Fintech Startup ‘Bokra’ Partners with Octo to Integrate Digital Saving Products into Payment Platforms
the Middle East’s first Sharia-compliant digital platform for goal-based saving and investment, has announced a strategic partnership with Octo, a leading digital payment platform. The collaboration aims to broaden the accessibility of financial services and accelerate financial inclusion across the Egyptian market.
Through this partnership, Bokra’s signature saving product, "Daftar El Tawfeer," will be seamlessly integrated into the Octo app. This integration allows Octo users to access Bokra’s diversified saving and investment instruments directly, providing a frictionless digital experience without leaving the host application.
Key Highlights of the Partnership:
Embedded Finance: Direct access to Bokra’s saving products within the Octo ecosystem.
Seamless UX: A unified digital journey designed to simplify investment for daily app users.
Expanding Reach: Targeting underbanked segments of the population to bring them into the formal financial system.
Digital Transformation: Supporting Egypt’s national vision for a cashless society and financial literacy.
Strategic Vision
Commenting on the partnership, Ayman El-Sawy, Founder and CEO of Bokra, emphasized the company’s commitment to reaching underserved demographics.
"This partnership is a pivotal milestone in our expansion strategy," El-Sawy stated. "We believe technology is the primary engine for financial inclusion. By collaborating with Octo, we are bringing simple, secure, and Sharia-compliant saving solutions to platforms that customers already use daily, making the transition from spending to saving more intuitive than ever."
He added: "At Bokra, we are constantly evolving our user experience to democratize investment. By integrating our services into established digital payment platforms, we are effectively lowering the barriers to entry for retail investors and supporting the shift toward a proactive digital economy."
About Bokra
Founded in 2023, Bokra is a pioneering fintech platform regulated by Egypt’s Financial Regulatory Authority (FRA). It empowers individuals and SMEs to achieve their financial goals through AI-driven, Sharia-compliant investments in real-world assets, including real estate, precious metals, and structured debt instruments. Bokra stands as a digital gateway to financial freedom, leveraging advanced technology to provide transparent and accessible wealth management solutions.
About Octo
Octo is a fast-growing digital payment platform in Egypt, focused on providing innovative financial solutions and streamlining digital transactions for a wide user base, contributing significantly to the region’s fintech landscape.