Cairo- Sharikat Mubasher: Bokra, a fintech company based in Egypt, secured $4.6 million in a pre-seed funding round led by DisrupTech Ventures, SS Capital, and other investors, the company announced in a statement.
The company will allocate the proceeds to launch the Bokra application, expand its investment products, and broaden its operations across the Middle East and North Africa (MENA) region.
The application, set to be launched in the second quarter of 2024, will offer personalized and balanced financial and investment planning across different asset classes, enabling users to manage and grow their wealth through fractional ownership of diverse products.
This round underscores Bokra’s commitment to raising investment awareness and promoting a culture of smart investing to cater to various financial goals and aspirations.
Ayman El-Sawy, Founder and CEO of Bokra, emphasized the company’s dedication to accelerating financial inclusion and elevating investment awareness across the MENA region.
“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,” El-Sawy added.
Commenting on the round, Samer Sallam, Chairman of SS Capital, said: "This strategic infusion of capital will empower Bokra to offer an unprecedented pack of offerings to users across the region.”
Bokra aims to tackle challenges facing retailers and small and medium-sized enterprises (SMEs) looking to manage their wealth, including the lack of personalized investment planning, fragmented applications for asset-class investments, non-transparent fee structures, and high-ticket physical assets.
