Egypt-based fintech platform Lucky has raised $23 million in a Series B round, combining equity and debt, as it doubles down on its ambition to become a leading neo-banking player across North Africa.
The round saw participation from both existing and new investors, including Disruptech Ventures and DPI Venture Capital via the Nclude Fund, alongside strategic backing from Suez Canal Bank and OneStop, chaired by tech investor Mohamed Farouk, who now joins Lucky as Chairman of the Board.
The funding follows a breakout year for Lucky, which reported 3x annual growth in 2025 and reached profitability by year-end, reinforcing its position as a key player in Egypt’s rapidly evolving consumer credit landscape.
With fresh capital in hand, the company plans to scale its credit products, expand into North African markets, and strengthen its regulatory and infrastructure stack as it transitions toward a neo-banking-ready platform.
Chairman Mohamed Farouk highlighted Lucky’s trajectory, pointing to its “disciplined growth, strong product-market fit, and clear vision for inclusive digital finance,” positioning the company for the next wave of fintech innovation in the region.
CEO Ayman Essawy emphasised the broader mission: expanding access to financial services through technology. “Financial access is the foundation of progress,” he noted, adding that the new funding will enable Lucky to scale responsibly while investing in infrastructure and AI-driven capabilities.
The raise comes amid strong regulatory momentum in Egypt, including advancements in digital onboarding, payment infrastructure, and PSP licensing frameworks. Lucky has already begun working toward securing a PSP license, a move that could unlock a broader suite of digital financial services.
Since its launch, the company has built a growing network of merchant and financial institution partnerships, serving a rapidly expanding user base across Egypt. The Series B will also support its regional expansion strategy, starting with select North African markets.
