Egypt’s Thndr, the country’s leading investment and fintech platform, has announced the close of a $15.7 million funding round. The round was led by global tech giant Prosus, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and the endowment fund of a top global engineering university, in addition to Egyptian investor Onsi Sawiris.
The announcement came during a first-of-its-kind fintech keynote in Egypt, titled “El Qessa Betkabr” (“The Story is Growing”), where Thndr’s founders and leadership team unveiled a new chapter in the company’s journey — one that signals a shift from a digital brokerage into a comprehensive financial institution built for the region.
“We started Thndr with a big dream,” said Co-founder and CEO Ahmad Hammouda. “This region, this country, can build extraordinary things.”
During the keynote, Thndr revealed two flagship products:
- Thndr Alpha: A guided investing platform tailored for first-time investors. Alpha simplifies the investment journey from goal setting and risk profiling to personalized portfolios including equities, gold, and fixed income. “It’s not just a new feature,” said Hammouda, “it’s the foundation for something much bigger.”
- ThndrX: A high-performance trading platform built by traders for traders. Unveiled by Sergio Zorayan, a former proprietary trader and current product manager at Thndr, the platform was designed with real-time performance, speed, and functionality in mind — crafted by Thndr’s first engineer, Youssef Maged. “Milliseconds matter,” Maged said, underscoring the platform’s precision engineering.
In a further signal of its ambitions, Thndr has officially applied for an asset management license in Egypt, positioning itself to create and manage investment products tailored to the needs of local investors. “We’re not just building an app,” said Chief of Staff Abdelrahman Azzam, “we’re building a full-fledged financial institution.”
With this latest round, Thndr’s total capital raised reaches $37.76 million — a significant war chest that will help the company scale its operations, deepen its product suite, and lead the next wave of fintech innovation in the MENA region.
“This isn’t just capital,” Hammouda emphasized. “It’s a message — that our mission matters.”
Beyond the funding, the keynote marked a milestone in Egypt’s fintech narrative: a Silicon-Valley-style product launch held at the historic Cairo Marriott in Zamalek, attended by over 300 users, partners, and investors — a sign that the region’s investment culture is maturing, and local fintech is ready to lead.
