Egyptian investment platform Thndr is setting its sights on Saudi Arabia, planning to enter the Kingdom’s market in early 2027. The company has received preliminary approval to operate as a financial brokerage, marking a major step in its regional expansion plans as Saudi Arabia’s capital market continues to grow.
Quick Facts
- Planning Saudi market entry in early 2027.
- EGP 50 billion in total user investments.
- Dropped all commissions on investment funds.
Thndr Secures Preliminary Nod for Saudi Push
Thndr’s move into Saudi Arabia signals its ambition to capture a larger share of the regional fintech market. The preliminary approval is a critical milestone, allowing the company to prepare for its launch in one of MENA’s most active and attractive markets for digital investment platforms. The Kingdom’s rising demand for accessible investment tools provides a significant opportunity for Thndr’s growth outside its home market.
Scrapping Fees to Fuel Egyptian Growth
On the domestic front, Thndr has been experiencing substantial growth, with Egyptian users investing a total of EGP 50 billion (approximately $960 million) through the platform. Investment funds represent a large portion of this activity, accounting for nearly 60% of the total with assets around EGP 30 billion.
To further boost user adoption, Thndr has completely removed its commission on investment funds. The company previously charged a nominal fee of EGP 1 for every EGP 1,000 invested. By eliminating this cost, Thndr aims to make saving and investment products more accessible and attractive to a wider base of investors in Egypt. The platform currently offers funds managed by firms like Mubasher, CI Capital, Beltone, Azimut, and ZALDI Capital.
Prepaid Card on the Horizon
In addition to its regional expansion, Thndr is also broadening its product suite. The company is developing a prepaid card in partnership with Visa and Suez Canal Bank. The launch is contingent on receiving final regulatory approval from the Central Bank of Egypt. Once approved, the card is expected to enable users to perform financial transactions and make instant withdrawals and deposits directly from their Thndr accounts.
About Thndr
Thndr is an Egyptian digital investment platform that provides an easy and accessible way for individuals to invest in stocks, mutual funds, and other financial instruments through its mobile application. The company aims to democratize investing in the MENA region.
Source: Entarabi
