Leading the investment were SS Capital and DisrupTech Ventures, with support from a number of other investors. Bokra will be positioned as a leader in the WealthTech industry in the MENA region thanks to this capital infusion.

The business has raised $4.6 million, which is a big step forward in its development. DisrupTech Ventures and SS Capital, among others, led this fundraising round because they have a lot of faith in Bokra's ability to change the WealthTech scene.

Bokra was founded with the goal of democratizing wealth management by Ayman El-Sawy, a seasoned professional with 21 years of expertise in non-banking financial services and debt instruments. Targeting both retail and SME clients, the platform offers a unique combination of asset-backed securities and goal-based investing techniques.

Bokra intends to introduce its application and broaden its selection of financial products with the additional funding. Through fractional ownership, consumers will be empowered to save and invest, and a user-friendly platform will make a variety of asset classes more accessible and controllable.

Q2 2024 is when the new app is expected to appear, according to further information. Bokra guarantees a simple and customized user experience. With the use of cutting-edge technologies like "scenario playing" and an extensive financial dashboard, users will fill out an extensive questionnaire to customize investment possibilities to their risk tolerance and financial objectives.

The CEO and founder of Bokra, Ayman El-Sawy, made the following statement in response to the financing round: "Since day one, we have been on a mission to make high-yield and asset-backed investment opportunities a reality to retail investors." Our FRA-licensed subsidiary sukuk arm is going to financely structure these securities, which will have a significant and dramatic impact on people and SMEs.

Mohamed Okasha, the founder and managing partner of DisrupTech Ventures, expressed his delight about the deal and said that Bokra's launch was well-timed. He said that the need for alternative investment options has increased dramatically as a result of excellent returns. We wholeheartedly endorse Bokra's objective of upending the market by providing the first goal-based and asset-backed securities products, given that 67% of the population is still unbanked.

"With the strategic infusion of capital, Bokra will be able to provide users throughout the region with an unparalleled suite of offerings." According to SS Capital Chairman Samer Sallam, "We at SS Capital believe in empowering youth through our financial products, and we are confident that Bokra's dedication to this goal will create a lasting impact on wealth management in our part of the world."