Cairo-based Lucky, a FinTech company, has announced the closing of a $23 million Series B funding round, which includes a mix of equity and debt.
The investment was led by existing and new investors, including Disruptech Ventures, DPI Venture Capital via Nclude fund and new strategic participation from Suez Canal Bank and OneStop, chaired by tech investor Mohamed Farouk (appointed as the Chairman of the Board for Lucky App).
Mohamed Farouk, who now chairs Lucky’s Board, said, “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.”
The funds will help Lucky to scale its credit offering, expand into North Africa, and strengthen its infrastructure, licensing, and regulatory readiness. The firm aims to become a neo-banking-ready platform.
Ayman Essawy, CEO of Lucky, added, “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.”
Founded in 2019, Lucky started as a cashback and rewards platform but has since shifted its focus toward consumer credit. Its current product suite includes a branded card, instant credit lines, and a merchant discount network.
The company’s model is built around providing short-term credit and payment flexibility to consumers who may not have easy access to traditional banking products.
According to Lucky, its latest funding round comes after the company reported a threefold year-on-year growth in 2025 and achieved profitability by the end of the same year. This performance has reinforced Lucky’s positioning as a key player in Egypt’s consumer finance ecosystem.
Lucky’s platform is built around simplifying access to credit while maintaining high approval rates and ease of use. By focusing on seamless onboarding and real-time decision-making, the company aims to empower users to manage spending, make payments, and access financing without the friction traditionally associated with financial services. Currently, millions of users use the Lucky platform for day-to-day financial needs.
The investment also aligns with broader regulatory tailwinds shaping Egypt’s FinTech landscape. Recent advances in digital onboarding, payments infrastructure, and the introduction of PSP licensing mark a turning point for fintech players with proven scale and compliance capabilities,” mentioned the company in the press release.
Lucky has already begun work toward PSP licensing, positioning the company to expand its service stack and support more comprehensive digital financial services over time.
