New Investment Platform Shekra Supports Startups in Egypt

Investment Platform Shekra

Investment Platform Shekra

New joint investment concept “Shekra” is drawn from the Arabic phrase “sherik fekra” in Arabic, which means “share an idea.” The platform was launched in Cairo last November by seven founders who come from backgrounds in technology, aviation, investment and banking, who have pooled their resources to support Egyptian startups.

The platform works by asking its network of investors to offer small amounts of capital in order to fund a startup or a specific project, thus mitigating investment risk.

Unlike other crowdfunding platforms like Yomken in Egypt, or crowdsourced investment platforms like Zoomaal, which ask the public to fund projects, Shekra relies on a closed network of investors.

While many are still skeptical about investing in startups in general, Shekra hopes to build trust in the idea by leading with trustworthy investors.

The Crowdfunding Trend in the Arab Region

It’s designed to fill a gap in early stage funding in the Arabic world, says co-founder and co-director Doctor Shehab Marzban. “There is an obvious financial gap that startups and small companies are facing at the early stage, and this blocks invention and hinders the process of developing new startups in the Arab region.”

According to Shehab, 15% of Arab youth have a strong desire to start their own projects, as compared to 4% in the west. There’s also a significant percentage of wealthy Arabs, both in the region and the diaspora, who want to invest in startups for a variety of reasons ranging from helping to create success stories to assuming social responsibility towards their societies.

Support Before and After Funding

In order to fully support startups, Shekra provides many activities before and after funding:

Startup promotion on social media, event organization, roadshows at universities, and partners, to name a few
Advice on pitching to investors and business plan support
Legal agreements, guaranty of compliance with Sharia law, and money transfer
Setting up reports, supervision, mentorship and representation before the startup’s board of directors
Achievements and Ambitions

Shekra currently offers connection to over 60 investors, some from Egypt and others from around the region and globe. The platform hopes to expand throughout Africa and members of the Organisation of Islamic Cooperation. “The Islamic World and Africa are rich in talent and potential capital that can create value and limit the talent immigration to the west,” says Shehab.

First, however, the platform will focus on Egypt and the GCC. “We must depend on local and regional partners who share our belief in supporting projects, and and we hope to support a new category of investors who can be part of a promising future,” he says.

Below is a video in Arabic that explains the platform:

Source: WAMDA – by Ahmed Gabr


FortuneUncensored Social Network Gab Raises $1 Million in Crowdfunding CampaignFortuneA crowdfunding campaign for Gab, a Twitter-like social network that touts its commitment to freedom of speech, surpassed $1 million yesterday. The company claims it is politically neutral and committ [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

Baltimore SunHarford still opposes crowdfunding sites for school donationsBaltimore SunRaising money through online crowdfunding sites is an ideal way for teachers to find the funds to purchase classroom materials and should be restored, the head of the Harford County teachers' u [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

FortuneDreamHost Sets Up Crowdfunding Page to Aid Trump Government FightFortuneThe Los Angeles-based web host DreamHost, which is fighting the Department of Justice over its attempt to seize records of visitors to an anti-Donald Trump website, has launched a crowdfunding campaign to a [...]

DualShockersBounty Battle Rolls out the White Carpet with Successful Crowdfunding CampaignDualShockersWhen we last checked in with the indie-obsessed fighting game, Bounty Battle, it was halfway through its $30,000 crowdfunding goal. Now with 3 days left to go, it's surpassed thi [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

Deccan ChronicleHow to make crowdfunding work?Deccan ChronicleVarun, based on his experience, also says, that people new to crowdfunding should not be complacent with their campaigning — “I've seen a lot of people, who just think that crowdfunding is free money. They have a very [...]

LITTLE GUIDANCE FROM IRS ON TAXING CROWDFUNDING CONTRIBUTIONSBloomberg BNAWhether it's a musician raising money to produce an album, an inventor with a great idea, or a family in distress that needs help, crowdfunding through platforms such as Indiegogo and Kickstarter has become [...]

Brick City LiveWOMEN-FOCUSED CROWDFUNDING PLATFORM IN NEWARK IS ACCEPTING ITS FIRST COHORT OF ...Brick City LiveA new women-focused crowdfunding platform has just launched in Newark and is accepting businesses into its inaugural cohort. iFundWomen is a crowdfunding platform specifical [...]

CFB Finance


  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |