Tech in Africa
Thndr, is an investment app platform that charges 0% commission fees, requires no minimal deposit amount, gives access to real time news, and easy to setup. Thndr is now an officially registered brokerage company under Egypt’s Financial Regulatory Authority (FRA), License number 804 issued on the 12th of August 2020.
Thndr has simplified the investment process to encourage more investment in stocks, bonds, and funds without hefty commissions or strings attched. Thndr has already opned free trading accounts where users can sign up using the app and get notified once approved.
How to open a Thndr account
- Start by downloading Thndr app then sign up.
- Use a stable internet connection and have your ID.
- Go to the invest screen
- Touch the banner that appears top of your screen.
Note: Thndr subscribers get access to a wide range of investment tools.
“Issuing a license to a tech company is a testament to the regulator’s strong commitment to seek modern methodologies to enhance the investment landscape in Egypt,” said the startup in a statement provided to MENAbytes.
Seif Amr, the co-founder of Thndr, said, “Through Thndr, we are looking to remove all barriers and friction that users face throughout their investment journey – whether it relates to accounting opening, associated costs, access to resources or ease of use. We are starting with Egyptian equities, but we intend to quickly introduce alternative investment options to suit different risk/reward and involvement preferences.”
“We are starting with Egyptian equities, but we intend to quickly introduce alternative investment options to suit different risk/reward and involvement preferences.” said Seif Amr, co-founder at Thndr in the statement
Peter Orth, the co-founder and Managing Partner at 4DX Ventures expressed optimism in Thndr by saying, “Platforms like Thndr have seen great success in other markets across the world, and Thndr is built with keen attention to the local nuances and preferences of the Egyptian investor in mind.”
