Thndr Becomes one of Egypt’s First Brokerage Firms to Receive FRA Approval for Full Digital Onboarding Services

Thndr, Egypt’s leading investment platform, is proud to announce its approval by the Financial Regulatory Authority (FRA) to provide e-Identification, e-KYC, digital contracts, and digital registry services. This groundbreaking achievement establishes Thndr as one of the first brokerage firms in Egypt to gain such approval, further advancing its mission to deliver a faster, more seamless, and secure user experience.

Thndr had a strong performance in 2024, becoming Egypt’s leading retail brokerage with a total traded value of EGP 174 billion, capturing 11% of the retail market. It also attracted significant user growth, registering 190.1K new users—representing 82% of all new investors on the Egyptian Stock Exchange (EGX). With the recent approval of the digital license, Thndr is well-positioned to further accelerate growth and expand its reach, making investing even more accessible for Egyptians.

“This milestone reflects Doctor Mohamed Farid and FRA’s forward-thinking and innovative approach to regulation,” said Ahmad Hammouda, CEO of Thndr. “We are thrilled to bring a fully digital onboarding experience to our users, a vision we’ve pursued since our inception. Our heartfelt thanks go to Doctor Mohamed Farid and FRA for their unwavering support and for creating an environment that fosters technological innovation in the financial sector.”

This digital transformation aligns with the FRA’s executive decisions #139, #140, and #141 of 2022, which paved the way for advancements in digital financial services. The close collaboration between Thndr and the FRA has been instrumental in bringing this vision to life.

Enhancing Security and User Experience

Thndr’s digital onboarding process is built on cutting-edge technology that prioritizes user security, protecting personal data against potential threats. This innovation aligns with Thndr’s commitment to providing a robust, secure, and user-friendly platform.

This approval underscores the FRA’s dedication to fostering innovation while maintaining the highest standards of security and regulatory compliance. Thndr’s digital services not only enhance the user experience but also strengthen the integrity of the financial ecosystem.

A Seamless Path to Investment

By leveraging advanced verification technologies, Thndr streamlines the onboarding process while adhering to rigorous regulatory standards. Users can now enjoy a fully digital and hassle-free experience, removing traditional barriers to entry and making investing more accessible for everyone.

This approval represents a major step in Thndr’s journey to becoming the leading investment platform in the MENA region. With a focus on innovation, compliance, and security, Thndr is redefining how individuals engage with investment opportunities.