Bokra attracts $4.6M for disrupting MENA’s wealth management

Egyptian fintech firm, Bokra, recently announced a pre-seed funding round of $4.6 million backed by DisrupTech Ventures and SS Capital.

The funds purpose is to disrupt wealth management in the MENA region through goal-based investment and saving solutions using asset-backed securities. This demonstrates strong investor confidence in Bokra’s potential to revolutionize the finance landscape in the Middle East and North Africa.

Bokra, established in 2023 by finance veteran Ayman El-Sawy, aims to redefine wealth management by assisting retail investors and SMEs in expanding their savings and investments across a multitude of asset classes.

The company’s primary objective is to provide innovative, personalized solutions to its clients with a wide range of investment options designed to meet the varying requirements and risk profiles of its clients.

Furthermore, Bokra seeks financial inclusion by bridging the gap between retail investors and investment opportunities traditionally secured by institutional or high-net-worth individuals.

Since its inception in 2023, Bokra has experienced significant growth becoming a trusted partner for clients looking to optimize their portfolios and widen their financial horizons.

Bokra’s funding fuels MENA wealth management disruption

The raised funds will support the launch of the Bokra app, expansion of their investment product selection, and advancement in the MENA region. Bokra remains firm in their commitment to fostering financial literacy and inclusion.

They plan on incorporating advanced technologies into their operations to enhance efficiency, security standards and render the investment process smoother and more transparent for their users.

Ayman El-Sawy highlighted Bokra’s objective: to provide retail investors with high-yield, asset-backed investment plans, democratize the investment landscape by offering accessible, profitable opportunities, and promote a culture of financial literacy.

Mohamed Okasha of DisrupTech Ventures, expresses support for Bokra’s vision, underscoring the importance of alternative investment options in today’s challenging economy.

SS Capital’s Chairman, Samer Sallam, voiced confidence in Bokra’s strategy to provide unique financial products to the younger demographic, foresees a transformation in the wealth management sector and looks forward to participating in realizing this vision.

Bokra’s primary objective is to streamline the investment process, offering features that estimate potential growth, and a dashboard for progress tracking. On the platform, users have access to learning resources to educate them about financial management and investment strategies, a key feature that sets Bokra apart in the investment sector.

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, The Digital Banker will share the Data with our associate companies (including event and content sponsors) to promote their products and services. You will also be automatically subscribed as a user on www.thedigitalbanker.com. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  Error: Contact form not found.