Egypt’s Thndr thinks so—and it’s backing that belief with fresh funding and bold expansion plans. As fintech transforms how we save, invest, and grow wealth, Thndr is positioning itself at the forefront of this evolution. Their recent $15.7 million investment round is just the beginning.
Thndr’s Game-Changing Fundraise
Thndr, a rising star in the MENA region’s fintech sector, has secured a second major investment round worth $15.7 million. This new capital injection brings its total funding to $37.76 million. The round attracted major global players including Prosus Ventures, BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and even a top U.S. university endowment.
With this fresh funding, Thndr plans to supercharge its expansion into the UAE and Saudi Arabia, two booming markets eager for tech-enabled financial access.
Empowering First-Time Investors
Founded with a mission to democratize investing across MENA, Thndr offers a simplified, mobile-first platform that allows users to invest in:
- Local and U.S. stocks
- Gold
- Mutual funds
- Savings products
The app has already made waves in Egypt:
- $3.5 billion traded in 2024
- 11% of the Egyptian Stock Exchange’s retail volume
- 82% of new investors onboarded via Thndr
- 47% of Egypt’s gold mutual funds managed through the app
Breaking Barriers in Financial Access
What makes Thndr special isn’t just numbers—it’s the impact. The platform is bridging financial gaps by reaching:
- 40% of users outside major cities
- Women investors (growing from 3% to 12%)
These milestones underscore Thndr’s role in promoting financial literacy and inclusion, particularly among underserved communities.
Investor Confidence and Market Readiness
According to Sandeep Bakshi of Prosus Ventures, Thndr’s growth shows a unique combination of innovation, execution, and market fit. “They’re building a product that resonates with a new generation,” he said.
Thndr’s success also comes from building a solid regulatory foundation, holding licenses from:
- Egypt’s Financial Regulatory Authority (FRA)
- Abu Dhabi Global Market’s FSRA (Category 3A retail license)
CEO Vision: One Wallet to Invest in Everything
Thndr’s CEO, Ahmad Hammouda, summarized the company’s vision: “With only 2% of MENA residents investing, it’s time for an inclusive platform that helps people build wealth, make smart decisions, and live freely.”
Thndr aims to be the region’s go-to ‘money app’, offering seamless access to local, regional, and global investment opportunities—all in one account.
Conclusion
Thndr’s latest funding is more than just capital—it’s a vote of confidence in the future of digital investing across MENA. With a strong user base, cutting-edge technology, and a mission-driven approach, Thndr is not just following trends—it’s setting them.
As Thndr expands beyond Egypt, all eyes are on its next moves in the UAE and Saudi Arabia. One thing’s certain: the future of investing in the Middle East is being written now—and Thndr is holding the pen.
