The Egyptian fintech enterprise Bokra, which commenced operations in 2023 with a vision to democratize finance by ensuring it is inclusive, transparent, and socially beneficial, has forged a strategic alliance with the Canadian International College (CIC). This collaboration has resulted in the establishment of a substantial fund amounting to EGP10 million (equivalent to approximately US$207,000). The purpose of this fund is to provide financial support to Egyptian students who possess a strong entrepreneurial spirit and aspire to become innovators in their fields.
Bokra has made a name for itself by introducing a unique mobile application that caters to the needs of individuals seeking a tailored and well-rounded approach to managing their finances and investments across a diverse range of asset categories. This application is notably the first of its kind to incorporate asset-backed securities into its framework.
Earlier in the year, Bokra successfully garnered US$4.6 million in a pre-seed funding round, which has set the stage for the creation of its dedicated fund. This fund is specifically targeted at nurturing the entrepreneurial ambitions of students at CIC who are poised to become pioneers and agents of change within their respective domains.
In conjunction with the launch of the fund, Bokra has also introduced the Bokra Academy. This new venture is designed to equip entrepreneurial students with the necessary mentorship and to bridge the existing divide between academic knowledge and real-world industry practices.
Ayman El-Sawy, the founder and CEO of Bokra, articulated the company’s mission with clarity, emphasizing the commitment to turn financial aspirations into achievable outcomes. The partnership with CIC underscores Bokra’s dedication to fostering a more sophisticated and dynamic startup landscape in Egypt. This is achieved by providing the forthcoming generation of entrepreneurs with the critical tools, resources, and capital required not only to succeed but to excel and make a significant impact.
El-Sawy further elaborated on the vision behind the EGP10 million fund, expressing that it is a stepping stone towards ushering in a new epoch of innovation and advancement in Egypt. Bokra aims to construct a future where the pursuit of entrepreneurship transcends being a mere aspiration and becomes an accessible reality for those who possess the courage to innovate and drive transformative change.
