Egypt's fintech firm Lucky has raised $23m in a Series B round blending equity and debt to accelerate its push into North Africa's consumer credit market. The funding came from Disruptech Ventures and DPI Venture Capital through the Nclude fund, plus new strategic backers including Suez Canal Bank and OneStop. Tech.
Lucky, Egypt's fast-growing fintech company, announced a $23m Series B funding round combining equity and debt. Tech investor Mohamed Farouk joined as Chairman of the Board following the transaction.
The company saw rapid growth last year, reporting a threefold increase in activity in 2025 and reaching profitability by year-end. Its platform offers digital financial services and consumer credit solutions to users across Egypt.
The new capital will scale credit offerings, support geographic expansion, and bolster operational and regulatory infrastructure, including preparations for a Payment Service Provider (PSP) license. CEO Ayman Essawy said the firm aims to broaden access to financial services while deepening investments in technology and infrastructure, particularly as Egypt's regulatory frameworks evolve.
Chairman Mohamed Farouk stated that the investment underscores confidence in Lucky’s growth trajectory and its role in shaping digital finance in the region. Lucky has built partnerships with merchants and financial institutions, serving a growing user base in Egypt, and now plans to enter select North African markets while enhancing technology and risk management capabilities amid regulatory advances in Egypt's fintech sector.