Thndr, a digital investment platform based in Cairo, has reportedly raised $15.7m in new funding to support its regional expansion efforts.
The round was led by Prosus Ventures and joined by Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, along with participation from a prominent U.S. university endowment, according to a report from Wamda. This brings Thndr’s total capital raised to $37.76m since its inception.
Founded in 2020 by Ahmad Hammouda and Seif Amr, Thndr enables users in the Middle East to invest in local and international stocks, mutual funds, bonds, and other financial instruments through a low-cost, mobile-first platform.
With this fresh injection of capital, Thndr plans to deepen its operational footprint in the UAE and accelerate its entry into the Saudi Arabian market. The company aims to replicate its Egyptian success by offering locally tailored investment products that appeal to underserved and first-time investors in the region.
Thndr has become a leading player in Egypt’s retail investing space, claiming an 11% share of retail trading volume on the Egyptian Stock Exchange (EGX) in 2024, with a traded value of $3.5bn. It has also been the entry point for 82% of new EGX retail investors, onboarding over 190,000 individuals last year. Thndr holds 47% of assets under management in local gold mutual funds and has seen a sharp rise in female participation, growing from 3% to 12%, alongside broader access for users outside major cities.
Prosus Ventures head of investments, Europe, Sandeep Bakshi said, “Hammouda and the Thndr team have demonstrated incredible execution over the past few years, and we are thrilled to be doubling down on our investment in the company.
“Thndr is transforming access to investing across MENA by empowering first-time investors with the tools and confidence to participate in the financial system—building a product that resonates deeply with a new generation and is becoming increasingly important. Their rapid growth, particularly among young and underserved populations, underscores both the strength of their leadership and the company’s broader mission. As early backers, we’re thrilled to support Thndr as they scale into Saudi Arabia and beyond.”
Thndr CEO Ahmad Hammouda said, “Our mission is to provide access to local, regional, and international investment products through one wallet and one account—making investing as seamless and inclusive as possible. With only 2% 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.”
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