Thndr Securities Brokerage has received approval from Egypt’s Financial Regulatory Authority (FRA) to operate as a licensed brokerage firm utilizing financial technology for electronic identity verification and client authentication, Invest-Gate reports.

This milestone positions Thndr among the first brokerage firms in Egypt to obtain such authorization, reinforcing its mission to offer a seamless and secure digital investment experience.

Thndr recorded strong performance in Egypt’s retail brokerage sector in 2024, with total trading volumes reaching EGP 174 bn, securing an 11% market share. The platform also experienced robust user growth, adding 190,100 new users, representing 82% of all new investors on the Egyptian Exchange (EGX). With its recent digital licensing approval, Thndr is well-positioned to accelerate expansion and enhance accessibility for investors.

Ahmed Hamouda, CEO of Thndr, highlighted the significance of the approval, stating: “This milestone reflects the forward-thinking and innovative approach of FRA Chairman Mohamed Farid and the authority in regulating the non-banking financial sector. We are excited to offer a fully digital investment experience that aligns with our vision from the beginning.”

This digital transformation aligns with FRA regulations No. 139, 140, and 141 of 2023, which have paved the way for advancements in financial services. Thndr’s digital onboarding process leverages advanced security measures to protect user data while ensuring compliance with regulatory standards, further strengthening its position as a leading investment platform in the Middle East and North Africa.