THE MIDDLE EAST’S

8. Thndr
Description: Investment platform
Headquarters: Egypt
Date of Establishment: 2020
Founders: Ahmad Hammouda, Seif Amr
Thndr allows users to invest in Egyptian stocks, gold, and fixed-income funds in addition to the U.S. stock market. It achieved a trading volume of $4.2 billion in 2024, with a 132% growth compared to 2023. It added a Shariah-compliant alternative to the funds on the platform in 2024 and launched return analytics to help users track and analyze their investment performance. It also extended its operations to the U.A.E. with a plan to expand into Saudi Arabia. Thndr captured an 82.5% share of new investors in the Egyptian Exchange in 2024, with a total of 190,100 out of 230,500 new codes.