Egypt’s Bokra Secures $4.6 Million Pre-Seed Funding
The launch is scheduled for the second quarter (Q2) of 2024.
Egypt-based fintech Bokra has closed its pre-seed funding round, raising $4.6 million. The round was led by DisrupTech Ventures and SS Capital, in addition to other investors.[1]
Founded in 2023 by Ayman El-Sawy, a seasoned industry expert with over two decades of experience in non-banking financial services and debt instruments.
The platform aims to cater to diverse financial goals and support retail and SME investors to save and invest across various asset classes.
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Bokra app offers personalized financial and investment planning across different asset classes, built upon asset-backed securities, enabling users to manage and grow their wealth through fractional ownership of diverse products.
With its launch scheduled for the second quarter (Q2) of 2024, users will begin by completing a comprehensive questionnaire to determine their risk appetite, investment tenor, and monthly contribution amount. Based on this information, they are matched with a portfolio containing a mix of instruments aligned with their goals.
Additionally, the Bokra app features scenario playing, allowing users to assess the yields of their monthly contributions, along with a dashboard to systematically track and manage their financial goals.
The funds raised will fuel the launch of the Bokra app, expand the range of investment products, and scale operations geographically across the MENA region.