Thndr Obtains Asset Management Licenses from the Financial Regulatory Authority

Thndr, the fast-growing Egyptian fintech startup, has taken a significant step in strengthening its ability to design and manage investment products tailored for individual investors. The leading digital investment platform in the Middle East and North Africa announced that it has obtained asset management and portfolio management licenses from Egypt’s Financial Regulatory Authority (FRA).

A Defining Milestone
Securing these licenses marks a defining milestone in Thndr’s mission to make wealth-building simple, affordable, and accessible to everyone. Today, more than 431,000 Egyptians invest in mutual funds through the Thndr app, making it one of the most prominent digital distributors of professionally managed investment products in the Egyptian market.

With the new licenses, Thndr is preparing to launch its own suite of low-cost digital funds designed to achieve practical, real-life financial goals that match the needs of modern investors. The company is set to announce its first self-managed fund in 2026.

Expanding Access to Mutual Funds
This move builds on Thndr’s four-year journey to expand access to mutual funds based on a clear vision: a large segment of individuals seeks to benefit from investment opportunities but lacks the time or the expertise to manage their portfolios daily.

Mutual funds address this need by allowing individuals to entrust their money to licensed, regulated professional managers who oversee large portfolios worth hundreds of millions—and sometimes billions—on their behalf.

Strong Growth Momentum
Since launching mutual fund products on its platform, Thndr has witnessed exceptional growth, reflecting a clear shift in the saving and investment patterns of Egyptians. Assets under management in mutual funds distributed through Thndr surged to EGP 8 billion as of 19 November 2025, up from EGP 575 million in January 2024 and EGP 1.2 billion in November 2024.

Demand continues to rise across gold, fixed-income, and equity categories. The AZG Gold Fund alone attracted more than 110,000 investors, while Thndr’s fixed-income fund—known as “Clouds Savings Fund”—recorded EGP 2.46 billion in investments. Over the past year, Thndr doubled the number of funds available on its platform from 12 to 30, making it one of the most diverse and comprehensive investment platforms for retail investors in Egypt.

Investment Tools for Modern Investors
This growing momentum reflects the rising demand for simple, professionally managed investment tools that align with realistic financial goals. With the newly acquired asset management licenses, Thndr is now strategically positioned to launch a new generation of investment products directly, with a strong customer-centric focus that prioritizes accessibility, competitive fees, and a smooth user experience.

This expansion is led by Dalia Shafik, the newly appointed Head of Asset Management, who brings over 20 years of experience managing some of Egypt’s most successful investment funds. Shafik will oversee the development, governance, and operation of Thndr’s upcoming investment products, ensuring the delivery of innovative and reliable solutions that meet the expectations of today’s investors.

Digital Channels Leading the Shift
Commenting on the announcement, Ahmed Hammouda, Co-Founder and CEO of Thndr, said: “Historically, mutual funds in Egypt were designed to serve institutions as the primary consumer. Over the past five years, we have worked closely with asset managers to democratize access to these products through digital channels, giving individuals the same opportunities institutions enjoy. Obtaining these licenses is the natural next step. It enables us to build funds specifically designed for individuals from day one. Thndr aims to deliver the best investment experience at the lowest possible cost, and this achievement brings us one step closer to that goal.”

He added, “Thndr has proven that individual investors are looking for powerful yet simple tools. The next phase of our journey focuses on designing these tools ourselves—reflecting real human needs and practical financial goals.”

Leadership in the Market
Thndr’s move into asset management builds on its strong market presence. In 2024, the company executed 15.6 million trades with a total value of EGP 174 billion, capturing 11% of Egypt’s retail market share and attracting 82% of new retail investors registered on the Egyptian Exchange. With more than 4 million registered users, Thndr continues to be Egypt’s most comprehensive digital gateway for investment.

Source: Press Release