Lucky, the Egyptian consumer credit and digital payments platform, has closed a $23 million Series B round combining equity and debt, the company announced on 7 April 2026. The financing was led by Disruptech Ventures and DPI Venture Capital through the Nclude fund, and provides Lucky with the capital to extend its credit and card products into new North African markets, where similar demand dynamics to Egypt are creating openings for digital-first financial services providers.
The Series B arrives at a moment of considerable momentum for Lucky. The company said it reached profitability in 2025 following three-times revenue growth in that period, a trajectory that underscores the accelerating demand for accessible consumer credit products in Egypt's large but historically underserved retail financial market. Lucky now counts more than 15 million users and has issued in excess of 500,000 cards, making it one of Egypt's most widely adopted fintech platforms by customer count.
NORTH AFRICA EXPANSION IN FOCUS
Lucky's expansion blueprint centres on using the Series B proceeds to establish a regulated presence in additional North African markets, where high mobile phone penetration, young populations, and limited access to formal consumer credit create conditions that closely resemble those the company has navigated in Egypt. The company has not disclosed which specific countries are on its near-term entry list but said the regulatory groundwork for regional expansion was actively progressing, with local licensing a prerequisite in each target jurisdiction.
Alongside geographic expansion, Lucky is pursuing a payment service provider licence in Egypt that would allow it to evolve into a fully fledged neo-banking platform, broadening its offering beyond credit and card issuance into a wider suite of financial services including savings and transfers. The PSP licence pursuit positions Lucky within a competitive cohort of African fintechs that are seeking to consolidate multiple financial functions under a single regulated entity rather than relying on partnerships with established banks to deliver core services to their customers.
INVESTOR PROFILE REFLECTS EGYPTIAN FINTECH MATURATION
The Nclude fund, through which DPI Venture Capital participated in the round, is backed by Egypt's three largest state-owned banks — Banque Misr, the National Bank of Egypt, and Banque du Caire — and was established specifically to catalyse and scale fintech investment in the Egyptian market. Its involvement in the Lucky round reflects institutional confidence in the viability of digital credit models among Egypt's consumer population and is consistent with Nclude's mandate to back companies that can reach underserved segments of the financial system at scale.
Disruptech Ventures, one of Egypt's most active technology investors across early and growth stages, has backed Lucky from earlier rounds of its development, and its return with a leading position in the Series B reflects sustained conviction in the company's direction. The combination of a domestic development-finance-backed vehicle and a specialist technology investor at the head of this round sends a clear signal to the broader market that Lucky's profitability milestone and growing user base are regarded as a highly credible foundation for the more capital-intensive phase of regional expansion the company is now entering across North Africa and potentially beyond.