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.
Founded in 2019 by Momtaz Moussa, Ayman Essawy and Marwan Kenawy, Lucky allows millions of users to save money, manage spending, and access flexible credit options that fit their lifestyle. 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.
The startup has now closed a US$23 million Series B funding round to support its next phase of growth, with the round led by existing and new investors, including Disruptech Ventures, DPI Venture Capital via Nclude fund, and a strategic participation from Suez Canal Bank and OneStop, chaired by the visionary tech investor Mohamed Farouk, who has also been appointed as the chairman of the board for Lucky App.
This milestone follows a period of significant-growth for the company. After achieving 3x annual growth in 2025 and marking profitability by the end of 2025, Lucky has solidified its position as a leader in consumer credit, aiming to play a significant role in Egypt’s transformation into a digital and financially inclusive economy inline with the Central Bank of Egypt’s vision.
The new capital will support Lucky’s next phase of growth, with a focus on scaling its credit offering, expanding into North Africa, and strengthening its infrastructure, licensing, and regulatory readiness as it moves toward becoming a neo-banking-ready platform.
“With Mohamed Farouk’s vision, Lucky is well positioned to advance inclusive digital finance,” said Ayman Essawy, CEO of Lucky. “Financial access is the foundation of progress. This round allows us to scale responsibly, invest in infrastructure, and deepen our impact as regulators unlock digital onboarding and modern payment frameworks across Egypt and the region. Lucky removes complexity from credit and opens it up to more people, leveraging its advanced technology and AI capabilities. With a card that works anywhere and anytime, we help individuals move forward confidently.”