19 May 2025
Prosus Leads $15.7M Round in Thndr to Power the Next Chapter of Retail Investing in MENA
Prosus Ventures today announced it has led a $15.7 million investment round in Thndr, the MENA region’s leading digital investment platform, alongside 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 our initial investment, Thndr has solidified its position as Egypt’s leading retail brokerage on the Egyptian Stock Exchange (EGX), achieving 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. 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.
But Thndr is more than a brokerage app. 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.
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.”
This new capital will support Thndr’s regional expansion, starting with Saudi Arabia and the UAE. Founded 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 both the Financial Regulatory Authority (FRA) in Egypt and the Abu Dhabi Global Market (ADGM) FSRA.
“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.“
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, Prosus Ventures, BECO Capital, and Y Combinator.
For more information, visit https://Thndr.app.
About Prosus
Prosus is a global technology company, unlocking an AI-first world for our 2 billion customers. With investments in more than 100 companies across the world, we are building local ecommerce champions in growth markets.
With leading positions in Food Delivery, Classifieds and Fintech, Prosus has created its own unique technology ecosystem, driving innovation, knowledge sharing and growth across our portfolio.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture and more.
The team actively backs exceptional entrepreneurs who are using technology to improve people’s everyday lives.
To find out more, please visit www.prosus.com.