Thndr

Cairo-based digital brokerage whose app lets retail investors buy Egyptian and US stocks, mutual funds, gold and fixed income. Founded by Ahmad Hammouda and Seif Amr, it has raised about $37.8 million and is licensed in Egypt and Abu Dhabi.

Industry: Retail investment and brokerage app | Location: Cairo, Egypt | Founded: 2019 | Total Funding: USD 35.7M

About Thndr

Thndr is a Cairo-based fintech company founded in 2020 by Ahmad Hammouda and Seif Amr. It runs a mobile investing platform, launched in late 2020, through which users can invest in Egyptian listed companies and mutual funds as well as US stocks, with a focus on first-time investors. It is now widening its reach in the Gulf, deepening its presence in the United Arab Emirates while preparing to enter Saudi Arabia and exploring Bahrain. Thndr raised a USD 20 million Series A in February 2022, co-led by Tiger Global, BECO Capital and Prosus Ventures, with Base Capital and firstminute Capital participating. In May 2025 it announced a further USD 15.7 million round led by Prosus Ventures, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, Onsi Sawiris and a US university endowment. Prosus's announcement described it as the group's second investment in the company. Reports put Thndr's total funding at about USD 37.76 million after the round. Third-party databases label the 2025 round a Series B, but the company's announcement did not state the stage. The company said the capital would support expansion into the UAE and Saudi Arabia and product development across MENA. In the UAE, Thndr secured a Category 3A licence with retail endorsement from the Financial Services Regulatory Authority of Abu Dhabi Global Market, and reportedly received the first remote brokerage licence from the Abu Dhabi Securities Exchange. In a December 2025 interview, Hammouda said the company was working to secure a licence in Saudi Arabia; Arab News later reported that no launch timeline had been set while regulatory procedures were completed. He has also said Thndr is in discussions with regulators linked to the Dubai and Bahrain exchanges. In Egypt, the company has obtained asset management and portfolio management licences from the Financial Regulatory Authority, which Hammouda has said will be used to build funds for retail investors. Thndr says it processed more than USD 3.5 billion in traded value during 2024, about 11% of retail traded value on the Egyptian Exchange. It added more than 190,000 new investors that year and says 82% of newly registered Egyptian Exchange investors came through its platform. Arab News reported that assets on the platform had passed EGP 50 billion, roughly USD 960 million. The company has introduced Thndr Alpha for beginners and ThndrX for professional users.

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