North Africa: Egypt’s Lucky Raises $23m to Expand Consumer Credit Platform

Lucky has raised 23 million dollars in a Series B round combining equity and debt, as the company looks to expand its consumer credit platform and enter new markets.

The round included participation from Disruptech Ventures, Development Partners International through its Nclude fund, Suez Canal Bank, and OneStop. Mohamed Farouk joined as Chairman of the Board following the investment.

Founded in 2019 by Ayman Essawy, Lucky offers cashback, instalments, and financing products to consumers. The…