Latest news with #Thndr
CairoScene
2 days ago
- Business
- CairoScene
Dawarha Sah Ep04: Ahmed Hammouda is Changing How Egyptians Invest
What happens when you try to change how a whole population invests their money? Thndr's founder Ahmed Hammouda has a plan. Jun 30, 2025 For episode four, we sit down with Ahmed Hammouda, co-founder and CEO of Thndr, Egypt's groundbreaking digital investment platform aiming to democratize access to financial markets across the region. Hammouda breaks down what it really takes to build a licensed fintech from the ground up in one of the world's most tightly regulated industries, and why he believes the future of financial inclusion in MENA starts with education, trust, and cultural change. We talk breaking investment taboos, why financial literacy isn't taught in schools, and the ambition behind building the most impactful financial institution in the Middle East. From raising $15.7M to expanding into Saudi and the UAE, Hammouda gets real about risk, vision, and how startups can survive investor pressure without losing the plot. Hosted by government relations consultant Dania Ghoneim, Dawarha Sah is the go-to podcast for entrepreneurs, investors, and business leaders navigating Egypt's evolving startup landscape. Stream the episode now on Spotify or Anghami, or watch the full episode below.
Zawya
7 days ago
- Business
- Zawya
Egypt: Thndr rolls out Alpha to support first-time investors
Arab Finance: Thndr, an investment platform operating in the MENA region, has launched Thndr Alpha, a new product aimed at helping users take their first step into investing through a simplified, guided experience, as per an emailed press release. Alpha is intended for individuals who want to begin investing but are uncertain about how to start, a common concern among Thndr's user base. In 2024, Thndr facilitated the entry of over 190,000 new investors into the Egyptian Exchange (EGX), accounting for 82% of all new retail investor registrations that year. With Alpha, the company is expanding its focus on making investment options more accessible and easier to navigate. Thndr Alpha offers a personalized process where users answer three questions related to their goals, risk tolerance, and time horizon. Based on these inputs, they receive a suggested Starter Pack, a pre-selected portfolio that includes equities, gold, and fixed income assets. The portfolios are generated by Rumble, Thndr's in-house investment engine. Each recommendation includes an explanation to help users understand the purpose of each asset and how it aligns with their stated preferences. Users also have the option to adjust their portfolios, review past performance, and invest directly through the Thndr app. Alpha is now available to all Thndr users, with additional features and guided options expected to be introduced later this year. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
CairoScene
24-06-2025
- Business
- CairoScene
Dawarha Sah Ep04: Ahmed Hammouda is Changing How Egyptians Think About
What happens when you try to change how a whole population invests their money? Thndr's founder Ahmed Hammouda has a plan. Jun 24, 2025 For episode four, we sit down with Ahmed Hammouda, co-founder and CEO of Thndr, Egypt's groundbreaking digital investment platform aiming to democratize access to financial markets across the region. Hammouda breaks down what it really takes to build a licensed fintech from the ground up in one of the world's most tightly regulated industries, and why he believes the future of financial inclusion in MENA starts with education, trust, and cultural change. We talk breaking investment taboos, why financial literacy isn't taught in schools, and the ambition behind building the most impactful financial institution in the Middle East. From raising $15.7M to expanding into Saudi and the UAE, Hammouda gets real about risk, vision, and how startups can survive investor pressure without losing the plot. Hosted by government relations consultant Dania Ghoneim, Dawarha Sah is the go-to podcast for entrepreneurs, investors, and business leaders navigating Egypt's evolving startup landscape. Stream the episode now on Spotify or Anghami, or watch the full episode below.
Zawya
20-05-2025
- Business
- Zawya
Empowering millions: $15.7mln raise sets the stage for accelerated GCC growth
Dubai, UAE — Thndr, the leading retail investment platform in the MENA region, announced during its debut keynote event, its second major investment round, raising an additional $15.7 million, bringing its total current capital to $37.76 million. The round was led by Prosus Ventures, with participation from The Rabacap Partnership, BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and a prominent U.S. university endowment, among other new global investors. These funds will now be strategically deployed to support Thndr's regional expansion — with both the UAE and Saudi Arabia as key priority markets. Thndr is currently focused on deepening its operational presence in the UAE, while simultaneously laying the groundwork for entry into Saudi Arabia. The goal is to replicate its success in Egypt across the broader region by building locally relevant, trusted investment platforms. Since inception, Thndr has been on a mission to democratize investing and improve financial literacy across MENA. The platform provides seamless access to a range of investment instruments including local and U.S. stocks, gold, mutual funds, and savings products, helping millions take control of their financial futures. In 2024, Thndr solidified its position as Egypt's leading retail brokerage on the Egyptian Stock Exchange (EGX), achieving a total traded value of $3.5BN, 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. In gold mutual funds, Thndr now accounts for 47% of all assets under management. Notably, 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. Speaking about the investment, Sandeep Bakshi, Head of Investments, Europe at Prosus, said, '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.' '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,' said Ahmad Hammouda, CEO of Thndr. '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.' Hisham Jazzar, Saudi General Manager shared '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.' Thndr has already built a strong regulatory foundation, holding a license from the Financial Regulatory Authority (FRA) in Egypt and a Category 3A license with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). *Thndr was advised by VCL as its legal counsel throughout the fundraising process. About Thndr Thndr is one of MENA's first fully digital investment platforms, simplifying and democratizing investing for over 4 million users. The platform empowers investors through access to Egyptian and U.S. stocks, gold, mutual funds, and savings products. Founded in 2020 by Ahmad Hammouda and Seif Amr, Thndr secured the first brokerage license issued in Egypt since 2008 and currently holds regulatory licenses from both the FRA (Egypt) and ADGM (UAE). To date, Thndr has raised a total of $37.76 million from global venture capital firms, including Tiger Global, Rabacap, Prosus Ventures, BECO Capital, and Y Combinator. For more information, visit The Thndr app is available on the Apple App Store and Google Play. For media inquiries, please contact: [Salma Shahin] | [salma@
Fintech News ME
20-05-2025
- Business
- Fintech News ME
Egypt's Thndr Raises $15.7M to Expand Investment Platform in MENA
Thndr, a Cairo-based digital investment platform, has raised US$15.7 million in new funding to support its regional expansion across the Middle East and North Africa. The round was led by Prosus Ventures, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, as well as a major US university endowment. This brings Thndr's total funding to US$37.76 million since its founding in 2020. Founded by Ahmad Hammouda and Seif Amr, Thndr allows users in the region to invest in local and international stocks, mutual funds, bonds, and other financial products through a mobile-based platform designed to lower barriers to entry. With this new capital, the company plans to expand its presence in the United Arab Emirates and enter the Saudi Arabian market. Thndr aims to introduce locally relevant investment products to attract first-time and underserved investors. In Egypt, the platform has grown to represent 11% of retail trading volume on the Egyptian Stock Exchange (EGX) in 2024, with a traded value of US$3.5 billion. It was the starting point for 82% of new retail investors on the EGX last year and onboarded more than 190,000 individuals. Thndr also manages 47% of assets in local gold mutual funds. Female participation on the platform increased from 3% to 12%, with greater uptake among users outside major cities. Thndr CEO, Ahmad Hammouda said, '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 percent 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.'
