Empowering Millions: Thndr”s $15.7M Raise Fuels Ambitious GCC Expansion
Thndr, the MENA region’s fastest-growing retail investment platform, announced the successful close of a $15.7 million funding round during its debut keynote event in Abu Dhabi. This latest raise brings Thndr’s total capital to $37.76 million, positioning the company for accelerated expansion across the Gulf Cooperation Council (GCC), with a focus on the UAE and Saudi Arabia.
The round was led by Prosus Ventures and included participation from BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and a major U.S. university endowment, among other prominent global investors.
Thndr plans to strategically deploy this funding to deepen its operations in the UAE and pave the way for market entry into Saudi Arabia. The company aims to replicate its breakout success in Egypt—where it has revolutionized access to investing—by building localized, trusted, and intuitive financial platforms across the region.
Democratizing Access to Investment
Founded with a mission to democratize investing and enhance financial literacy in the MENA region, Thndr provides commission-free access to a broad suite of financial products, including local and U.S. equities, mutual funds, gold, and savings tools—all via a single, user-friendly app.
In 2024, Thndr solidified its dominance as Egypt’s leading retail brokerage, capturing 11% of the retail trading volume on the Egyptian Stock Exchange (EGX) and facilitating $3.5 billion in total traded value. Remarkably, 82% of newly registered investors on the EGX in 2024 joined the market through Thndr, adding over 190,000 first-time investors. The platform has also emerged as a leader in gold mutual funds, managing 47% of assets under management in that segment.
Thndr's mission has extended beyond access to impact: female participation on the platform has quadrupled—from 3% to 12%—and 40% of users now hail from outside Egypt’s major cities, reflecting the company's reach into underserved populations.
Investor Confidence and Strategic Vision
Sandeep Bakshi, Head of Investments, Europe at Prosus, commented on the round:
“Hammouda and the Thndr team have demonstrated incredible execution over the past few years, and we are thrilled to double down on our investment. Thndr is reshaping access to investing across MENA—empowering a new generation of first-time investors and achieving deep market penetration. Their momentum, particularly among youth and underserved communities, speaks volumes about their leadership and vision.”
Ahmad Hammouda, CEO and Co-Founder of Thndr, added:
“Our mission is simple—one wallet, one account, access to all markets. We are building the region’s first investment-first money app that empowers individuals to grow their wealth and live life on their own terms. With only 2% of MENA’s population actively investing, the opportunity is enormous—and the time is now.”
Built for Scale and Trust
Thndr’s regulatory credentials are already strong. In Egypt, the platform holds a license from the Financial Regulatory Authority (FRA), and in the UAE, it is licensed under Category 3A with retail endorsement by the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA).
As Thndr looks to scale its fintech footprint across the GCC, this fresh capital and clear mission signal a transformative new chapter for retail investing in the region.