TLDR:
- Egyptian fintech startup Bokra secures $4.6 million in pre-seed funding round led by DisrupTech Ventures and SS Capital.
- Bokra aims to revolutionize wealth management in the MENA region by offering goal-based investment and savings products through asset-backed securities.
In a recent funding round, Egyptian startup Bokra secured $4.6 million in pre-seed funding led by DisrupTech Ventures and SS Capital. The fintech, founded in 2023 by Ayman El-Sawy, aims to revolutionize wealth management in the MENA region by introducing goal-based investment and savings products through asset-backed securities. With a commitment to financial inclusion, Bokra plans to expand its operations and empower retail and SME investors to diversify their portfolios seamlessly.
Bokra addresses challenges faced by retail and SME investors, including personalized investment planning, fragmented asset-class investment platforms, opaque fee structures, and high-ticket physical assets. The funding injection will allow the Bokra app to offer personalized and diversified financial and investment planning across multiple asset classes, enabling users to grow their wealth through fractional ownership of various products. Mohamed Okasha, founder and managing partner at DisrupTech Ventures, expressed enthusiasm for the round, highlighting the company’s potential amid soaring demand for alternative investment solutions.
El-Sawy emphasized Bokra’s commitment to advancing financial inclusion and investment awareness in the MENA region, positioning the company as a go-to investment platform for individuals and SMEs seeking to diversify their fractional ownership portfolios seamlessly. The round aligns with Bokra’s ambitious goals of democratizing investment opportunities and fostering financial empowerment across the region.
