Cairo-based investment app Thndr has raised $15.7 million to roll out new wealth products and expand beyond stock trading in the Middle East.
The round was led by Prosus, with support from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris. Thndr’s total funding now stands at $37.76 million.
New Products: Thndr Alpha and ThndrX
Thndr Alpha offers goal-based portfolios for beginners, while ThndrX is a desktop platform for advanced traders. Both aim to move Thndr beyond basic brokerage services.
“We’re not just enabling access to markets — we’re helping users build wealth,” said CEO Ahmad Hammouda.
Thndr is seeking an asset management license in Egypt to launch homegrown financial products, and plans to grow its presence across the Gulf after expanding to the UAE last year.
Launched in 2020, the mobile-first platform says 87% of users are first-time investors and 40% are from rural areas — reflecting its push to serve untapped retail markets.
