Bamboo Capital Partners, the government of Togo, and Moeda unveiled Bloc, a new investment fund Monday at the African CEO Forum in Kigali, Rwanda. The fund targets EUR 100 million for blockchain and t
Bamboo Capital Partners, the government of Togo, and Moeda unveiled Bloc, a new investment fund Monday at the African CEO Forum in Kigali, Rwanda. The fund targets EUR 100 million for blockchain and tech-driven companies serving low- and middle-income populations across emerging markets. It works across five sectors: financial inclusion, energy, education, consumer goods, and healthcare.
Moeda, a Brazilian fintech company founded in 2017 at a UN hackathon, will supply the blockchain technology and expertise. The fund has already secured EUR 10 million from Togo's government and Moeda Seeds Bank, with Bamboo overseeing the investments. The fund accepts both conventional currencies and cryptocurrencies, using a KYC platform to convert digital assets into euros or dollars.
Moeda's ecosystem connects investors with community-owned enterprises, enabling alternative financing, knowledge and resource exchange, and collective action. The company's technology generates permanent transaction records, reduces operational costs, enables affordable lending, and gives investors transparency on accountability, monitoring, and impact measurement.
Moeda raised $20 million through an ICO in August 2017 and has demonstrated success scaling projects using blockchain's efficiency and transparency advantages.
Taynaah Reis, CEO, founder and chairwoman of Moeda Seeds Bank, framed the partnership as transformative. "Moeda has partnered with Bamboo and the government of Togo because it provides us with an opportunity to expand our highly successful business model on a global scale. Moeda has a successful track record scaling projects using blockchain, which provides both efficiency and transparency."
For Togo, the fund represents an effort to attract international technology companies developing solutions for African communities. The initiative also aims to support local tech entrepreneurs with capital and expertise.
Cina Lawson, Togo's minister of posts, digital economy and tech innovation, emphasized the government's commitment. "Through this first loss commitment in the fund, the president of Togo, his excellency Mr. Faure Essozimna Gnassingbe, proves his willingness to foster the development of tech companies which are focused on achieving the Sustainable Development Goals. Bloc demonstrates Togo's leadership in Africa in pioneering new technologies and blockchain to generate positive social impact, fully in line with the third pillar of its National Development plan which aims at consolidating social development and strengthening inclusion mechanism."
