Egyptian digital investment platform Thndr has officially expanded its services to the United Arab Emirates (UAE) after acquiring a prestigious Category 3A license with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). This expansion marks a significant milestone for the platform as it brings its innovative investment solutions to a broader audience within the Gulf region.
Founded in 2020 by Ahmad Hammouda and Seif Amr, Thndr quickly gained attention after participating in the renowned Silicon Valley-based Y Combinator accelerator. Initially offering a commission-free, mobile-first equities trading platform, the startup has empowered users by simplifying investments in stocks, bonds, and funds. It became the first company to secure a brokerage license in Egypt since 2008, a notable achievement that set the stage for its rapid growth.
In 2022, Thndr raised US$20 million in a funding round to drive its expansion across the MENA region. Now, its entry into the UAE market further cements its regional ambitions. The acquisition of the Category 3A license allows Thndr to provide users with direct access to US-listed securities, including stocks, exchange-traded funds (ETFs), and fractional shares—making it easier than ever for UAE investors to diversify their portfolios.
“We at Thndr are thrilled to announce our official entry into the UAE market,” said Salah Kaddoura, UAE General Manager at Thndr. “We’d like to express our sincere gratitude to the FSRA for their openness and for welcoming Thndr to the UAE’s dynamic financial landscape.”
As Thndr continues to push the boundaries of digital finance in the region, its expansion into the UAE represents a new chapter in the development of accessible and user-friendly investment tools in the Middle East. Investors in the UAE can now leverage Thndr’s platform to access a wide range of global investment opportunities, underscoring the growing importance of fintech in shaping the future of finance across Africa and the Arab Gulf.
(c) Africangulf.ae
