Egyptian fintech platform Lucky App has raised $23 million in a Series B funding round combining equity and debt, as it looks to scale its consumer credit offering and expand into North Africa.
The round drew participation from a mix of existing and new investors, including Disruptech Ventures and DPI Venture Capital through the Nclude Fund. Strategic investors Suez Canal Bank and OneStop also joined the round.
As part of the deal, Egyptian tech investor Mohamed Farouk has been appointed Chairman of Lucky’s Board.
The funding comes after a strong growth period for the Cairo-based company, which reported threefold annual growth in 2025 and reached profitability by year-end, positioning itself among a growing cohort of African fintechs balancing scale with sustainable margins.
Lucky operates in the consumer credit space, offering users access to financing through a card-based system accepted across merchants. The company is betting on rising demand for digital financial services in Egypt, where regulators are pushing financial inclusion under the Central Bank of Egypt.
“Lucky has demonstrated disciplined growth, strong product-market fit, and a clear vision for inclusive digital finance,” said Farouk, noting the company is well-positioned to capture the next wave of consumer credit and neo-banking in the region.
Chief Executive Ayman Essawy said the capital will be used to scale operations while investing in infrastructure and regulatory readiness.
“Financial access is the foundation of progress. This round allows us to scale responsibly and deepen our impact as regulators unlock digital onboarding and modern payment frameworks,” Essawy said.
Egypt’s fintech sector has seen increasing regulatory support, including progress on digital onboarding, improved payments infrastructure, and the rollout of Payment Service Provider (PSP) licensing frameworks—developments that are lowering barriers for fintech expansion.
Lucky said it has already begun the process toward securing a PSP license, a move that would allow it to broaden its product stack into more comprehensive digital financial services.
The company also plans to expand beyond Egypt into select North African markets, leveraging its growing merchant network and user base.
Across Africa, fintech startups continue to attract investor interest, particularly those focused on credit access and embedded finance, as millions of consumers remain underserved by traditional banking systems.