Thndr, an Egyptian fintech startup, has recently secured $15.7 million in funding led by Prosus Ventures, with participation from other investors such as Y Combinator, BECO Capital, and Endeavor Catalyst. This latest round brings Thndr’s total funding to $37.76 million, which will be used to support the company’s expansion into the UAE and Saudi Arabia, as well as the development of new products for both beginner and professional investors.
Thndr, based in Cairo, aims to democratize investing in the Middle East and North Africa (MENA) region by offering a digital investment platform that allows users to trade stocks, bonds, mutual funds, and gold without any commission fees or account minimums. Since its inception, Thndr has facilitated over $3.4 billion in trades and attracted over one million users, many of whom are first-time investors from non-metropolitan areas.
In response to the growing demand for accessible and affordable investment options, Thndr has introduced two new products: Thndr Alpha, a guided investing platform for beginners, and ThndrX, a high-performance trading platform for experienced investors. Additionally, the company is in the process of applying for an asset management license in Egypt to offer proprietary financial products tailored to local investors.
Thndr’s expansion into the UAE began in 2024 after obtaining a Category 3A license with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority. With plans to enter the Saudi Arabian market, Thndr aims to replicate its success in Egypt by providing locally relevant and trusted investment platforms.
Prosus Ventures’ Head of Investments, Europe, Sandeep Bakshi, praised Thndr’s efforts in transforming access to investing across MENA, particularly among young and underserved populations. The company’s rapid growth and dedication to empowering first-time investors highlight its strong leadership and commitment to its broader mission.
Overall, Thndr’s latest funding round and expansion plans signal a promising future for the fintech startup as it continues to make investing accessible and affordable for everyone in the region.
