Cairo, Egypt – April 8, 2026 — Egypt-based fintech Lucky announced a $23 million Series B funding round, blending equity and debt, to scale credit offerings and expand into North Africa. Led by Disruptech Ventures and DPI Venture Capital via Nclude, with participation from Suez Canal Bank and OneStop, the funds will enhance infrastructure and neo-banking readiness. This follows 3x growth and profitability in 2025.
Announcement Specifics
Lucky, founded in 2019 by CEO Ayman Essawy, operates a consumer credit platform offering cashback, installments, flexible financing, and payment cards. The $23 million round brings total funding to over $48 million since its $25 million Series A in 2022. Funds target credit scaling, North African market entry, product expansion, and regulatory preparation for neo-banking, including a payment service provider license.
Stakeholder Perspectives
“With Mohamed Farouk’s vision, Lucky is well positioned to advance inclusive digital finance. 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. Lucky removes complexity from credit and opens it up to more people, leveraging its advanced technology and AI capabilities. With a card that works anywhere and anytime, we help individuals move forward confidently.”
— Ayman Essawy, CEO at Lucky
Why it matters: Highlights Lucky’s technology-driven approach to underserved markets, aligning with regulatory shifts enabling digital onboarding.
“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.”
— Mohamed Farouk, Incoming Chairman at Lucky
Why it matters: Farouk’s board role signals strategic expertise for regional scaling and neo-banking expansion.
Industry Context
Egypt’s fintech sector thrives amid millions of unbanked citizens, with platforms like Lucky partnering over 30,000 merchants. Recent regulations enable digital onboarding, fueling neo-banking opportunities. Lucky’s profitability positions it competitively in a landscape crowded with BNPL and credit applications. Expansion targets select North African markets, promoting financial inclusion beyond Egypt’s borders. Transaction volumes remain undisclosed.
Conclusion
Lucky’s Series B reflects MENA investor confidence in proven fintech models amid economic headwinds, positioning the company for deeper North African penetration and neo-banking dominance as regional regulations evolve to support digital finance adoption.
Sources: Zawya, Wamda, Fintech Global
