ThNDDR, a digital investment platform based in Egypt designed to simplify the investment, announced the lifting of $ 15.7 million in its latest financing cycle, bringing the total capital raised by Fintech to 37.76 million dollars.
Prosus, a world investment group, led La Ronde, which was supported by Y Combinator, Becco Capital, Endeavour Catalyst, Jimco, Raba and Onsi Sawiris.
THNDR revealed that raised funding will be used to support its regional expansion to water and Saudi Arabia. The platform is currently focusing on the deepening of its operational presence to water while simultaneously lay the foundations for the entrance to Saudi Arabia.
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The investment official, in Europe of Prosus, Sandeep Bakshi, noted that Thnds had transformed access to investment throughout MENA by authorizing investors for the first time with the tools and confidence necessary to participate in the financial system. He explained that the rapid growth of platforms, especially among the young people who are young and ill -served, testifies both to its strength of leadership and its broader mission to build a product that resonates deeply with a new generation, which is increasingly important.
“Hammouda and the ThND team have demonstrated incredible execution in recent years, and we are delighted to double our investment in the company. Like the first donors, we are delighted to support ThNA as they play in Saudi Arabia and beyond. ” Sandeep Bakshi added.
Ahmad Hammouda, CEO and co-founder of Thndr, stressing the ambitious vision of the company, said, said
“Our mission is to provide access to local, regional and international investment products through a portfolio and an account making the investment as transparent and inclusive as possible. With only 2% of investment individuals MENA, we believe that the time is now to create the main monetary application of the region’s investment. ”
Founded in 2020 by Ahmad Hammouda (CEO) and Seif AMR (COO), ThNDR is a digital investment platform which allows users to invest in stocks, bonds and funds in the Middle East thanks to its digital and low-order digital scholarship brokerage.
The idea of a modern and transparent investment solution was fueled by the personal difficulties of its founders to try to open an investment account and work on the sale of an investment bank in 2016. The their vision was to transform the way in which the investment looked in the region, by taking advantage of technology to affect change and work towards a more modern and inclusive system that works for everyone.
Currently, THNDR facilitates access to good tools and resources that can allow investors to achieve financial freedom.
The platform wishes to allow its users to make financial decisions that make sense and that suit them well. In accordance with this, it was deployed;
• Thndr Learn – An educational platform that teaches users everything they need to know about money.
• Thndr Claps – An easy -to -digger financial newsletter delivered daily in their reception box.
• Virtual fashion – A real market simulation so that users practice their risk -free investment skills.
In June 2023, the company made a remarkable realization, exceeding 2 million application downloads. The same year, he reached remarkable milestones, solidifying his position as a leader in industry. With a negotiation volume of $ 1.8 billion and growth of 800% compared to the previous year.
Quick advance until 2024, ThNnds announced its inclusion in the prestigious forbes Middle East Fintech 50 line For 2024. After its renowned success in Egypt, as an investment platform No. 1, it announced its entry into the United Arab Emirates market (water) in May 2024.
The brokerage of securities in Egypt is regulated by the Egyptian financial regulatory authority, and THNDR Financial LTD is regulated by the ADGM financial services regulatory authority. The company is supported by eminent global investors, notably Prosus, Tiger Global,
Becco Capital, and others.
The company that prides itself on the number one investment platform in Egypt by the number of professions is on a mission to democratize investment in the MENA region.
