ZAWYA: Egypt fintech Lucky raises $23mln to expand in North Africa
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Egyptian fintech firm Lucky has raised $23 million in Series B funding to enhance its credit services and expand in North Africa. The funding, sourced from DPI Venture Capital, Disruptech Ventures, and Suez Canal Bank, is a combination of equity and debt, increasing the total investment to $48 million since its 2022 Series A. Lucky provides various financial services, including cashback and flexible financing, and aims to improve its infrastructure to become "neo-banking" ready.
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