Thndr has raised $20 million in a Series A round co-led by Tiger Global, BECO Capital, & Prosus Ventures. New & existing investors also participated, including Base Capital, firstminute Capital, Endure Capital, 4DX Ventures, Raba Partnerships & JIMCO.
More Details🧐 Thndr’s on a mission to democratize investing across the MENA region.
At Thndr, we’re committed to creating a seamless account opening experience, building an intuitive app, developing our users’ financial literacy, & meeting different investors’ risk appetites by creating an ‘investment supermarket’ with various investment instruments.
Why this Matters🤔 Less than 3% of the MENA population invest in financial assets, compared to up to 50% in Europe & the U.S.
87% of our users are first-time investors, while 40% come from rural areas.
We plan on using the funds to continue adding investment products & expanding across the MENA region.