Thndr, the Egyptian digital investment platform, announces a new $20 million series A investment. The round was co-led by Tiger Global, BECO Capital and Prosus Ventures, in addition to participation from Base Capital, firstminute and existing investors Endure Capital, 4DX Ventures, Raba Partnerships and JIMCO.
The new funding will go towards product development and to expand Thndr’s presence across MENA.
Ahmad Hammouda, Co-Founder and CEO of Thndr, said: “We are building an investment supermarket for MENA consumers to access relevant investment products. With a focus on financial literacy, we equip investors with the knowledge to make self-directed investment decisions. We pride ourselves in being agents of change in the investment sector, and staying true to our mission of democratising investing for everybody in the region. The support from leading global investors is a significant endorsement to our strategy and the very clear market opportunity in the region. We’re thrilled to announce this new funding to continue pioneering wealthtech in the region.”
