Egyptian fintech startup Bokra has partnered with the Canadian International College (CIC) to launch an EGP 10 million (US$207,000) fund to support Egyptian students aspiring to become entrepreneurs.
Launched in 2023 based on the belief that finance must be inclusive, transparent and socially responsible, Boukra has developed an application that offers personalized and balanced financial and investment planning across different asset classes, built for the first time on asset-backed securities.
The startup raised a US$4.6 million pre-seed round funding earlier this year, and has now launched its own fund aimed at enabling changemakers with disruptive ideas at CIC to embark on their entrepreneurial journey.
The fund is being launched alongside the Bokra Academy, a new initiative designed to provide student entrepreneurs with the right guidance and bridge the gap between academia and industry.
“Our mission in Bokra is clear; we make financial goals a reality. Our partnership with CIC reflects our commitment to cultivating a more mature and dynamic startup ecosystem by equipping the next generation of entrepreneurs with the essential tools, resources and funding they need to not only succeed, but thrive,” said Ayman El-Sawy, founder and CEO of Bokra.
“Through our 10 million Egyptian pounds 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 those who dare to innovate and create change.