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Thndr

YC S20

Cairo, EG · Founded 2019 · 235 employees · 19 known investors

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Thndr is a mobile investment platform that allows users to invest in Egyptian and international stocks, mutual funds, and gold. The platform is designed for retail investors in Egypt seeking to build wealth through accessible investment products.

Also known as Axis Markets B.V. · Axis Markets · Axis Markets, Thndr, thndr

FintechEgyptMiddle East and North AfricaPartly Remote

Founders & leadership· Y Combinator alumni (S20)

Thndr was founded in 2019 by Ahmad Hammouda and Seif Amr.

AHAhmad Hammouda
Ahmad HammoudaCo-Founder & CEOAhmad Hammouda is a CFA member with a BA in Business Administration. He served as General Manager for Uber Egypt from 2017 to 2019, and previously held a Vice President role in investment banking advising on major capital market transactions. He co-founded Apron, a cloud kitchen platform in Egypt.
SASeif Amr
Seif AmrCo-Founder & COO2020–2025Seif Amr previously worked in investment banking and later in operations at Uber before founding Thndr.

Investors · 19

A'Z Angelslisted by A'Z AngelsLos Gatosvia Amr Abdelaziz · inferred

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

JIMCOlisted by JIMCOSt. Helier

How we know: JIMCO's portfolio page · Y Combinator's founder network · Not right? Tell us

LoftyInc Capitallisted by LoftyInc CapitalHouston

How we know: LoftyInc Capital's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

MSA Novolisted by MSA NovoSingapore
Olive Tree Capitallisted by Olive Tree CapitalBoston

How we know: Olive Tree Capital's portfolio page · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Plus VClisted by Plus VCAbu Dhabi · $100K – $500K

How we know: Plus VC's portfolio page · Y Combinator's founder network · Not right? Tell us

The Raba Partnershiplisted by The Raba PartnershipCape Town · $50K – $5M

How we know: The Raba Partnership's portfolio page · Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · menabytes.com · open dataset · 5k.vc investor directory · Not right? Tell us

Abdul Latif Jameel General Technology VenturesreportedDubai

How we know: Y Combinator's founder network · Not right? Tell us

Base CapitalreportedCape Town · $500K – $5M

How we know: Y Combinator's founder network · Not right? Tell us

BECO CapitalreportedDubai

How we know: techcrunch.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Endure CapitalreportedAmsterdam

How we know: Y Combinator's founder network · Not right? Tell us

firstminute capitalreportedLondon · $1.3M – $3.8M

How we know: Y Combinator's founder network · Not right? Tell us

Global VenturesreportedDubai · $1M – $3M

How we know: Y Combinator's founder network · open dataset · 5k.vc investor directory · Not right? Tell us

MSA CapitalreportedGrand Cayman

How we know: Y Combinator's founder network · Not right? Tell us

Prosus VenturesreportedAmsterdam

How we know: techcrunch.com · menabytes.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Tiger Global ManagementreportedNew York · $1M – $100M

How we know: techcrunch.com · menabytes.com · Y Combinator's founder network · Not right? Tell us

TTMreported

How we know: Y Combinator's founder network · Not right? Tell us

Funding

SEC filings, press & company announcements

$31.4M disclosed across 2 of 3 rounds · 2022–2025

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

2 people who came through Thndr went on to found or lead other companies.

Ali MokhtarAdvisorFounded ImpactynGeorge FahmySecurity ConsultantFounded Stakpak

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Companies working in the same space as Thndr.

Legal entities · 1

corporate structure
Axis Markets B.V.

In the news

Egypt-based Thndr raises $15.7 million in funding round, now raised a total $37.76 milliontechnext24.com · Jun 2025Egyptian FinTech Thndr secures $15.7m to scale digital investing across MENAfintech.global · Jun 2025Egyptian investment platform Thndr raises $15.7m funding round for expansion - Disrupt Africadisruptafrica.com · May 2025Egypt's Thndr raises $15.7 million to expand beyond brokerage with new wealth management productsmenabytes.com · May 2025Egypt-based Thndr raises $15.7 million in funding round, now raised a total $37.76 milliontechnext24.com · May 2025Thndr Raises $15.7M in Fundingfinsmes.com · May 2025Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others – TechCrunchtechcrunch.com · Feb 2022

Frequently asked questions

What does Thndr do?
Thndr is a mobile investment platform that allows users to invest in Egyptian and international stocks, mutual funds, and gold. The platform is designed for retail investors in Egypt seeking to build wealth through accessible investment products.
Who founded Thndr?
Thndr was founded by Ahmad Hammouda, Seif Amr in 2019.
Who are Thndr's investors?
Thndr's investors include 4DX Ventures, A'Z Angels, JIMCO, LoftyInc Capital, MSA Novo, Olive Tree Capital, Plus VC, The Raba Partnership and 11 more.
How much funding has Thndr raised?
Thndr has disclosed $31.4M raised across 2 of its 3 known rounds.
Where is Thndr headquartered?
Thndr is headquartered in Cairo, EG.