Thndr Scales Up With Alpha, ThndrX, And Fresh Funding

Cairo-based digital investment platform Thndr has closed a US$15.7 million Series A round, bringing its total current capital to $37.76 million.

The investment was led by global technology investment powerhouse, Prosus. Endeavor Catalyst, the investment arm of the global entrepreneurship network Endeavor, also participated, along with JIMCO (Jameel Investment Management Company), the venture capital arm of the KSA-based family business Abdul Latif Jameel. Other investors included MENA-based early-stage VC BECO Capital, Raba, a US-based investor focused on emerging markets, Silicon Valley startup accelerator Y Combinator, and the endowment fund of an engineering university. 

Founded by Ahmad Hammouda and Seif Amr in Egypt in 2020, Thndr empowers investors with access to Egyptian and U.S. stocks, gold, mutual funds, and savings products. Talking about Thndr's fundraise to Inc. Arabia, Hammouda, who serves as the company's CEO, said, “The capital will fuel three big priorities: deepening our product offering, expanding regionally (starting with Saudi and the UAE), and unlocking new asset classes through licensing. A major focus will also be on further strengthening our tech infrastructure—to ensure that we’re delivering faster, more reliable experiences at scale across different user types and markets.” 

He added, “But it’s not just about money—the investors we’ve brought in believe in long-term infrastructure plays and share our ambition to build a generation-defining fintech. They bring operational expertise, regulatory understanding, and networks across MENA that will accelerate our next phase.” 

Thndr announced the investment as it hosted Egypt's first-ever fintech product keynote, titled “El Qessa Betkabr—A Bigger Story to Tell,” on May 17, 2025. The event brought together over 300 of Thndr’s top users and a live panel discussion on the future of wealth building in the region, gathered at the Cairo Marriott in Zamalek, bringing together prominent investors and financial leaders. The investment app used the occasion to also announce the launch of ThndrX, a professional-grade trading platform, the debut of Thndr Alpha, a guided investing tool designed for everyday investors, as well as its application for an asset management license. 

One of Thndr's key niches since it launched in the market in 2020 has been its educational outreach programs. In an interview with Inc. Arabia in 2024, Hammouda explained that the majority of its users were first-time investors, with more than 50 percent coming from cities outside of Cairo. 

The launch of Thndr Alpha is thus specifically designed to help first-time investors navigate the process, with Hammouda telling us that guided investing remains an underserved area. “Most first-time investors in Egypt and the region are left to figure things out on their own. We noticed a clear trend: people were downloading the app, eager to start, but then pausing—unsure what to do next or where to put their money,” he said. 

That lack of clarity, he emphasized, is what Thndr Alpha aims to address. “Alpha is designed to remove the guess work," Hammouda explained. "It’s a step-by-step guide that makes investing feel accessible, not intimidating. While it starts with curated journeys for common goals, it will become increasingly personalized over time, adapting to each user’s behavior, goals, and risk appetite.” 

In a move that allows the platform to cater equally to seasoned investors, the company also announced the launch of ThndrX, based on an observed a shift in Thndr’s user base over the past few years, with a growing segment of highly active users who treat trading as a craft rather than a casual activity. “The move to launch ThndrX recognizes that not all investors are the same. Traders are a different type—they require more precision, insight, and speed,” he shared. 

He added that ThndrX was developed to serve these experienced users by delivering a platform optimized for speed, control, and real-time performance. “Just like we built Alpha to guide first-timers, we wanted to make sure we’re also serving the needs of experienced traders. ThndrX is a performance-first platform with a sharper interface, real-time data, and features that allow them to trade with confidence and control—all while staying on a platform they already trust.” 

As for the company's move to apply for an asset management license, Hammouda shared that it reflects both a market need and a strategic shift in how Thndr wants to serve its users. "There’s a clear gap in locally relevant, professionally managed products that speak to today’s retail investor. But it’s also about owning more of the value chain—so we can innovate faster, reduce fees, and offer end-to-end experiences that feel modern, relevant, and accessible. With the license, we plan to launch a range of locally domiciled funds tailored to different financial goals and risk profiles," he concluded.

Pictured in the lead image is a scene from Thndr's “El Qessa Betkabr—A Bigger Story to Tell,” event in Egypt. Image courtesy Thndr.