Egypt’s Lucky raises $23m to expand credit services and regional growth
Egypt-based fintech Lucky has raised $23 million in a Series B funding round comprising both equity and debt, as it looks to expand its credit offerings and scale operations across North Africa, the company said in a statement.
The round included participation from Disruptech Ventures, Development Partners International (DPI) through its Nclude platform, Suez Canal Bank, and OneStop, led by investor Mohamed Farouk, who has also been appointed chairman of Lucky’s board.
The company said the new funding will be used to strengthen its credit products, invest in technology infrastructure, and support regional expansion, while preparing for regulatory developments tied to digital banking and payments.
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Muhammad Ali Bandial