The news:
- Thndr raised $15.7 million in a round led by Prosus Ventures, bringing total funding to $37.76 million.
- The company plans to expand its services into the UAE and Saudi Arabia.
- New products include Thndr Alpha for beginners and ThndrX for professional traders. Meanwhile, Thndr is applying for an asset management licence in Egypt to offer proprietary financial products.
Thndr, a Cairo-based digital investment platform, has secured $15.7 million in a funding round led by Prosus Ventures, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris.
This brings Thndr’s total capital raised to $37.76 million. The funds will support its regional expansion into the UAE and Saudi Arabia and the development of new products aimed at novice and experienced investors.
The startup, part of Y Combinator’s Summer 2020 batch, aims to democratise investing in the Middle East and North Africa (MENA) region. The platform offers commission-free trading with no account minimums, allowing users to invest in stocks, bonds, mutual funds, and gold. In 2024, Thndr facilitated over $3.4 billion in trades and added over one million users, many of whom are first-time investors from outside major cities.
Thndr recently unveiled two new products: Thndr Alpha — a guided investing platform for beginners — and ThndrX — a high-performance trading platform for professionals. The company also announced its application for an asset management licence in Egypt, aiming to offer proprietary investment products tailored to local investors.
Thndr’s expansion into the UAE began in 2024 after acquiring a Category 3A licence with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority. The company is now preparing to enter the Saudi Arabian market, seeking to replicate its success in Egypt by building locally relevant and trusted investment platforms.
“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,” Prosus Ventures’ Head of Investments, Europe, Sandeep Bakshi, commented on the investment.
