What does Thndr do?
Thndr is a digital investment platform that offers a variety of financial products such as local and U.S. stocks, gold, mutual funds, and savings options, aiming to empower individuals in the MENA region to take control of their financial futures.
How much did they raise?
The company raised $15.7M in a funding round led by Prosus Ventures with participation from BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and other investors.
What are their plans for the money?
Thndr plans to use the funds to expand its operations regionally, with a strategic focus on the UAE and Saudi Arabia, which could significantly enhance financial accessibility and investment opportunities in the area.
What have they achieved so far?
Since its founding in 2020, Thndr has raised a total of $37.76M and secured crucial regulatory licenses from Egypt's FRA and the ADGM FSRA, marking important milestones in its journey to revolutionize retail investment in the MENA region.
