Lucky Secures $23 Million Series B to Scale Credit Across North Africa

Egypt-based fintech company Lucky has raised $23 million in a Series B round combining equity and debt, as it looks to expand its credit services and strengthen its regulatory positioning.

The round included participation from Disruptech Ventures and DPI Venture Capital through the Nclude fund, alongside strategic investors Suez Canal Bank and OneStop.

As part of the transaction, Mohamed Farouk, Chairman of OneStop, has been appointed Chairman of Lucky’s board.

The company said the funding will be used to scale its consumer credit offering while investing in infrastructure, licensing and regulatory readiness, as it works towards building a neo-banking platform.

Lucky reported threefold annual growth in 2025 and said it reached profitability by the end of the year, positioning itself within Egypt’s expanding digital finance sector.

The company has begun preparations to obtain Payment Service Provider licensing, supported by developments in digital onboarding and payments infrastructure. It has also built partnerships with merchants and financial institutions to serve a growing user base.

“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,” said Ayman Essawy, CEO of Lucky.

The investment comes as Egypt advances its digital finance framework under the oversight of the Central Bank of Egypt, with fintech firms positioning for the next phase of consumer credit and digital banking services.