Fintech
Egyptian fintech startup Bokra partners to revolutionize META investments in precious metals
Egyptian fintech startup bokra, a goal-based investment and savings platform, has partnered with precious metals investment firm Dahab Masr to launch a platform that helps users invest and save in various precious metals such as gold, silver and platinum .
The bokra app offers personalized and balanced financial and investment planning across different asset classes, based on asset-backed securities for the first time. It allows users to manage and grow their wealth through fractional ownership of different products.
Expected to launch in the second quarter of this year, bokra asks users to answer a comprehensive questionnaire to determine their risk tolerance, investment duration and monthly contribution amount. Based on this, they are matched with a portfolio containing a mix of instruments aligned with their objectives.
The company last month it closed a $4.6 million pre-seed funding round, and has now announced a partnership with Dahab Masr, an Egyptian company driving innovative investment solutions in the precious metals market. Together, they have launched the “bokra Dahab” platform, which will offer individuals and SMEs in Egypt, the United Arab Emirates and Saudi Arabia the opportunity to diversify their investment portfolios while providing a safe and efficient process for investing in metals precious.
“Following our recent announcement of bokra’s target-based investment app in asset-backed securities, we are proud to join forces with Dahab Masr to introduce our new platform, bokra Dahab. This collaboration allows us to expand our reach and offer investors a unique opportunity to invest and save in precious metals. We are committed to introducing additional platforms in the near future, as we strive to transform the way individuals and SMEs approach wealth management, offering them the highest levels of continuity and security through our platforms,” said Ayman El- Sawy, founder and CEO of bokra Presa.
This partnership marks the first of many strategic collaborations with industry leaders across asset classes, in line with bokra Holding’s approach of extending its offering with the support of subject matter experts and experienced market leaders, he said.