Thndr Expands to UAE with ADGM License

Egyptian digital investment platform Thndr has expanded its operations to the United Arab Emirates (UAE) after obtaining a Category 3A license with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).

Founded in 2020 by Ahmad Hammouda and Seif Amr, Thndr began as a commission-free, mobile-first equities trading platform. It simplifies investment in stocks, bonds, and funds. The startup was the first to receive a brokerage license in Egypt since 2008 and later introduced mutual fund trading. In February 2022, Thndr secured $20 million for expansion in the MENA region.

With the new ADGM license, Thndr will offer UAE users direct access to US-listed securities, including stocks, exchange-traded funds (ETFs), and fractional shares.

“We at Thndr are thrilled to announce our official entry into the UAE market. We’d like to express our sincere gratitude to the FSRA for their openness and for welcoming Thndr to the UAE’s dynamic financial landscape,” said Salah Kaddoura, UAE general manager at Thndr.

Thndr’s expansion into the UAE is a significant step in its growth strategy, aiming to provide more accessible investment opportunities across the region.