Prosus Ventures announced it has led a $15.7 million investment round in Thndr, the MENA region’s leading digital investment platform, along with The Raba Partnership, BECO Capital, JIMCO Capital, Endeavor Catalyst, and Y Combinator. This marks Prosus’ second investment in Thndr and reflects our strong belief in the company’s vision, product execution, and ability to drive financial inclusion at scale.
Since the company’s initial investment, Thndr has solidified its position as Egypt’s leading retail brokerage on the Egyptian Stock Exchange (EGX). It has achieved a total traded value of EGP 174 billion, accounting for 11% of the retail traded value.
The platform served as the entry point for 82% of all newly registered investors on the EGX, adding 190.1K new investors to the market. Thndr now accounts for 47% of all assets under management in gold mutual funds. And female participation on the platform increased from 3% to 12%, and 40% of users now come from outside of major cities—marking a clear success in reaching underserved populations.
However, Thndr is more than a brokerage app. And it combines intuitive UX with financial education, simplified news, and an expanding suite of investment products—including Egyptian and U.S. equities, mutual funds, gold, and savings tools—all delivered through a single, compliant account. The company is also exploring AI-driven personalization, customization, and proactive risk management to improve user experience and product efficiency.
This new funding will support Thndr’s regional expansion, starting with Saudi Arabia and the UAE. Launched in 2020 by Ahmad Hammouda and Seif Amr, Thndr was the first company to receive a new brokerage license in Egypt in over a decade. It now holds licenses from the Financial Regulatory Authority (FRA) in Egypt and the Abu Dhabi Global Market (ADGM) FSRA.
KEY QUOTES:
“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.”
Sandeep Bakshi, Head of Investments, Europe at Prosus
“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.”
Ahmad Hammouda, CEO of Thndr
“Returning from Silicon Valley to Riyadh, I was driven by a desire to channel my experience into value-driven solutions for my country. Saudi Arabia’s financial literacy gap is a significant challenge, and traditional approaches have fallen short. Thndr’s innovative, tech-driven model offers a scalable solution that aligns with the scale of the national problem. I’m thrilled to join a team committed to breaking down barriers to investing and empowering Saudis to actively participate in our nation’s economic transformation.“
Hisham Jazzar, Saudi General Manager
