Egyptian Wealthtech Bokra Raises $4.6 Million Pre-Seed

Egyptian Wealthtech Bokra Raises $4.6 Million Pre-Seed

Bokra, a Cairo-based fintech, announces the closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors. The company aims to revolutionise wealth management

The post Egyptian Wealthtech Bokra Raises $4.6 Million Pre-Seed appeared first on Fintechnews Middle East.Bokra, a Cairo-based fintech, announces the closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital alongside other investors.

The company aims 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, founded Bokra to serve diverse financial goals and empower retail and SME’s investors to seamlessly save and invest across multiple asset classes. Bokra’s team is tackling several challenges facing retailers and SMEs looking to manage their wealth, including the lack of personalised investment planning, fragmented applications for asset-class investments, non-transparent fee structures, and high ticket physical assets.

Recognising these pain points, the Bokra app offers personalised and balanced financial and investment planning across different asset classes, which is built for the first time upon asset backed securities. Empowering users to manage and grow their wealth through fractional ownership