Cairo-based FinTech firm Bokra has recently closed a successful pre-seed funding round, securing $4.6 million in investment.
DisrupTech Ventures and SS Capital led the funding round, with additional support from several other investors. This significant capital injection positions Bokra as a frontrunner in the WealthTech sector across the MENA region.
Founded by Ayman El-Sawy, a veteran with over two decades of experience in non-banking financial services and debt instruments, Bokra aims to democratize wealth management. The platform offers a unique blend of goal-based investment strategies and asset-backed securities, catering to both retail and SME investors.
With the fresh funding, Bokra plans to launch its application and broaden its range of investment products. The focus will be on empowering users to save and invest through fractional ownership, making various asset classes more accessible and manageable through an intuitive platform.
The upcoming app is slated for release in Q2 2024 and promises a personalized and user-friendly experience. Users will undergo a comprehensive questionnaire to customize investment options to their risk appetite and financial goals, supported by innovative tools like ‘scenario playing’ and a detailed financial dashboard.
Ayman El-Sawy, Founder and CEO of Bokra, expressed his commitment to making high-yield and asset-backed investment opportunities accessible to retail investors. Mohamed Okasha, Founder and Managing Partner at DisrupTech Ventures, highlighted the demand for alternative investment solutions and voiced support for Bokra’s mission.
Samer Sallam, Chairman of SS Capital, emphasized their belief in Bokra’s potential to make a lasting impact on wealth management in the region through its dedication to empowering users with innovative financial products.
Source: fintech.global
