Egyptian fintech startup Bokra has partnered the Canadian International College (CIC) to launch a EGP10 million (US$207,000) fund to back Egyptian students aspiring to become entrepreneurs.
Launched in 2023 based on the belief that finance should be inclusive, transparent, and socially responsible, Bokra has developed an app that offers personalised and balanced financial and investment planning across different asset classes, built for the first time upon asset-backed securities.
The startup raised a US$4.6 million pre-seed round of funding earlier this year, and has now launched its own fund aimed at empowering changemakers with disruptive ideas at CIC to embark on their entrepreneurial journeys.
The fund is launched alongside Bokra Academy, a new initiative designed to provide entrepreneurial students with the right guidance and bridge the gap between academia and industry.
“Our mission at Bokra is crystal clear; we make financial goals a reality. Our partnership with CIC is reflective of our commitment to cultivate a more mature and dynamic startup ecosystem by empowering the next generation of entrepreneurs with the essential tools, resources and funding they need to not just succeed but to thrive,” said Ayman El-Sawy, founder and CEO of Bokra.
“Through our EGP10 million fund, we are paving the way for a new era of innovation and progress in Egypt by building a future where entrepreneurship is not just a dream but a tangible reality for all who dare to innovate and create change.”
