Lucky, an Egyptian consumer-credit company, has raised $23m in a Series B round that combines equity and debt, the company announced on 7 April 2026. The announcement did not say how much of the total was equity and how much was debt, and no valuation was given. The news came in a press release that Egypt Innovate, Wamda and AllAfrica all carried on or around that date.
The round was backed by existing and new investors including Disruptech Ventures and DPI Venture Capital, which invested through its Nclude fund. Suez Canal Bank and OneStop joined as new strategic investors. No single lead investor was named.
Mohamed Farouk, a technology investor who chairs OneStop and the round's investor group, becomes chairman of Lucky's board as part of the deal.
What Lucky does
Lucky runs a consumer-credit platform in Egypt, offering cashback, instalment plans and flexible financing through a mobile app. Wamda reported that the company was founded in 2019 by Ayman Essawy, who is its chief executive. The app also lets customers see their balances and transaction history, pay bills, make transfers and top up their accounts, according to Wamda.
The company describes itself as moving towards a platform that is ready for neo-banking, meaning a fuller range of digital banking services built on top of its credit products. It has already started the process of obtaining a payment service provider (PSP) licence, which would widen the products it can offer. The company did not give a date for when it expects the licence.
Growth and profitability
Lucky said it grew 200% year on year in 2025, which Wamda and AllAfrica described as three times its previous annual figure, and that it reached profitability by the end of that year. It did not publish revenue, loan volumes or customer numbers, describing its user base only as rapidly growing across Egypt. Those claims come from the company's own release and have not been independently audited.
Lucky has also built partnerships with merchants and financial institutions, according to Egypt Innovate, though the announcement did not name them.
What the money is for
The company said the funds will go towards expanding its credit services, entering selected North African markets, and strengthening its infrastructure, licensing and regulatory readiness. It also plans to invest in technology and risk management.
The announcement did not name the countries Lucky has in mind or give a timetable for entering them.
The funding so far
Wamda and AllAfrica reported that Lucky raised a $25m Series A in 2022, with backing from Nclude, PayU and Endeavor Catalyst among others. Lucky's total funding to date was not stated.
Farouk said Lucky has shown disciplined growth, strong product-market fit and a clear vision for inclusive digital finance, according to Wamda. Essawy said the company wants to remove complexity from credit and open it up to more people, the same outlet reported.