Egyptian fintech startup Lucky has closed a US$23 million Series B funding round to support its next phase of growth, with a focus on scaling its credit offering, expanding into North Africa, and strengthening its infrastructure, licensing, and regulatory readiness. By combining high acceptance, simple approval, and everyday usability, Lucky enables individuals to manage spending and payments with confidence. From its roots in cashback and rewards, it has evolved into a premier consumer credit network, offering the Lucky card, instant credit lines, and the largest discount network. “With Mohamed Farouk’s vision, Lucky is well positioned to advance inclusive digital finance,” said Ayman Essawy, CEO of Lucky. Lucky removes complexity from credit and opens it up to more people, leveraging its advanced technology and AI capabilities.

Source: The North Africa Journal April 07, 2026 14:07 UTC