– Egyptian fintech startup Bokra secures $4.6 million in a pre-seed funding round led by DisrupTech Ventures and SS Capital.

– Bokra aims to revolutionize wealth management in MENA by offering goal-based investment and savings products through asset-backed securities.

– With a commitment to financial inclusion, Bokra plans to expand its operations and empower retail and SME investors to diversify their portfolios seamlessly.

Bokra aims to revolutionize wealth management in the MENA region by introducing goal-based investment and savings products through asset-backed securities, according to a company’s statement.

Founded in 2023 by Ayman El-Sawy, Bokra has catered to diverse financial objectives, enabling retail and SME investors to save and invest across various asset classes.

The fintech addresses several challenges encountered by retail and SME investors, including personalized investment planning, fragmented asset-class investment platforms, opaque fee structures, and high-ticket physical assets.

With this funding infusion, the Bokra app will offer personalized and diversified financial and investment planning across multiple asset classes, empowering users to grow their wealth through fractional ownership of a wide array of products.

El-Sawy emphasized Bokra’s dedication to advancing financial inclusion and investment awareness throughout the MENA region, envisioning it as the go-to investment platform for individuals and SMEs seeking to diversify their fractional ownership portfolio seamlessly.

Mohamed Okasha, founder and managing partner at DisrupTech Ventures, expressed enthusiasm for the round, noting that Bokra’s debut comes at an opportune moment amid soaring demand for alternative investment solutions and remarkable returns.

Okasha pointed out the significant unbanked population in Egypt, standing at approximately 67%, underscoring the importance of Bokra’s mission in providing goal-based and asset-backed securities products to disrupt the industry and uplift millions of Egyptians’ lives.

The funding round aligns with Bokra’s ambitious goals of democratizing investment opportunities and fostering financial empowerment across the MENA region.