Egyptian Fintech Bokra Raises $4.6 Million Pre-Seed to Expand Across The MENA Region
Cairo-based fintech startup Bokra has secured $4.6 million in a pre-Seed round led by DisrupTech Ventures and SS Capital, among other investors.
Bokra is set to disrupt wealth management in the MENA region by introducing goal-based investment and saving products backed by assets, marking a significant innovation in the industry.
With a vision to democratize wealth management, Bokra was founded to cater to various financial goals and empower retail and SME investors to save and invest effortlessly across multiple asset classes.
Bokra’s team addresses several challenges encountered by retail and SMEs in wealth management, including the absence of personalized investment planning, fragmented applications for asset-class investments, non-transparent fee structures, and high ticket physical assets.
Recognising these pain points, the Bokra app offers personalised and balanced financial and investment planning across different asset classes, which is built for the first time upon asset backed securities. Empowering users to manage and grow their wealth through fractional ownership of diverse products.
Commenting on the closure of the pre-Seed round, Ayman El-Sawy, founder and CEO of Bokra, said,
“Since day one, we have been on a mission to make high-yield and asset-backed investment opportunities a reality for retail investors. These instruments are set to undergo financial structuring through our FRA-licensed subsidiary sukuk arm, in return igniting radical and substantial impact on individuals and SMEs. Such disruption is made possible by our advanced fintech solutions and, more importantly, by our management team, which possesses accumulated expertise spanning up to 120 years in financial technology and the non-banking financial sector.”
Notably, the raised funds will fuel the launch of the Bokra app, broaden the spectrum of investment products, and extend operations geographically across the MENA region. This supports Bokra’s mission to raise awareness about investment opportunities and foster a culture of smart investing tailored to diverse financial goals and aspirations.
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