The BLOC Smart Africa fund (BLOC SA), initiated by the Smart Africa Alliance and managed by Bamboo Capital Partners, is to invest EUR300,000 in Digitech, a Côte d’Ivoire-based SaaS insurance technology start-up.
BLOC SA is leading the seed round, catalysing additional capital from Launch Africa Ventures. Digitech is BLOC SA’s first investment.
The proceeds of the financing will primarily go to support the development and commercialisation of the Hyperion 2.0 reinsurance ERP software, a cloud-based solution automating transactions between insurers and reinsurers.
