Lucky App has raised $25 million in a Series A round led by Nclude, a newly established FinTech fund by Global Ventures, National Bank of Egypt, Banque Misr, & Banque du Caire.
More on Lucky Lucky aims to provide its more than eight million active users with a variety of credit products, as well as cash back rewards to a network of over 30,000 merchants. In the bigger picture, Lucky wants to revolutionize how MENA’s population shops, pays, & saves.
Why this matters The funds will be used to capture a bigger market share & build out Lucky’s credit capabilities – as customers become more educated & experienced using credit. Lucky has already seen a 250% year-over-year growth in gross merchandise value.