Egypt’s fintech Thndr secures $20m in Series A round

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Updated 09 February 2022
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Egypt’s fintech Thndr secures $20m in Series A round

RIYADH: Egyptian fintech and digital investment platform Thndr has secured $20 million in its Series A fund round.

The fund will be used to build a so-called ‘investment supermarket’ for consumers in the Middle East and North Africa region, Magnitt reported, citing Ahmad Hammouda, co-founder and CEO of the firm.

“The support from leading global investors is a significant endorsement of our strategy and the very clear market opportunity in the region,” he emphasized.

The funding round was led by US investment firm Tiger Global, UAE venture capital group BECO Capital, and Netherland’s Prosus Ventures.

Launched in 2020, Thndr is a mobile first equities trading platform that aims to facilitate the process of opening and managing investment accounts in the MENA region as well as aiding the process of investing in stocks, bonds, and funds.


Stc partners with Qiddiya as Six Flags official connectivity provider

Updated 22 December 2025
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Stc partners with Qiddiya as Six Flags official connectivity provider

RIYADH: Saudi stc Group has announced its partnership with Qiddiya as the official connectivity partner for the Six Flags theme park, providing telecom services, smart city solutions, and an integrated digital infrastructure in line with global standards, coinciding with the park’s official opening.

Under the partnership, stc will deliver an advanced digital ecosystem to enhance visitors’ experiences at Qiddiya, offering high-performance connectivity and smart technologies to facilitate entry and manage visitor flow within the park, ensuring a seamless and safe experience.

The collaboration reflects stc’s commitment to providing advanced digital infrastructure that supports Qiddiya’s ambitions and elevates the visitor experience.

By leveraging smart connectivity, smart city technologies, and innovative payment solutions, stc aims to deliver an integrated and streamlined experience across the destination.

The initiative also highlights stc’s role in supporting the tourism and entertainment sectors with world-class digital infrastructure that aligns with Saudi Arabia’s vision and future goals.