Bokra will support retail and SME (small and medium enterprises) clients in achieving a wide range of financial goals by making it simple to save and invest across asset classes.
Bokra’s team is addressing various difficulties to aid merchants and SMEs in managing their wealth, such as the lack of personalised investment planning, scattered asset-class investment applications, opaque fee structures, and pricey physical assets.
The Bokra app tackles these issues by providing balanced, personalised financial and investment planning across many asset classes. It is the first app of its kind to be built on asset-backed securities, giving users partial ownership of a wide range of products while assisting them in managing and growing their wealth.
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Bokra CEO: Expanding Access to Productive Investments for All
Bokra’s founder and CEO, Ayman El-Sawy, expressed his excitement after closing the pre-seed funding round, stating: “Since our inception, our core mission has been to democratise access to high-yield and asset-backed investment opportunities, making them available to retail investors who have been underserved in the market.
We think that everyone deserves the opportunity to build wealth and fulfil their financial goals, and we are dedicated to making that a reality through creative and accessible financial solutions.”
These instruments will be financially structured through their FRA-licensed subsidiary sukuk arm, resulting in a huge and innovative impact on individuals and Businesses. This disruption is being driven by their innovative fintech solutions, but more crucially by their management team, which has over 120 years of combined experience in financial technology and the non-banking financial sector.
Bokra is committed to fostering financial stability and investment education in the Middle East and North Africa (MENA) area, where financial needs and aspirations are constantly shifting. Bokra’s goal is to become the go-to investment solution for individuals / Small and Medium-sized Enterprises (SMEs) looking to diversify their investment portfolios through fractional ownership.
Bokra: Empowering Investors to Take Control of Their Financial Futures
With a focus on simplicity, transparency, and educated decision-making, Bokra is well-positioned to help investors take control of their financial destinies, make informed investment decisions, and achieve their objectives in a quickly changing economic world.
Bokra is dedicated to unleashing economic potential and driving progress throughout the Middle East and North Africa region by closing the financial inclusion gap and increasing investment knowledge.
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Bokra’s user experience is expected to be both clear and personalised when it launches in Q2 2024. A detailed questionnaire is used to identify users’ monthly contribution amount, investment tenure, and risk appetite. Based on the findings, individuals are assigned an investment portfolio that contains a variety of instruments that are linked to their goals.
The Bokra app includes an overview that allows users to continuously monitor and keep track of their financial goals. It also provides scenario analysis, which allows customers to determine the prospective returns on their monthly donations.
The funds will be used to develop the Bokra app, expand the range of financial products available, and expand operations across the Middle East and North Africa. This will provide further support for Bokra’s programmes to enhance investment literacy and foster a culture of sensible investing to satisfy a variety of financial goals and wants.