Lucky App Receives $22 Million Series B Investment to Expand Financial Access in North Africa

Lucky, an Egyptian fintech startup focused on providing accessible credit solutions, has announced a successful US$22 million Series B funding round. The investment will fuel the company’s expansion across North Africa and enhance its technological infrastructure.

Founded in 2019 by Momtaz Moussa, Ayman Essawy, and Marwan Kenawy, Lucky empowers users with tools to manage finances, save money, and access flexible credit options tailored to their lifestyles. The platform has evolved from a cashback rewards system into a comprehensive consumer credit network offering instant credit lines and discounts.

The Series B round was led by existing investors alongside new participants including Disruptech Ventures, DPI Venture Capital via Nclude fund, Suez Canal Bank, and OneStop. Tech investor Mohamed Farouk, who chairs OneStop, also joined the board as chairman, bringing his expertise to guide Lucky’s strategic direction.

This milestone follows a period of significant growth for Lucky, which achieved 3x annual revenue expansion in 2025 and reached profitability by year-end. The company aims to contribute to Egypt’s digital transformation while aligning with the Central Bank of Egypt’s vision for financial inclusion.

“Financial access is the foundation of progress,” said Ayman Essawy, CEO of Lucky. “This funding allows us to scale responsibly, invest in infrastructure, and deepen our impact as regulatory frameworks evolve across the region.”

Lucky’s technology uses AI-powered credit assessments to extend financial services to underserved populations while ensuring responsible lending practices.