Lucky
“Can a consumer-credit and cashback app become the dominant neo-banking platform for the underbanked across Egypt and North Africa?”
Founded2019
HQEgypt
FoundersAyman Essawy
Total raised~$48M (equity + debt across Series A and B)
Latest roundSeries B, 2026
IndustryFintech / Consumer credit
The story
Founded 2019 in Egypt as a consumer credit app offering cashback, installments and flexible financing to underbanked consumers across the MENA region. After a $25M Series A in 2022, Lucky is now positioning itself as a 'neo-banking-ready platform,' using its 2026 Series B and Suez Canal Bank partnership to deepen credit infrastructure, expand into North Africa, and pursue further licensing.
Product timeline
2019
Founded by Ayman Essawy in Egypt as a consumer credit and cashback platform.· pivot
2022
Closed $25M Series A led by Nclude with PayU, Endeavor Catalyst and others.· funding
2026
Signed strategic partnership with Suez Canal Bank to expand credit accessibility in Egypt.· banking
2026
Closed $23M Series B (equity + debt) led by Disruptech Ventures and DPI/Nclude, with Suez Canal Bank and OneStop; targeting North Africa expansion and neo-banking-ready platform.· funding
The stack
Lending
Sponsor bank
Accounting gap: none