Egypt’s MDP Scores Major Investment to Accelerate Fintech Expansion in MEA

Editorial Team

Last updated 29-05-2025

3 min

Egyptian payment firm MDP secures significant funding, led by Lorax Capital Partners.

AfricInvest exits after aiding MDP’s growth, while new funds focus on global expansion.

MDP supports over 200 banks and fintech firms with digital payments infrastructure.

New investors include EBRD, IFC, and Proparco, boosting MDP’s regional digital transformation.

CEO Ahmed Nafea aims for faster growth and broader market reach.

In a major step forward for digital finance in Africa and the Middle East, Egyptian payment technology infrastructure firm MDP has just closed a significant investment round. The funding effort was spearheaded by Lorax Capital Partners (LCP), joined by a select group of prominent global development finance institutions.

This fresh injection of cash coincides neatly with AfricInvest, a previous partner, successfully exiting its stake in MDP. AfricInvest has had quite an influence on the company's story so far and is bowing out after helping it grow steadily over recent years.

MDP, for those unfamiliar with the name, specialises in providing the nuts and bolts for all sorts of digital and card-based payments—anything from processing card issues to hosting cloud-based financial technology systems. At present, their tech solutions already support an impressive network of over 200 banks and 60 fintech firms across Africa and the Middle East.

Numbers-wise, the firm's certainly busy: they've handled over a billion transactions and issued north of 350 million payment cards to date. Beyond the raw numbers though, they're also playing a big role in driving digital transformation and boosting financial inclusion throughout the region, something that's tricky work but widely regarded as essential.

Ahmed Nafea, MDP's co-founder and CEO, described this latest funding as a real milestone, highlighting the trust they've won within more than 40 countries. He added that, with long-term thinking investors like Lorax Capital Partners backing them, they're well poised for faster growth. This cash, he explained, will speed up the company's technical expansion and geographical reach into new markets.

Backing up this confidence, the round also brought on board heavyweight international development investors including the European Bank for Reconstruction and Development (EBRD), the IFC—part of the World Bank Group—and Proparco, the private-sector arm of the French Development Agency. Their involvement underscores a growing belief in MDP as a key driver of payment infrastructure improvement and digital innovation in emeging markets.

As digital payment shifts up a gear across these regions, some industry watchers around platforms like Arageek are excited to see exactly how far MDP will be able to take things with this new boost. Certainly food for thought the next time you're grabbing that ful medames and paying digitally in a Cairo café.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!