The company aims to target both novice and professional investors in these new markets, enhancing its user base and service offerings.

In addition, Thndr is in the process of acquiring an asset management license in Egypt to create and manage proprietary financial products tailored for local investors.

Thndr, a Cairo-based fintech startup, has successfully raised $15.7 million in a funding round led by Prosus Ventures, bringing its total funding to $37.76 million.

This new funding will be instrumental in expanding Thndr's operations in the UAE and Saudi Arabia, as well as developing new investment products tailored for various investor levels.

Having begun its expansion into the UAE in 2024 after obtaining a Category 3A license from the Abu Dhabi Global Market, Thndr is now preparing to enter the Saudi Arabian market.

Recently, Thndr launched two new platforms: Thndr Alpha, designed for beginners, and ThndrX, aimed at experienced traders, enhancing its service offerings.

Thndr democratizes investing in the MENA region by offering commission-free trading with no account minimums for stocks, bonds, mutual funds, and gold.

In 2024, Thndr facilitated over $3.4 billion in trades and gained over one million users, many of whom were first-time investors from smaller cities.

The company's commitment to fintech innovation was highlighted at a recent keynote event in Cairo, attended by over 300 users, investors, and partners.

CEO Ahmad Hammouda emphasized that Thndr aims to help users build long-term wealth with intelligence and local relevance, marking a shift from basic broking to comprehensive financial services.

Sandeep Bakshi from Prosus Ventures praised Thndr for its rapid growth and its mission to empower first-time investors in the financial system.

Thndr Alpha offers tailored portfolios based on individual goals and risk appetite, while ThndrX focuses on speed and performance for advanced trading.