Back in 2019, Ahmad Hammouda (Co-Founder & CEO, Thndr) and Seif Amr (Co-Founder & COO) witnessed a significant gap in access to investment opportunities in the Middle East. With low financial literacy, high barriers to entry, and outdated investing platforms, Ahmad foresaw the potential for technology to bridge that gap and empower people to take control of their financial future.
That’s when he laid the foundation for Thndr to make investing accessible, easy, and user-friendly even for a common man through technology, thus letting him/her achieve financial freedom. Ahmad adds, “My main aim was to empower people with the right tools and resources for them to make well-informed decisions about their money and achieve their financial goals. We received the first brokerage license to come out of Egypt since 2008, launched the first and only digital brokerage in Egypt, and currently have more than 1 Million installs”.
More than a Mere Platform!
Thndr is not just a platform, but a tool that can change people’s trajectory and help them make the most out of their money, which can ultimately transform their lives and future. In fact, Thndr is the first digital investment platform in Egypt that is making it easy for people to invest in stocks and funds through a mobile-based and low-commission digital stock brokerage. Ahmad articulates, “For the first time ever, as a normal Egyptian (regardless of where you live or your education), having access to a smartphone is all you need to open an account with Thndr”.
Today, anyone can become an investor in Egyptian stocks and mutual funds without having to leave the comfort of their house with as little as 10 EGP. Thndr not only offers its investors access to the Egyptian stock market, but also an exciting selection of mutual funds that are investment products managed by an expert asset manager so that they don’t have to worry about buying and selling stocks.
Transforming the investing scene in Egypt, Thndr has witnessed the number of new investors in the Egyptian stock market skyrocket with 86% of new signups. In November 2022, the platform stood out as #1 investment platform in Egypt by number of trades. To further augment the reach among people, its dedicated news team publishes daily market news across Egypt, the US, and Saudi Arabia via free newsletters as well as on its ‘Thndr Claps’ platform. The news is written in a way that makes sense to an average reader. Last year, an education team was hired to publish weekly articles and host free sessions that teach people everything they need to know about money and investing.
Having witnessed multiple milestones in a short span of time, Thndr has chalked out its short-term plan to continue growing its user base and investors in the Egyptian stock market. With an aim to become a one-stop investment super app, the company is geared up to unveil new investment products this year. Its long-term goal is to expand beyond Egypt and empower more people to achieve their financial freedom.
"Thndr is not just a platform, but a tool that can change people’s trajectory and help them make the most out of their money, which can ultimately transform their lives and future