On Monday, Cairo-based digital investment platform Thndr announced a $15.7 million funding round by Prosus Ventures to accelerate its expansion across the Middle East and North Africa (MENA) region. This fresh capital injection boosts Thndr’s total funding to $37.76 million and aims to broaden its product range and geographic reach, especially in the UAE and Saudi Arabia.
Thndr’s new products target both novice and professional Investors
Thndr is not just growing in size but also evolving its offerings. The company unveiled two new platforms: Thndr Alpha, designed to guide first-time investors with innovative, goal-based portfolios combining stocks, gold, and fixed income, and ThndrX, a high-speed trading platform tailored for professional traders seeking advanced tools.
This dual strategy, which serves a wide range of customers, from novices to specialists, represents Thndr’s goal of democratizing investment.
Additionally, Thndr is applying for an asset management license in Egypt, which would allow it to create proprietary investment products tailored specifically for local investors and eliminate reliance on imported financial products. This move signals a shift from a brokerage app to a full-fledged financial institution with more profound local relevance.
Thndr expands to UAE, Saudi with $15.7M
Thndr’s $15.7 million funding round will primarily support its expansion in the UAE and Saudi Arabia, two key markets in the MENA region. The company began its UAE operations in 2024 after securing a Category 3A license with retail endorsement from the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA).
Now, it is preparing to enter the Saudi Arabian market, aiming to replicate its success in Egypt by building trusted and locally relevant investment platforms.
In Egypt, Thndr has already made a major impact. In 2024, it facilitated over $3.4 billion in trades and onboarded over one million users, many of whom were first-time investors outside major cities. The platform accounts for 11 percent of retail traded value on the Egyptian Stock Exchange and has significantly increased female participation, from 3 percent to 12 percent, demonstrating its success in reaching underserved populations.
Sandeep Bakshi, Head of Investments, Europe at Prosus Ventures, praised Thndr’s leadership and mission: “Thndr is transforming access to investing across MENA by empowering first-time investors with the tools and confidence to participate in the financial system. Their rapid growth, particularly among young and underserved populations, underscores both the strength of their leadership and the company’s broader mission”.
Thndr CEO Ahmad Hammouda emphasized the company’s vision: “With only 2 percent of individuals in MENA investing, we believe the time is now to build the region’s leading investment-first money app—a platform that helps people build wealth, make confident decisions, and live life on their own terms”.
This latest funding round and product expansion marks a bold step for Thndr, which aims to reshape how millions in MENA engage with financial markets, making investing smarter, faster, and more accessible.