Eric Asuma has resigned from his role as the CEO of Hisa, a position he held since the company’s inception in 2020.
Hisa Technologies is a company whose mission is to democratise the African retail investment sector, making it inclusive for all.
Asuma will now direct his attention towards a fresh endeavour in collaboration with the online financial news publisher known as the Kenyan Wall Street, an organisation he helped establish.
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Having been a significant driving force behind the founding and growth of Hisa, Asuma is of the opinion that a change in leadership is crucial for the continued success of the company and for maintaining a constructive and cooperative work environment.
“After much contemplation and reflection, I recently decided to step down from my role as CEO of Hisa Inc, effective immediately.
“While I have been actively involved in building and leading the company since its inception, I strongly believe that a change in leadership is necessary to ensure its continued success,” Asuma said while giving his remarks.
Eric Asuma continues to hold the majority of shares in Hisa Technologies, a partnership that gained regulatory endorsements in collaboration with Faida Investment Bank.
Although he’s reducing his involvement in day-to-day operations, Asuma has expressed his commitment to remaining accessible for aiding the company while focusing on offering strategic direction and support.
“I will continue to support the company whenever required, but I have taken a back seat from the day-to-day operations.
“Drawing insights from my experiences at Kenyan Wall Street, I have been assembling a formidable team in the last few months to establish a new venture with the ambition to become the foremost distributor of financial data and a premier news source for Africa’s financial services community,” he stated.
Asuma has appointed Eric Jackson to take over his role as CEO, stating that Eric has the required skills to guide the company to its success
“To ensure a smooth transition and effective management, we have appointed Eric Jackson as the new CEO of Hisa Inc. Eric possesses the necessary capabilities and experience to lead the company towards even greater achievements,” Asuma said in a statement.
Since its inception, Hisa has secured approximately $200,000 in funding. The company obtained an undisclosed sum in seed funding from both Startup Wise Guys and Startup Wise Guys SaaS Milan.
At its highest point, the company’s valuation reached approximately $5 million.