Thursday May 23rd, 2024
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Cairo-Based Investment Platform Bokra Raises $4.6 Million Pre-Seed

Bokra is a wealth management platform offering personalised investment and saving products for retail and SMEs.

Startup Scene

Cairo-Based Investment Platform Bokra Raises $4.6 Million Pre-Seed

Egyptian fintech startup Bokra has closed a $4.6 million pre-seed funding round, led by DisrupTech Ventures and SS Capital.

Bokra is a wealth management platform, the first of its kind to offer goal-based investment and saving products through asset backed securities. Founded by Ayman El Sawy in 2023, Bokra’s platform helps investors in retail and SME sectors to save and invest across multiple asset classes, offering personalised financial and investment planning, allowing users to grow their wealth through fractional ownership of diverse products. When users sign up to Bokra, they answer a comprehensive questionnaire, determining their appetite for risk, investment tenor, and monthly contribution amount. Their answers match them with a suitable portfolio that best aligns with their goals.

"Bokra's launch is perfectly timed, the demand for alternative investment solutions has reached unprecedented heights due to remarkable returns. With 67% of the population remaining unbanked, we deeply support Bokra's mission of disrupting the industry by offering the first goal-based and asset backed securities products,” Mohamed Okasha, founder and managing partner at DisrupTech Ventures, tells StartupScene. “Their innovative use of investment instruments, coupled with their best-in-class management team, poises Bokra to impact the lives of millions of Egyptians."

This investment will help fund the launch of the Bokra app, as well as the expansion of investment offerings through the platform.

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