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.

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