To obtain regulatory permissions for its intended acquisition of Just Eat Takeaway.com NV, Prosus NV has suggested selling a portion of its ownership in Delivery Hero SE.
Reports claim that the European Commission has pushed Amsterdam-based Prosus to drastically cut or sell off its 27 percent stake in the German food delivery business. At the moment, Delivery Hero's biggest stakeholder is Prosus.
It is said that no firm decisions have been made on the precise share of the stock that Prosus may sell. The Naspers Group of South Africa controls the Dutch technology investor.
Additionally, Prosus Ventures, along with The Raba Partnership, BECO Capital, JIMCO Capital, Endeavor Catalyst, and Y Combinator, led a $15.7 million investment round in Thndr, the premier digital investment platform in the MENA region.
Prosus has now invested in Thndr for the second time, demonstrating our deep faith in the company's mission, product development, and capacity to promote financial inclusion on a large scale. Thndr's regional development, beginning with Saudi Arabia and the United Arab Emirates, will be aided by this fresh funding.
Thndr, which was established in 2020 by Ahmad Hammouda and Seif Amr, was the first business in Egypt to be granted a new brokerage license in more than ten years. It currently has licenses from the Abu Dhabi Global Market (ADGM) FSRA as well as the Financial Regulatory Authority (FRA) in Egypt.
With a total traded value of EGP 174 billion, or 11 percent of the retail traded value, Thndr has cemented its position as Egypt's top retail brokerage on the Egyptian Stock Exchange (EGX). 190.1K new investors joined the market using the platform, which was the entrance point for 82 percent of all newly registered investors on the EGX. Thndr currently makes up 47 percent of the assets managed in gold mutual funds.
Notably, 40 percent of users now originate from outside of large cities, and female involvement on the site rose from three percent to 12 percent demonstrating a definite success in reaching underserved communities.
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However, Thndr is more than just an app for brokerages. Through a single, compliant account, it offers a growing range of investment goods, such as Egyptian and U.S. stocks, mutual funds, gold, and savings tools, along with an intuitive user interface, financial education, and simplified news. In order to enhance user experience and product efficiency, the company is also investigating AI-driven personalization, customization, and proactive risk management.