Cairo - Mubasher: Thndr, an Egypt-based digital investment platform, has raised $20 million in a Series A round, led by Tiger Global, BECO Capital, and Prosus Ventures.
Base Capital and other existing investors comprising Endure Capital, 4DX Ventures, Raba Partnerships, and JIMCO have also participated in the funding round, according to a press release on Wednesday.
Launched in late 2020 by Ahmad Hammouda and Seif Amr, the platform will use the new funding in developing products and expanding its presence across MENA.
The Co-Founder and CEO of Thndr, Ahmad Hammouda, 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."
Meanwhile, the Partner at Tiger Global, Alex Cook, remarked: "The market is lacking a low cost, easy to use platform for investing and saving, and we believe Thndr will deliver best-in-class customer experience as the platform scales."
