Egyptian fintech Bokra raises $4.6 million pre-Seed round
Summary
The funds will be used to launch the Bokra app, expand the range of investment products, and geographically scale operations across MENA.Bokra, a Cairo-based fintech, announces the successful closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors, setting it to revolutionise wealth management in the MENA region by being the first platform to offer goal-based investment and saving products through asset backed securities.On a mission to democratise wealth management, Ayman El-Sawy, an industry veteran boasting 21 years of experience in non-banking financial services and debt instruments, founded Bokra to serve diverse financial goals and empower retail and SMEs investors to seamlessly save and invest across multiple asset classes. Empowering users to manage and grow their wealth through fractional ownership of diverse products.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. 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. "From his side, Mohamed Okasha, founder and managing partner at DisrupTech Ventures, expressed his excitement for the round: "Bokras launch is perfectly timed, the demand for alternative investment solutions has reached unprecedented heights due to remarkable returns. At SS Capital, we believe in supporting promising ventures with transformative potential, and we are confident that Bokras dedication to empowering youth through its financial products will create a lasting impact on wealth management in our part of the world.