- Egypt-based fintech Lucky has raised $23 million in a Series B round, combining equity and debt, with participation from Disruptech Ventures, DPI via Nclude, Suez Canal Bank, and OneStop.
- The round also brings strategic involvement from Mohamed Farouk, who joins as Chairman of the Board.
- Founded in 2019 by Ayman Essawy, Lucky provides a consumer credit platform offering cashback, instalments, and flexible financing solutions.
- The funding will support credit product expansion, infrastructure development, and regional growth in North Africa.
- In 2022, Lucky closed its Series A round at $25 million, led by Nclude, PayU, Endeavor Catalyst, Venture Souq, OTF, Arzan Capital and Disruptech.
Press release:
Lucky, a leading financial technology company in Egypt and the Middle East, today announced the successful closing of a $23 million Series B funding round, including a mix of equity and debt. The round was led by existing & new investors, including Disruptech Ventures, DPI Venture Capital via Nclude fund and new strategic participation from Suez Canal Bank and OneStop, chaired by the visionary Tech Investor Mohamed Farouk, who has also been appointed as the Chairman of the Board for Lucky App.
This milestone follows a period of significant growth for the company. After achieving 3x annual growth in 2025 and marking profitability by the end of 2025, Lucky has solidified its position as a leader in consumer credit, aiming to play a significant role in Egypt’s transformation into a digital & financially inclusive economy inline with the Central Bank of Egypt’s vision.
The new capital will support Lucky’s next phase of growth, with a focus on scaling its credit offering, expanding into North Africa, and strengthening its infrastructure, licensing, and regulatory readiness as it moves toward becoming a neo-banking-ready platform.
Mohamed Farouk, who now chairs Lucky’s Board, emphasised the company’s strong growth and vision: “Lucky has demonstrated disciplined growth, strong product-market fit, and a clear vision for inclusive digital finance,” said Farouk. “This investment supports a platform that is well-positioned to be one of the leading players in the next phase of consumer credit and neo-banking in the region.”
“With Mohamed Farouk’s vision, Lucky is well positioned to advance inclusive digital finance,” commented Ayman Essawy, CEO of Lucky. “Financial access is the foundation of progress. This round allows us to scale responsibly, invest in infrastructure, and deepen our impact as regulators unlock digital onboarding and modern payment frameworks across Egypt and the region. Lucky removes complexity from credit and opens it up to more people, leveraging its advanced technology and AI capabilities. With a card that works anywhere and anytime, we help individuals move forward confidently.”
The investment also aligns with broader regulatory tailwinds shaping Egypt’s fintech landscape. Recent advances in digital onboarding, payments infrastructure, and the introduction of PSP licensing mark a turning point for fintech players with proven scale and compliance capabilities. Lucky has already begun work toward PSP licensing, positioning the company to expand its service stack and support more comprehensive digital financial services over time.
Since launch, Lucky has built partnerships across merchants and financial institutions, serving a rapidly growing user base across Egypt. The company plans to leverage this round to enter select North African markets while continuing to enhance its technology, risk infrastructure, and regulatory capabilities.