Thndr Secures $15.7M from Prosus to Drive Fintech Innovation in Egypt

Editorial Team

Last updated 19-05-2025

3 min

Thndr secures $15و7 million from Prosus and other top investors, boosting its growth.

CEO Ahmed Hammouda sees this funding as validation of Thndr's important mission in fintech.

Thndr introduces "Thndr Alpha" for beginners and "Thndr X" for seasoned traders.

Plans are underway to expand into asset management, transforming Thndr into a full financial institution.

With over four million users, Thndr aims to solidify its presence in Egypt's fintech sector.

Egyptian financial technology startup Thndr has just bagged an impressive $15.7 million in its latest investment round, grabbing the spotlight once again thanks to major backing from global tech investor Prosus.

Prosus, a well-known heavyweight when it comes to investing in tech firms, led this funding round and was joined by quite a lineup of familiar faces. Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and even an endowment fund from one of the world's leading engineering universities stepped in to back the Egyptian startup. Notably, prominent Egyptian investor Nassef Sawiris also jumped aboard to give Thndr his support.

During a speech at Egypt's first major fintech conference, Thndr’s CEO and co-founder Ahmed Hammouda described the funding boost as "far more than just cash—it sends a message that our mission matters." The latest round raises Thndr’s total investment so far to $37.76 million, highlighting its fast-growing presence in Egypt’s financial market.

At the same event, Hammouda announced the launch of two fresh products aimed at very different sides of the trade: "Thndr Alpha," a user-friendly investment platform to guide beginners through their first moves, and "Thndr X," offering an advanced trading experience tailored specifically for seasoned professionals. Additionally, the company is officially applying to Egypt's financial authorities for a licence to venture into asset management.

These strategic steps mark a clear move towards Thndr shifting gear from being purely a trading platform towards becoming a comprehensive financial institution. The startup now boasts over four million users and aims to deepen its mark in the region’s quickly evolving financial sector.

As anyone following Egypt’s rapidly expanding startup scene would agree—like regular readers might recall from previous mentions on Arageek—this latest injection of funds looks set to give Thndr's ambitions a major leg-up, particularly as fintech continues to reshape the way Egyptians save, invest, and trade.

Mind you, as exciting as the fintech landscape is—rapid investments, shiny new platforms, top-tier backers—it's certainly not smooth sailing all the way. Keeping ahead in such a crowded market is quite the challange, but Thndr seems ready to weather it. And from Cairo's buzzing cafes in Zamalek to traders sipping their morning tea along the Nile's busy promenades, plenty will be closely watching Thndr’s next moves.

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