Egyptian fintech startup Lucky has secured final approval from the Central Bank of Egypt (CBE) to launch the “Lucky One” card for all its customers. The startup has grown rapidly since inception, and now has the largest merchant network in Egypt as well as over eight million registered users. In March, Lucky raised a US$25 million Series A funding round to build out its credit capabilities, expand its market share, and drive further overseas growth. It has now followed that up by securing final approval from the CBE to launch the Lucky One card to all customers. Launched in collaboration with Mashreq Bank, Meeza and MDP, the card is specifically designed to offer market-leading cashback rewards, as well as numerous additional features including mobile bill payments, withdrawal, and deposits.

Source: The North Africa Journal June 24, 2022 10:31 UTC