Egyptian fintech Bokra raised $4.6 M Pre-seed funding
As the first platform in the MENA region to offer goal-based investment and saving products through asset-backed securities, Bokra, a fintech company based in Cairo, announces the successful closing of its $4.6 million pre-Seed round, which was led by DisrupTech Ventures and included SS Capital among other investors.
With the goal of democratizing wealth management, industry veteran Ayman El-Sawy, who has 21 years of experience in non-banking financial services and debt instruments, founded Bokra to support a range of financial objectives and enable small and medium-sized investors to easily save and invest in a variety of asset classes.
The lack of individualized investment planning, fragmented applications for asset-class investments, opaque fee structures, and expensive physical assets are just a few of the issues Bokra’s team is addressing for retailers and SMEs trying to manage their wealth.
The Bokra app, which was developed for the first time using asset-backed securities, recognizes these pain points and provides individualized and balanced financial and investment planning across a variety of asset classes. giving consumers the ability to divide up and manage their wealth by owning a variety of products in fractions.
Commenting on the successful closure of the pre-Seed round, Ayman El-Sawy, founder and CEO of Bokra, stated: “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. We are dedicated to accelerating financial inclusion and elevating investment awareness across MENA. In a region where financial needs and aspirations are ever-changing, Bokra is poised to become the preferred investment platform for both individuals and SMEs looking to diversify their fractional ownership portfolio in a simple, trackable, and informed way.”
The funds will be utilized to extend the Bokra app’s functionality, add more investment products, and expand operations throughout the Middle East and North Africa. assisting Bokra in her endeavors to encourage a culture of wise investing and increase public awareness of investments in order to meet a range of financial objectives.