Egypt fintech Lucky secures $23M Series B

Egypt-based fintech Lucky has secured $23 million in a Series B funding round structured as a mix of equity and debt, according to the company announcement published by Wamda.  The investors named in the round include Disruptech Ventures and DPI Venture Capital via the Nclude fund. The deal also brings in new strategic participation from Suez Canal Bank and OneStop.  The company said tech investor Mohamed Farouk has been appointed chairman of the board.  What Lucky does Lucky was founded in 2019 by Ayman Essawy and operates a consumer credit platform that offers cashback, instalments, and flexible financing options, typically through merchant partnerships.  How Lucky says it performed in 2025 In the same announcement, Lucky said it achieved three times annual growth in 2025 and reached profitability by the end of 2025.  What the funding will be used for Lucky said the Series B capital will support scaling its credit offering, expanding into North Africa, and strengthening infrastructure, licensing, and regulatory readiness as it moves toward becoming a neo-banking-ready platform.  The company also said it has begun work toward PSP licensing, positioning it to expand its service stack and support more comprehensive digital financial services over time.  Context Lucky previously closed a $25 million Series A round in 2022, led by Nclude, with participation from PayU, Endeavor Catalyst, Venture Souq, OTF, Arzan Capital and Disruptech, according to the same report.