Transaction Summary
Prosus Ventures (Prosus) has announced that it led a $15.7 million post-Series A funding round in Thndr, a digital investment platform operating across the Middle East & North Africa (MENA) region. This marks Prosus’ second investment in Thndr, following a $20 million Series A round in 2022. The round also included participation from BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and The Raba Partnership. Thndr offers a mobile-first platform for commission-free trading with no account minimums, making local and U.S. stocks, mutual funds, gold, and savings products accessible to a wide range of investors. The new capital will support Thndr’s expansion into Saudi Arabia and the UAE, accelerate product development for both novice and professional investors, and facilitate its application for an asset management licence in Egypt. This deal reflects deep investor conviction in Thndr’s vision, growth, and profitability.
Terms
- Fund Managers: Prosus Ventures, ECO Capital, JIMCO Capital, Endeavor Catalyst,
