Bahrain-based equity crowdfunding platform Beban is preparing to launch operations in Egypt as part of its regional expansion strategy, following an increased investment from Foras AI, the investment vehicle founded by Exits MENA CEO Mohamed Aboulnaga.
The additional capital will support Beban’s entry into the Egyptian market, regulatory compliance process, and operational rollout, as the company seeks to establish one of the country’s first regulated equity crowdfunding platforms operating at scale.
Founded to democratise startup investing, Beban enables individuals to invest in early-stage companies in exchange for equity ownership, with minimum ticket sizes starting at $100. Unlike debt-based crowdfunding models, the platform focuses exclusively on equity participation, opening startup ownership to retail investors.
The move marks a strategic shift toward larger markets beyond Bahrain, which has a population of 1.7 million. Egypt, with a population exceeding 110 million and a growing startup ecosystem, represents a significantly larger opportunity in terms of both deal flow and investor base.
Beban is currently working with Egypt’s Financial Regulatory Authority (FRA) to obtain the necessary approvals. The company is structuring its Egyptian entity within the existing regulatory framework, incorporating independent fund management, enhanced due diligence, escrow-based capital handling, and full traceability of investment flows.
CEO Karim Saleh described Egypt as a high-growth market with increasing regulatory maturity and strong startup momentum, noting that building institutional-grade governance is critical to overcoming historical scepticism around crowdfunding models.
Beban expects to secure preliminary regulatory approval following completion of its application process, with full licensing anticipated within approximately six months.
If approved, the platform could help formalise equity crowdfunding in Egypt, providing startups with alternative funding channels while expanding access to early-stage investing for retail participants.
