Africa-Press – Eswatini. Thndr, a digital investment platform based in Cairo, has raised $15.7 million in a funding round led by Prosus Ventures, with contributions from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris. This latest round brings Thndr’s total funding to $37.76 million. The capital will be used to fuel its regional expansion into the UAE and Saudi Arabia, as well as to develop new products tailored for both novice and experienced investors.
As a participant in Y Combinator’s Summer 2020 batch, the startup’s mission is to democratise investing across the Middle East and North Africa (MENA) region. Its platform provides commission-free trading without account minimums, enabling users to invest in stocks, bonds, mutual funds, and gold. In 2024, Thndr processed more than $3.4 billion in trades and welcomed over one million new users, many of whom are first-time investors from outside the major urban centres.
Recently, Thndr introduced two new offerings: Thndr Alpha, a guided investing platform designed for beginners, and ThndrX, a high-performance trading platform aimed at professional traders. The company also disclosed its application for an asset management licence in Egypt to offer proprietary investment products customised for local investors.
Thndr began its expansion into the UAE in 2024 after securing a Category 3A licence with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority. It is now preparing to enter the Saudi Arabian market, aiming to replicate its success in Egypt by building trusted, locally relevant 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,” said Sandeep Bakshi, Head of Investments, Europe at Prosus Ventures, commenting on the investment.
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