Egyptian pharmaceutical distribution startup i’SUPPLY has raised US$3 million in Sharia-compliant revenue-based revolving financing from Bokra, the MENA region’s first goal-driven digital investment platform.
Founded in 2022 by Ibrahim Emam, Malek Sultan and Moustafa Zaki, i’SUPPLY aims to digitise the pharmaceutical business by providing a one-stop-shop solution to quickly predict and overcome supply chain disruptions.
The startup has developed a tech-enabled platform that connects over 10,000 pharmacies with more than 200 small-to-medium-sized distribution companies, offering a portfolio of over 10,000 pharmaceutical products.
i’Supply, which most recently raised a pre-Series A round in the middle of last year, has announced a US$3 million Sharia-compliant financing agreement with Bokra, which will support its operational scale-up and expand access to medical supplies across Egypt, particularly in underserved communities.
“We’re proud to partner with Bokra to accelerate our mission. Access to flexible, non-dilutive financing enables us to grow responsibly and stay laser-focused on what matters most, making access to medicine faster, more reliable, and powered by data,” said Ibrahim Emam, co-founder and CEO of i’SUPPLY.
