The round was led by Prosus Ventures and included participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris.

With this new capital, Thndr’s total funding now stands at $37.76 million.

The company plans to use the funds to grow its presence in the United Arab Emirates and Saudi Arabia, while also launching new tools for both beginner and experienced investors.

Since its launch as part of Y Combinator’s Summer 2020 batch, Thndr has been on a mission to make investing more accessible across the Middle East and North Africa (MENA).

Its platform offers commission-free trading with no minimum deposit, allowing users to invest in a wide range of assets, including stocks, bonds, mutual funds, and gold.

In 2024 alone, Thndr processed trades worth over $3.4 billion and attracted more than one million users. Many of these users are new to investing and come from areas beyond major urban centers.

To meet the needs of a growing user base, Thndr introduced two new offerings: Thndr Alpha, designed to help beginners with guided investing, and ThndrX, a professional-grade trading platform for experienced users.

The company has also applied for an asset management license in Egypt, aiming to provide local investors with custom investment products.

Thndr began its UAE expansion in 2024 after obtaining a Category 3A license with retail endorsement from the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM).

The startup is now gearing up to launch operations in Saudi Arabia, aiming to build reliable and locally tailored platforms similar to what it has achieved in Egypt.

Commenting on the funding, Sandeep Bakshi, Head of Investments for Europe at Prosus Ventures, praised the company’s impact:

“Thndr is making investing more accessible across the MENA region, especially for young people and those traditionally excluded from financial services. Their fast growth shows the strength of their leadership and the value of their mission,” he said.