THE MIDDLE EAST’S

18. Thndr

Description: Digital investment platform
Headquarters: Egypt
Date of Establishment: 2020
Founders: Ahmad Hammouda, Seif Amr

Thndr allows users to invest in Egyptian stocks, gold, and mutual funds in addition to the U.S. stock market. It has more than 2.6 million app downloads and 133,500 active users as of December 2023 and achieved a trading volume of $1.8 billion in 2023, an 800% growth compared to 2022. In 2023, Thndr allowed investing in 24k gold on the platform through AZ Gold fund, obtained a research license, and launched a sister brand called Rumble to provide investment recommendations. It contributed to 19% of all online orders that took place on the Egyptian Exchange in 2023. Thndr plans to launch in the U.A.E. in 2024.