Egyptian fintech startup Thndr raises $20M to expand across MENA region

Egyptian FinTech Start-up Thundr has raised $20 million for product development and to expand its presence across MENA. Launched in 2020 by Ahmad Hammouda and Seif Amr after it took part in the Silicon Valley-based Y Combinator accelerator, Thndr initially offered users a commission-free, mobile first equities trading platform that makes it easy to invest in stocks, bonds, and funds.
The US$20 million Series A round was co-led by Tiger Global, BECO Capital and Prosus Ventures, with participation from Base Capital, firstminute and existing investors Endure Capital, 4DX Ventures, Raba Partnerships and JIMCO.

Acquisition enables Paysafe to further scale in the high-growth Latin American region, taking advantage of the nascent open banking ecosystem and building on its recent acquisition of PagoEfectivo. Together the two acquisitions are expected to drive multiple cross-selling opportunities across all Paysafe business units, enhancing long term growth prospects.

CDPI Emerging Markets

South African startup ParkUpp, a marketplace that connects owners of parking spaces with companies and individuals who need parking, has been acquired by real estate investment company Docklands Ventures. Initially launched in 2016 with the goal of improving the parking experience for shopping centres, ParkUpp pivoted in 2018 after realising the market was too small and launched with its new model in 2019. It allows property owners to list their parking spaces on the platform for free, with users able to book spaces for short or long periods, pay via... Read More >

CDPI Emerging Markets

Not only do 64% of consumers believe AI will improve and speed CX, CX leaders seem to agree with 42% making the use of AI a top priority. These figures come from a survey by Genesys on the customer service component of CX. While only 11% of consumers rate service as excellent, 63% do say it has been getting better.

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Egyptian fintech startup Thndr raises $20M to expand across MENA region

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