Lucky, a leading fintech company, has raised US$23 million in a Series B funding round. The funding included both equity and debt and was led by a mix of existing and new investors.
Investors in this round include Disruptech Ventures, DPI Venture Capital through the Nclude fund, and new strategic partners like Suez Canal Bank and OneStop. Mohamed Farouk, a well-known tech investor, has also joined as the Chairman of the Board for Lucky App.
Mohamed Farouk, who now chairs Lucky’s Board, emphasised the company’s strong growth and vision: “Lucky has demonstrated disciplined growth, strong product-market fit, and a clear vision for inclusive digital finance,” said Farouk. “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.”
“With Mohamed Farouk’s vision, Lucky is well positioned to advance inclusive digital finance,” commented Ayman Essawy, CEO of Lucky. “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.”
Founded in 2019 by Ayman Essawy, Lucky offers a consumer credit platform that lets people buy products with cashback, pay in instalments, and use flexible financing options.
The investment comes at a time when Egypt’s fintech rules are becoming more supportive. Recent improvements in digital onboarding, payment systems, and the new PSP (Payment Service Provider) licensing create opportunities for fintech companies that have strong growth and compliance records.
Lucky has already started working on getting its PSP license. This will allow the company to offer more digital financial services and expand its range of products for users in the future.
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