At Thndr we believe that investing should be easy and accessible to everyone. We started our journey to democratize investment in the region by removing commissions, account opening minimums, and launching an intuitive platform with a focus on education. This way investing opportunities can be attainable to all, no matter their income level or expertise.
Thndr is an investment platform that aims to democratize access to investing for everyday individuals in MENA. For the people who use Thndr, our app represents a seamless way for them to achieve financial independence and growth, without the need to have prior financial knowledge or access to huge capital.
The company was formed to primarily address 2 problems: 1) Existing products are not relevant and 2) Financial literacy is low. We’re looking to solve this by focusing on education, offering a seamless and intuitive product, removing barriers and building an investment supermarket.
We launched in Egypt in late 2020 and currently allow our users to learn, connect & invest in the Egyptian Exchange, Egyptian mutual funds and the US Stock Market.
The journey ahead will be long and painful - it’s not everyday that you solve a basic societal necessity and at the same time change cultural norms. But the reward will be priceless. In our short journey we’ve validated this, as illustrated by these key figures:
- 96% of our investors are investing for the 1st time through Thndr.
- 54% come from outside of capital cities and have previously had limited access to financial institutions.
- 86% of new stock market investors in Egypt during 2022 came through Thndr.
- #1 platform in terms of local trades with 25% of EGX trades happening through Thndr.
We recently raised our Series A and our next steps as a company include the following:
- Continuing to focus on building the infrastructure. Sadly, existing solutions are outdated and don’t cater to scalable business.
- Expanding beyond Egypt and into the rest of MENA. We’d like to extend our impact to all Arabic speakers.
- Adding more products for people to invest in. To be relevant, we believe that we need to cater to all walks of life.
We’re still in the very early stages of our story, but we know for a fact that we won’t stop until everyone in MENA has equally opportunity to generate and grow their wealth in an ethical manner.
What You'll Do
- Maintain a holistic risk management strategy and instill policies and processes in-line with applicable regulations and management directions.
- Facilitate the discovery and aggregation of risks from all sides of the organization including financial risk, operational risk, IT risk, cybersecurity risk and strategic risk.
- Collaborate with the leadership to establish and maintain the risk profile, risk appetite and ensure that risk limits are set and monitored effectively within all parts of the organization.
- Analyze, assess, categorize and document risks in an accurate risk register.
- Collaborate with other departments to ensure that risk management practices are integrated into all processes.
- Lead the development and execution of risk treatment plans and controls to minimize the exposure of risks to the agreed upon limits.
- Provide input into the company’s strategic directions based on risks.
What You'll Need
- Good knowledge of risk evaluation frameworks.
- Familiarity with multiple ways for risk reporting.
- Proven experience in starting a risk management program from scratch.
- Can absorb business goals and think strategically about risk evaluation.
- Correct evaluation of risk without hyper-inflation or over-simplification.
- Capable of driving a risk-driven culture within teams.
- Can conduct investigations to elaborate risks.
- Can instill process through a culture of collaboration and shared responsibility.
- Very keen attention to the details.
- Can create documented processes with proficiency.
- Good relationships building, conflict resolution and negotiation skills.
At Thndr, we’re looking for people invigorated by our mission, not just those who simply check off all the boxes. We’re looking for people that are hungry to become agents of change and that understand the huge responsibility associated with dealing with people’s money.