Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others
https://techcrunch.com/2022/02/08/egyptian-investment-app-thndr-nabs-20m-from-tiger-global-prosus-and-others/
The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population, most of them have minimal equity market and investment exposure.
Replicating the success of Robinhood in the U.S., some platforms are looking to create investors out of the region. One such is Egypt-based Thndr. The company has raised a $20 million Series A round to democratize investing in the Middle East and North Africa.