Huawei Cloud, Thndr to accelerate Egypt's AI-driven fintech innovation. June 19, 2026 The two companies will be working on joint innovation projects using cloud and AI to improve the efficiency and security of digital financial services International Finance Business Desk Chinese tech conglomerate Huawei's cloud arm is deepening its push into the Egyptian financial sector, with Huawei Cloud signing a memorandum of understanding (MoU) with Thndr, one of Egypt's largest digital investment platforms, to expand the use of cloud computing and artificial intelligence (AI) across the North African country's fintech sector. The pact was signed in Cairo on 16 June 2026 at the "Huawei Cloud Fintech Summit" by Jo Xu, chief executive of Huawei Cloud Egypt, and Ahmad Hammouda, co-founder and chief executive of Thndr. Under the MoU, the two companies will be working on joint innovation projects using cloud and AI to improve the efficiency and security of digital financial services. As per Huawei Cloud, the latter is also building a financial-grade AI platform to help institutions adopt AI-driven services. "Since launching our cloud region in Egypt in 2024, we have built a strong foundation that enables organizations to innovate through secure, flexible, and scalable cloud services, accelerating their digital transformation journeys. Over this period, we have seen strong momentum and a series of successes in empowering Egypt's fintech sector. Today, we are building on that momentum through our partnership with Thndr, as we work together to deliver advanced cloud and AI solutions that enhance the efficiency of digital financial services and enable more intelligent, adaptive customer experiences. This collaboration reflects our vision of driving the financial sector toward the next generation of intelligent services while strengthening its competitiveness in a rapidly evolving market," said Xu. Huawei Cloud opened its first large-scale public cloud region in Egypt in 2024. As per the company, the facility has been certified by the National Telecommunications Regulatory Authority (NTRA) under a Tier 3 license and keeps financial data inside Egypt, following the Financial Regulatory Authority's (FRA) localization rules. "At Thndr, our mission is to make investing more accessible, simple, and inclusive for millions of people across Egypt and the region. Achieving this mission requires not only innovation in financial services but also strong technology foundations that can support growth, resilience, security, and an exceptional customer experience. We are pleased to strengthen our collaboration with Huawei Cloud as we continue to scale our platform and explore new opportunities enabled by cloud and AI technologies," said Hammouda, adding that scaling the platform depends on strong technology foundations. With the Thndr deal, Huawei firmly extends its growing presence in Egypt. The Chinese tech conglomerate has already pushed its fiber and 5G infrastructure in the North African country.

Huawei Cloud and Thndr partner on Egyptian fintech. Signed at the Huawei Cloud Fintech Summit in Cairo, the MoU deepens cloud and AI collaboration across the Egyptian financial sector. 17th June 2026 Huawei's cloud arm is deepening its push into the Egyptian financial sector. Huawei Cloud has signed a memorandum of understanding (MoU) with Thndr, one of Egypt's largest digital investment platforms, to expand the use of cloud computing and artificial intelligence across the country's fintech sector. The agreement was signed in Cairo, Egypt, on 16 June 2026 at the Huawei Cloud Fintech Summit, by Jo Xu, chief executive of Huawei Cloud Egypt, and Ahmad Hammouda, co-founder and chief executive of Thndr. What the partnership covers. Under the MoU, the two companies plan to work on joint innovation projects using cloud and AI to improve the efficiency and security of digital financial services. Huawei Cloud said it is also building a financial-grade AI platform to help institutions adopt AI-driven services. Discover more Company News Mobile Phones "Since launching our cloud region in Egypt in 2024, we have seen strong momentum in empowering Egypt's fintech sector," said Xu. He said the Thndr partnership would extend that work into more advanced cloud and AI services. Built on a local cloud region. Huawei Cloud opened its first large-scale public cloud region in Egypt in 2024. The company says the facility is certified by the National Telecommunications Regulatory Authority (NTRA) under a Tier 3 licence, and that it keeps financial data inside Egypt in line with the Financial Regulatory Authority's (FRA) localisation rules. "Our mission is to make investing more accessible, simple and inclusive for millions of people across Egypt and the region," said Hammouda, adding that scaling the platform depends on strong technology foundations. The deal extends Huawei's growing presence in Egypt, where it has also pushed fibre and 5G infrastructure. It lands amid fast change in African fintech, from new payment-licensing regimes to a continent-wide data-centre build-out that is reshaping where financial data lives. As an MoU, the partnership sets intent rather than firm commitments; the test will be which projects follow. Oluniyi D. Ajao is an Internet Entrepreneur and Tech Enthusiast. Follow him on X (fka Twitter) @niyyie for more tech updates. Discover more Technology News Cell Phones

Thndr ranks #1 as Africa's fastest-growing companies 2026, becoming the first Egyptian company to lead the Statista & Financial Times ranking. Cairo, Egypt - 13 may 2026. Thndr, Egypt's leading retail investment platform, has ranked #1 on the Financial Times Africa's Fastest-Growing Companies 2026, becoming the first Egyptian company in the ranking's five-year history to claim the top spot. Compiled by the Financial Times in partnership with Statista, the ranking identifies Africa's fastest-growing businesses, evaluated across three metrics: absolute revenue growth, compound annual growth rate (CAGR), and employee growth between 2021 and 2024. Thndr ranked the first, ahead of companies from South Africa, Kenya, Nigeria, and across the continent. Since launch, Thndr has now grown to over 5.5 million downloads, with over 75-80% of users investing for the first time. The company has also maintained its position as Egypt's #1 retail investing platform for three consecutive years. S Harris Financial As one of the first fully digital onboarded investment platforms in Egypt, Thndr is now becoming the primary investment account for everyday individuals, offering stocks, gold, savings products, fixed income, and investment funds directly from their phones through a simplified, education-driven experience. Thndr now accounts for around 18% of EGX equity trading value and 40% of EGX total order volume, processing more than 200,000 trades per day, up from 50,000 a year ago. The platform's reach extends well beyond Egypt's major cities, with more than 40% of users based outside Cairo and Alexandria. The average user is around 30 years old, and 12% of users are female. The recognition comes as Thndr continues its regional expansion, following its launch in Abu Dhabi in 2025 as the first remote broker on ADX and its recent plan to expand to Saudi Arabia. At a time when only around 0.5% of Egyptians invest, Thndr's long-term mission remains focused on making investing more accessible and helping build a more financially empowered generation across the Arab world. About Thndr. Thndr is the #1 investment platform in Egypt, home to over 5.5 million users across the Arab region. It offers a simple, fully digital way to save and invest in stocks, mutual funds, gold, and savings products, all in one place. The platform provides seamless access to the Egyptian Exchange (EGX), Abu Dhabi Securities Exchange (ADX), and the US exchanges, enabling users to invest across markets with ease. In the UAE, Thndr is the first and only remote broker licensed by ADX. Thndr's mission is to democratize investing and make it accessible to every individual across the MENA region. Discover more Trust Services Financial Advisory Services EP Wealth Advisors