In a move reflecting significant shifts in the FinTech landscape, Lucky announced the appointment of technology investor Mohamed Farouk as its Chairman. This comes alongside the successful closure of a Series B funding round, raising $23 million through a mix of equity and debt. This signals growing confidence in the company's business model and its ability to achieve sustainable growth. The round saw participation from both existing and new investors, including Disruptech Ventures and DPI Venture Capital through the Nclude fund, along with strategic contributions from Suez Canal Bank and OneStop. This reflects increasing institutional support for Lucky's journey, especially given the rapid expansion of the FinTech sector in Egypt and the wider region.
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