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 company said it will use the funds to scale its credit products, strengthen infrastructure, and expand into North Africa. The company is positioning itself to benefit from changes in Egypt's financial sector, including digital onboarding and payment system upgrades led by the central bank. Lucky said it is working toward PSP licensing as it builds a broader digital financial services platform. Consumer credit remains one of the largest gaps in African financial services, where access to formal lending is limited and often expensive.

Source: The North Africa Journal April 07, 2026 18:26 UTC