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RIYADH: As technology transforms the world from physical to digital, the retail industry, digitally known as e-commerce, has been one of the most rapidly changing sectors in the Middle East and North Africa. The e-commerce industry in the MENA region is estimated to be valued at $31 billion in 2021 and will reach over $50 billion by 2025. In this edition, Arab News has
Lucky, Egypt’s leading app for credit products, offers and cashback rewards, announces its $25 million fund Series A raise.
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Lucky, which counts Lorax Capital as an investor, raised $25 million in a funding round led by Nclude. Naspers unit PayU, Global Ventures, National Bank of Egypt, Venture Souq, Banque Misr, Banque du Caire, Endeavor Catalyst, OTF, Arzan Capital and Disruptech were among the other backers