Cairo-based investment platform Thndr has raised $15.7 million in a fresh funding round, signaling strong investor confidence in its ambition to become a full-service financial institution for the Middle East and North Africa (MENA) region. The round was led by global technology investor Prosus, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris. This new raise brings Thndr’s total funding to $37.76 million, including the $20 million it raised in 2022.
Founded in 2020 by Ahmad Hammouda and Seif Amr, Thndr started as a mobile-first, low-commission digital stock brokerage that enabled everyday users in Egypt and the wider Middle East to invest in local and international stocks, bonds, and funds. Today, the company is deepening its offerings and transforming itself into a more comprehensive wealth-building platform.
The funding announcement came during Egypt’s first-ever fintech keynote event, aptly titled “El Qessa Betkabr” (Arabic for “The Story is Growing”), held at the iconic Cairo Marriott. Attended by over 300 users, investors, and partners, the event served as a launchpad for Thndr’s two newest products: Thndr Alpha and ThndrX.
Thndr Alpha is designed for first-time investors and aims to provide a guided investment experience tailored to individual goals and risk appetites. Users will be able to access curated portfolios that combine local and global asset classes, including equities, fixed income instruments, and even gold. By removing the intimidation factor from investing and simplifying financial decision-making, Thndr Alpha is poised to drive broader financial inclusion.
Meanwhile, ThndrX is a high-performance desktop platform tailored to more advanced users. With a focus on speed, precision, and functionality, ThndrX targets professional traders seeking a more sophisticated interface and deeper market tools.
The keynote also revealed Thndr’s ongoing effort to secure an asset management licence in Egypt, which would mark a significant expansion of its capabilities. Once approved, the licence will allow Thndr to launch and manage its own locally-developed financial products—moving beyond distributing third-party instruments to creating customised investment solutions specifically for regional markets.
“This is not just about giving people access to the market,” said CEO Ahmad Hammouda during the event. “It’s about helping them build long-term wealth, guided by intelligence and powered by local relevance. This is the next chapter for fintech in the region.”
Thndr’s ambitions are regional. Following its expansion into the UAE last year via a Category 3A licence from Abu Dhabi Global Market (ADGM), the platform has demonstrated its ability to navigate regulatory environments and scale across markets. The new funding will further support product development, user acquisition, and regulatory expansion as Thndr strengthens its position in both Egypt and other MENA economies.
As the MENA region experiences a surge in retail investing and fintech adoption, Thndr is positioning itself not just as a broker—but as a trusted partner in long-term financial empowerment for the next generation of investors.
