Cairo - Mubasher: Lucky, a leading fintech platform in Egypt and the Middle East, has closed a $23 million Series B funding round, including a mix of equity and debt, according to a press release.
The new funding will focus on scaling Lucky’s credit into North Africa, and strengthening infrastructure and regulatory readiness toward neo-banking.
The round was backed by a mix of existing and new investors, including Disruptech Ventures, DPI Venture Capital via the Nclude fund, Suez Canal Bank, and OneStop, headed by Mohamed Farouk, who has also been appointed as the Chairman of Lucky App.
The funding comes after a strong growth phase, with Lucky achieving threefold annual growth in 2025 and reaching profitability by year-end, reinforcing its position in Egypt’s consumer credit market.
Farouk said: “Lucky has demonstrated disciplined growth, strong product-market fit, and a clear vision for inclusive digital finance.”
“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,” the new Chairman added.
For his part, Ayman Essawy, the CEO of Lucky, stated: “With Mohamed Farouk’s vision, Lucky is well positioned to advance inclusive digital finance. 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."
The CEO emphasized: “Lucky removes complexity from credit and opens it up to more people, leveraging its advanced technology and AI capabilities.”
The transaction also aligns with ongoing regulatory developments in Egypt, including digital onboarding, payments infrastructure upgrades, and the rollout of PSP licensing.
Lucky has already started preparations to obtain a payment service provider (PSP) license, which would allow it to expand its suite of digital financial services.
