Redblock enters into a strategic partnership with Two4One App Ltd for expansion into Africa
Updated: Jul 15, 2020
RedBlock enters into a strategic partnership with Two4One App Ltd (“Two4One”) and its investments arm Rhinoh Capital Ltd (“Rhinoh Capital”) for expansion into Kenya and Africa. Since 2019, RedBlock has worked with Two4One on a number of ongoing initiatives in Kenya, particularly in blockchain powered fintech, real asset tokenization. payments, food distribution and loyalty schemes. These projects are well progressed with both public and private sector partners, from departments of the Kenyan government to large Kenyan investment houses.
RedBlock has provided Two4One and Rhinoh Capital with the necessary expertise in due diligence, deal structuring, analytics, strategic planning and brought in its network of investors, technology partners and operational talents globally. Two4One and Rhinoh Capital are important additions to RedBlock’s existing global footprint in the US, China, Japan, Australia, South East Asia and Middle East.
‘As one of the last frontier markets, Kenya and Africa present unparalleled opportunities for investors and companies alike. RedBlock has a history of generating outsized returns for their investors by identifying and leveraging emerging market opportunities. Over the past year, RedBlock has demonstrated that they are one of the best in the field, forward thinkers who are fast to act and constantly identifying new commercial plays,’ said Stanley Njenga, CEO of Two4One App and Partner at Rhinoh Capital.
On this new strategic alliance, Jemma Xu, General Partner at RedBlock Capital, said: “It has been a pleasure working with Stanley and his team in the past year. Our commercial expertise and global network complement Two4One’s strength on the ground in Kenya. When opportunities do arise in Kenya, we were able to quickly devise a commercial plan, identify key areas for support and bring in the right resources to close the deal. As we enter into a new phase of our working relationship, we will be accelerating these endeavours not only within Kenya but across the African continent.”
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RedBlock Inc is a digital investment and fintech firm leveraging blockchain technology for asset digitization and management, from issuance to secondary liquidity. Its global network of capital market participants, including issuers, broker-dealers, secondary exchanges, funds, liquidity providers and custodians, are supported by its end-to-end blockchain-powered asset management platform. RedBlock also manages an investment fund to support companies in its ecosystem that align with its investment thesis. With a growing track record and pipeline, the RedBlock team hails from top tier global investment banks, venture capital firms and blockchain technology companies.