We are pleased to announce that Matouk Bassiouny UAE (“MB UAE”) acted as the lead transactional legal counsel to Bokra in connection with securing USD 4.6 million from its pre-seed funding round and handling all matters concerning its negotiation and closing. The matter involved prominent venture capital firms; DisrupTech Ventures, SS Capital, and several other investors.

Bokra aims to revolutionize WealthTech in the MENA region by offering its users a range of personalized and balanced financial investment planning across different asset classes, which is built on asset-backed securities for the first time. It enables users to manage and grow their wealth through fractional ownership of diverse products. The app determines the risk appetite, investment inclination, and monthly contribution amount by answering a comprehensive questionnaire to match them with a suitable portfolio containing a mix of instruments that align with their goals.

The MB UAE team advising on the matter was led by Mohamed Essam (Partner and Head of Fintech & Emerging Companies and Venture Capital) and included Mahmoud Ezzat (Junior Associate).

For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.