Lucky Bags $23M Series B To Conquer North African Fintech

💳 Meet Lucky

• Egypt-based fintech Lucky has secured $23M in a mix of equity and debt for its Series B.

• Investor check. Disruptech Ventures and DPI (via the Nclude fund) led the round, with Suez Canal Bank and OneStop also joining in.

• The platform gives users in Egypt a way to access consumer credit through a universal card that handles installments and financing.

---

📈 Building Credit

• In many regional markets, standard banks don't offer easy credit options for the average person.

• Lucky uses its own tech and alternative data to build credit profiles for people who don't have a traditional banking history.

• This model works. The company reached profitability at the end of 2025 after growing its volume three times over in a single year.

---

🤝 Market Reach

• They’ve built the largest merchant network in Egypt to give users more places to use their credit.

• This established network helps the brand scale quickly because the infrastructure is already there.

• It’s about making daily financial tasks simpler for those the traditional system often ignores.

---

🚀 Moving North

• The fresh $23M will fund their move into new markets across North Africa.

• They are also working on a Payment Service Provider license to roll out full digital banking services.