Egypt Greenlights Digital Brokerage Revolution with Telda, Beltone, and Thndr

Editorial Team

Last updated 20-03-2025

2 min

Egypt's Financial Regulatory Authority licenses Telda, Beltone, and Thndr as digital stock brokers.

These fintechs will offer fully online services, including digital verification and onboarding.

The move aligns with Egypt's digitalisation drive and aims to simplify online investing.

Expected benefits include lower costs, quicker processes, and improved accessibility for investors.

Investment activity in the MENA region is booming, with significant funds raised by startups.

Egypt’s Financial Regulatory Authority (FRA) has approved licences for three fintechs—Telda, Beltone and Thndr—to operate as fully digital stock brokerage firms. This latest move aims to make investing on the Egyptian stock market simpler and far more accesible, particularly for the younger generation familiar with technology.

According to the FRA's decision, these fintech startups can now offer fully online brokerage services that include digital verification of customers, electronic onboarding procedures, digital contract execution, and online record-keeping. Telda and Beltone are set to team up with Vlens—a registered specialist in outsourcing brokerage processes. Meanwhile, Thndr has chosen to join forces with Valify Solutions for customer verification and onboarding, handling the other digital tasks in-house.

Behind the FRA’s decision is a bigger plan rooted firmly in Egypt's digitalisation drive, partly spurred by Law No. 5 of 2022. This legislation encourages fintech products and solutions to be integrated into traditional, non-banking sectors, creating easier pathways for ordinary people to invest online without ever needing to drop by a brokerage office or sign piles of paperwork.

It's hoped this digital shift will mean lower costs (always welcome news!), quicker processes, better accessibility for new or previously underserved investors, and more trustworthy transactions. Ultimately, this could make Egypt’s financial landscape more attractive and efficient overall.

It's worth mentioning that investment interest and activity is booming in the MENA region. Just this February, startups across the Middle East and North Africa managed to raise over $494 million. Clearly, fintechs aren't the only ones catching eyes (and wallets).

If you're keen to learn more about how technology is reshaping industries across the region, it might be worth checking out the upcoming RiseUp AI Summit happening at Cairo Business Park by Misr Italia Properties. Scheduled for February 4th, it promises fascinating discussions and insights directly from leading industry experts and entrepreneurs.

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