نورهان فؤاد
Egyptian investment platform Thndr is preparing to enter the Saudi market in early 2027 after receiving preliminary approval to operate as a financial brokerage in the Kingdom.
The move marks an important step in Thndr’s regional expansion strategy, as Saudi Arabia continues to attract fintech companies and digital investment platforms amid the growth of its capital market and rising demand for accessible investment solutions.
Thndr has seen significant growth in Egypt, with total investments by Egyptian users through the platform reaching EGP 50 billion, equivalent to around $960 million. Investment funds account for nearly 60% of this amount, with assets worth approximately EGP 30 billion.
The platform currently allows users to invest in funds managed by several firms, including Mubasher, CI Capital, Beltone, Azimut, and ZALDI Capital.
Thndr Removes Investment Fund Commission
As part of its efforts to make investment products more accessible, Thndr has removed its commission on investment funds.
The company previously charged EGP 1 for every EGP 1,000 invested in funds. By removing this fee, Thndr aims to make savings and investment products more attractive to users and expand its investor base.
The company’s growth comes alongside a broader expansion in Egypt’s investment fund market. Net assets of investment funds in Egypt rose to EGP 410.6 billion by the end of March 2026, compared with around EGP 316 billion at the end of December 2025, supported by the launch of new funds and a growing number of investors.
The number of investment funds operating in the Egyptian market also increased to 187 funds by the end of the first quarter of 2026, compared with 172 funds at the end of the previous year.
Thndr Plans Prepaid Card Launch
Thndr is also working on launching a prepaid card in cooperation with Visa and Suez Canal Bank, pending regulatory approval from the Central Bank of Egypt.
The planned card is expected to allow users to carry out financial transactions, as well as instant withdrawals and deposits, once the required approvals are secured.
The planned Saudi market entry, the removal of fund investment fees, and the prepaid card initiative reflect Thndr’s broader push to expand its financial services offering and strengthen its position as a regional digital investment platform.
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