Thndr Analysis: $20M Raised
What is Thndr?
Thndr is a financial app that simplifies investing in stocks, gold, and mutual funds in Egypt, empowering users towards financial independence.
Employees
235
Founded
2019
Revenue
$31.2M
ZoomInfo
Product Features & Capabilities
- Egyptian Stocks, Equity Funds, Savings Funds, Gold, Effortless account opening, Intuitive investing platform, Flexible funding methods, Investing simulator, Learn platform.
Pricing
- Thndr Spark: EGP 25 per month
- Thndr Express Egypt: EGP 100 per month
- Free Trial: One-month free trial available for new subscribers
How much Thndr raised
Series A - $20 million
February 7, 2022Lead Investor: Tiger Global, BECO Capital, Prosus Ventures
Who are the founders of Thndr
AH
Ahmad Hammouda
Co-founder, CEO
Business Model
Revenue from transactional fees, custody fees, and distribution fees from asset managers.
Market Focus
Thndr primarily focuses on the financial services industry, specifically as an app-based investment platform that allows users to invest in stocks, bonds, and funds.
Competitors Overview
Thndr operates in the MENA region's wealthtech sector, primarily competing with Baraka and Sarwa.
- Baraka: Founded in 2020, Baraka targets millennial retail investors and allows trading on the US stock exchange. It emphasizes financial education and offers a low commission structure. Baraka
Investors
- Tiger Global Management
- Prosus Ventures
- 500 Startups
- A15
- AUC Angels
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