Thndr expands into the UAE Market after ADGM approval

Thndr expands into the UAE Market after ADGM approval

Egypt-based fintech Thndr has expanded its services to the UAE after acquiring a Category 3A license with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). 

Thndr will initially provide direct access to US-listed securities, including stocks, Exchange Traded Funds (ETFs) and fractional shares, with no minimum investment requirements.

Founded in 2020 by Ahmad Hammouda and Seif Amr, Thndr is a digital investment platform that allows its users to invest in stocks, bonds, and funds in the Middle East through its mobile-based and low-commission digital stock brokerage. 

According to Thndr, it observed a trading volume of $1.8 billion in 2023. As of April 2024, Thndr accounted for 8.5% of all retail transactions in the market.

Press release:

Thndr, the MENA region's mobile-first investment platform, today announced its market entry into the United Arab Emirates (UAE), after it’s renowned success in Egypt, as the #1 investment platform. This significant step is enabled by the acquisition of a Category 3A license with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). Thndr will initially provide direct access to US-listed securities, including stocks, Exchange Traded Funds (ETFs) and fractional shares, with no minimum investment requirements and plans on