إنت عربي
- Lucky raises $23M Series B to expand digital credit services across Egypt and North Africa
- The round was led by Disruptech Ventures and DPI Venture Capital via the Nclude Fund, with participation from Suez Canal Bank and OneStop.
Egypt-based fintech platform Lucky has closed a $23 million Series B funding round, combining both equity and debt financing, to accelerate its next phase of growth in Egypt and selected North African markets.
The round was backed by a mix of existing and new investors, including Disruptech Ventures and DPI Venture Capital through the Nclude Fund, alongside strategic participation from Suez Canal Bank and OneStop, led by technology investor Mohamed Farouk, who will assume the role of Chairman of the Board.
Lucky reports 200% annual growth in 2025
The funding follows a period of strong momentum for the company, with Lucky recording 200% year-on-year growth during 2025.
The company also reached profitability by the end of the year, reinforcing its position as one of Egypt’s leading consumer credit and digital finance players.
This performance comes as Egypt continues to advance toward a more financially inclusive digital economy, aligned with the broader direction of the Central Bank of Egypt’s fintech and payments strategy.
Expansion into North Africa and digital banking
The fresh capital will support Lucky’s next growth stage, with a focus on:
- Expanding its consumer credit services
- Entering selected North African markets
- Strengthening infrastructure, licensing, and regulatory readiness
- Building a fully integrated digital banking platform
The company aims to create a seamless digital financial ecosystem that enables users to manage their financial resources more efficiently.
Leadership comments on growth strategy
Mohamed Farouk, Chairman of Lucky, said:
“Lucky has achieved balanced growth built on a deep understanding of market needs, alongside an ambitious vision to advance digital financial inclusion”.
He add:
” This investment reflects strong investor confidence in the company’s ability to become one of the leading players in the next phase of consumer credit and digital banking across the region.”
Meanwhile, Ayman Essawy, CEO of Lucky, said:
“Lucky is playing an active role in driving inclusive digital finance, as access to financial services remains a cornerstone of economic progress”.
He add:
” This round gives us the ability to expand strategically, invest in infrastructure, and deepen our market impact alongside Egypt’s evolving regulatory landscape.”
He added that Lucky continues to focus on simplifying access to credit for a broader user base, leveraging advanced technologies and AI capabilities, while offering a flexible payment card that can be used anytime and anywhere.
PSP license and regulatory momentum
The investment also comes amid rapid regulatory developments in Egypt’s fintech ecosystem, particularly in payments infrastructure and digital onboarding frameworks.
Lucky has already initiated the process of obtaining a Payment Service Provider (PSP) license, a move expected to significantly strengthen its digital payments expansion plans.
Since its launch, the company has built broad partnerships with merchants and financial institutions, enabling it to serve a rapidly growing user base across Egypt.
Looking ahead, Lucky plans to use the new funding to expand into select North African markets, while continuing to enhance its risk management systems, proprietary technology stack, and compliance capabilities.
