Matouk Bassiouny & Hennawy advises Lucky One on USD 3 mln funding round
Matouk Bassiouny & Hennawy (“MBH”) acted as the lead transactional legal counsel to Lucky One, a Cairo-based fintech company, in connection with securing USD 3 million from its funding round in the form of a convertible note, handling all matters concerning its legal efficacy, negotiation, and closing.
The funding round included Lorax Capital Partners, KEM, and DisruptTech Ventures. The newly obtained capital injection will bolster Lucky One’s efforts to become profitable and help align with Egypt’s national financial inclusion agenda.
MBH team
The MBH team advising on the matter was led by partner and head of fintech & emerging companies and venture capital Mohamed Essam (pictured), Moustafa Rizk (associate), and Dina Kamel (associate).
About Lucky One
Founded in 2019, Lucky ONE is an app offering credit products, special offers & cashback rewards.