- Thndr secures Category 3A license with retail endorsement from ADGM FSRA.
- Thndr UAE entry provides direct access to US-listed stocks, ETFs, and fractional shares.
Egyptian digital investment platform Thndr has officially expanded its services to the United Arab Emirates (UAE) after acquiring a Category 3A license with retail endorsement from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).
Launched in 2020, Thndr initially provided a commission-free, mobile-first equities trading platform, simplifying investments in stocks, bonds, and funds.
The startup, notable for being the first company to receive a brokerage license in Egypt since 2008, expanded its offerings to include mutual fund trading.
In February 2022, Thndr secured a US$20 million funding round aimed at expanding across the MENA region. The recent acquisition of the Category 3A license marks Thndr’s official entry into the UAE market.
Thndr will offer direct access to US-listed securities, including stocks, exchange-traded funds (ETFs), and fractional shares. Salah Kaddoura, UAE general manager at Thndr, expressed excitement about the expansion, thanking the FSRA for their support and welcoming attitude.
