Sponsored Content Egyptian investment platform, Thndr announced on Tuesday that it had secured approval from the country's Financial Regulatory Authority (FRA) to offer fully digital onboarding services, including e-Identification, e-KYC, digital contracts, and digital registry services. This makes Thndr one of the first brokerage firms in Egypt to receive FRA's approval, reinforcing its commitment to providing a seamless, secure, and efficient investment experience. The approval comes on the heels of a highly successful 2024 for Thndr, during which it emerged as Egypt's leading retail brokerage, facilitating 174 billion Egyptian pounds in total traded value and capturing an 11 per cent share of the retail market. The platform also saw exponential growth, adding 190,100 new users—accounting for 82 per cent of all new investors on the Egyptian Exchange (EGX). With its newly granted digital licence, Thndr is poised to further expand its reach and make investing more accessible for Egyptians. The FRA's approval aligns with executive decisions no. 139, 140, and 141 of 2022, which laid the groundwork for advancing digital financial services in Egypt. This regulatory framework has enabled platforms like Thndr to enhance digital accessibility while maintaining strict security and compliance measures. "This milestone reflects Dr. Mohamed Farid and the FRA's progressive approach to financial regulation," said Ahmad Hammouda, CEO of Thndr. "Bringing a fully digital onboarding experience to our users has been our vision since day one. We are deeply grateful to Dr. Farid and the FRA for fostering an environment that encourages technological innovation in the financial sector." The approval reflects "FRA's forward-thinking and innovative approach to regulation," said Ahmad Hammouda, CEO of Thndr. He emphasised the authority and its Chairman Mohamed Farid's "unwavering support and for creating an environment that fosters technological innovation in the financial sector."
