News
Lucky raises $23 million Series B from Disruptech, DPI and Suez Canal Bank
Egyptian consumer credit platform Lucky has raised a $23 million Series B of equity and debt to scale lending and enter select North African markets.
By Propel Africa · 2026-04-07
Lucky, an Egypt-based consumer credit platform, has raised $23 million in a Series B round that combines equity and debt, Wamda reported on 7 April. Participants include Disruptech Ventures, Development Partners International (DPI) through its Nclude fund, Suez Canal Bank and OneStop Holding. The bank and OneStop are described as new strategic participants. Tech investor Mohamed Farouk has been appointed Chairman of the Board.
What Lucky does
Lucky offers cashback, instalments and flexible financing to consumers. Ayman Essawy founded the company in 2019 and serves as CEO. It works with merchants and financial institutions and reports a rapidly growing user base across Egypt.
Recent performance
The company says it grew threefold in 2025 and reached profitability by the end of that year.
What the money is for
Lucky plans to scale its credit offering, expand into select North African markets and strengthen its infrastructure, licensing and regulatory readiness. It is working towards a neo-banking-ready platform and has begun work on a payment service provider licence. "Financial access is the foundation of progress," said Ayman Essawy, CEO of Lucky.
At a glance
- Company: Lucky
- Raised: $23 million
- Round: Series B, equity and debt
- Investors: Disruptech Ventures, DPI (Nclude fund), Suez Canal Bank, OneStop
- Founded: 2019
- Based in: Egypt
- Markets: Egypt, with select North African markets planned
- Key figure: Threefold growth in 2025