Egyptian B2B medtech platform i’SUPPLY has secured $3 million in Sharia-compliant revenue-based revolving financing from Bokra, the MENA region’s first goal-driven digital investment platform. The deal marks a significant step in scaling i’SUPPLY’s operations and widening access to pharmaceutical and medical supplies across underserved communities in Egypt.
In June 2024, i’SUPPLY completed its pre-Series A funding round, backed by Disruptech Ventures, OneStop Capital, Axian Investment CVC, Egypt Ventures, and other strategic investors.
Founded in 2022 by Ibrahim Emam, Malek Sultan, and Moustafa Zaki, i’SUPPLY is on a mission to digitize the pharmaceutical industry by offering a comprehensive, one-stop platform that helps predict and resolve supply chain disruptions with speed and precision.
Bokra structured the funding as a revenue-based model that fully complies with Islamic finance principles. By avoiding interest and ownership dilution, the model enables ethical, flexible capital deployment while offering Bokra’s investors access to real-economy assets with clear social impact.
“This partnership reflects Bokra’s mission to unlock high-impact, Sharia-compliant investment opportunities that generate meaningful economic and social value,” said Ayman ElSawy, Founder and CEO of Bokra. “By supporting iSUPPLY, we’re backing a data-driven healthcare disruptor that is scaling responsibly while delivering purpose-driven returns.”
Driving Healthcare Access with Data
i’SUPPLY operates a digital distribution platform that leverages AI and predictive analytics to streamline procurement, optimize inventory, and address long-standing inefficiencies in the healthcare supply chain. Through this funding, i’SUPPLY plans to deepen its reach across Egypt’s pharmaceutical ecosystem, making access to essential medicines faster and more reliable.
“Our collaboration with Bokra allows us to scale without compromising our mission,” said Ibrahim Emam, Co-founder and CEO of i’SUPPLY. “Access to flexible, non-dilutive financing enables us to focus on what matters most—delivering medicines efficiently through data-powered logistics.”
This infusion of capital empowers i’SUPPLY to expand its impact while maintaining full ownership and mission alignment—an attractive model for fast-growing, purpose-driven startups in the MENA region.
Ethical Finance Meets Innovation
The partnership underscores the growing relevance of revenue-based financing in bridging the funding gap for SMEs and high-growth ventures across strategic sectors. Unlike traditional equity or debt models, revenue-based financing ties repayment to the company’s actual revenues, promoting long-term health and sustainability.
For Bokra, the deal adds to a growing portfolio of Sharia-compliant, asset-backed investments, including the landmark EGP 3 billion sukuk issuance for Aman. It reflects Bokra’s continued commitment to democratizing access to ethical finance and giving investors the tools to achieve both returns and impact.
“This is a model for how fintech and healthtech can work together to build a more inclusive economy,” ElSawy added.
