Egypt's Thndr raises $15.7 million to expand digital investment offerings
Thndr, the Cairo-based investment platform, announced a $15.7 million funding round led by Prosus, with support from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, bringing total capital raised to $37.76 million.
Founded in 2020 by Ahmad Hammouda and Seif Amr, Thndr is a digital investment platform that allows its users to invest in stocks, bonds, and funds in the Middle East through its mobile-based and low-commission digital stock brokerage.
The fresh capital will support product expansion and regulatory growth, positioning Thndr to deepen its user base and service offering.
Last year, Thndr expanded its services to the UAE after acquiring a Category 3A licence with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).
Press release:
Egyptian investment platform Thndr has announced a $15.7 million funding round and launched two new products — Thndr Alpha and ThndrX — at Egypt's first fintech keynote, marking a major leap toward becoming a full-spectrum financial institution. The event, titled 'El Qessa Betkabr' (Arabic for 'The Story is Growing'), gathered over 300 users, investors, and partners at the historic Cairo Marriott and set a new benchmark for fintech innovation in the MENA region.
The new funding round was led by global tech investor Prosus, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris. The round brings Thndr's total funding to $37.76 million, underscoring strong investor confidence in the platform's vision and growth trajectory.
At the keynote, Thndr unveiled:
Thndr Alpha: A guided investing experience tailored to first-time investors, featuring portfolios aligned with individual goals, risk appetite, and a mix of local and global asset classes, including stocks, gold, and fixed income.
ThndrX: A pro-grade desktop platform built for serious traders, with a focus on speed, precision, and performance.
In parallel, Thndr announced it is in the process of acquiring an asset management licence in Egypt, a move that would allow it to launch and manage its own financial products — locally designed for regional investors, without relying on repackaged or foreign-built instruments.
'Thndr is no longer just giving people access to the market — we're helping them build long-term wealth, guided by intelligence and powered by local relevance,' said Ahmad Hammouda, co-founder and CEO of Thndr. 'This is the next chapter for fintech in the region.'
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