Egypt-based payments tech leader MDP is set for its next growth chapter after securing a major strategic investment from Lorax Capital Partners (LCP) and a consortium of global development finance institutions. This latest backing positions MDP to supercharge its mission of modernizing financial infrastructure across the Middle East and Africa (MEA).
The deal also marks a successful exit for AfricInvest, one of MDP’s early and key growth partners.
Powering the Backbone of Digital Finance
MDP, short for Mediterranean Data Processing, is a quiet powerhouse in the fintech world. The company provides end-to-end payment infrastructure solutions, from card issuance and processing to modern cloud-native platforms. Today, it supports:
- ✅ 200+ banks
- ✅ 60+ fintechs
- ✅ Over 350 million cards issued
- ✅ 1+ billion transactions processed
The company’s technology plays a crucial role in promoting financial inclusion, enabling secure and efficient digital payment systems across emerging markets.
A Vote of Confidence from Global Investors
The fresh funding round was led by Lorax Capital Partners (LCP), a prominent Egypt-focused private equity firm, and joined by major international institutions including:
- European Bank for Reconstruction and Development (EBRD)
- International Finance Corporation (IFC)
- Proparco
This strong lineup of investors underscores the global confidence in MDP’s vision to become the go-to fintech infrastructure provider for MEA.
Ahmed Nafie, Co-founder and CEO of MDP, stated:
“This investment marks a pivotal milestone for us. With forward-thinking partners like Lorax, we’re ready to scale faster, broaden our capabilities, and extend our regional footprint. We’re deeply grateful to AfricInvest for their invaluable support over the years.”
Looking Back, Moving Forward
AfricInvest, which played a central role in MDP’s growth journey, has exited following the deal. Their partnership supported the company’s evolution into a regional tech leader, aiding in market expansion and strategic initiatives.
A spokesperson from AfricInvest reflected:
“We believed in MDP’s transition into a tech leader and supported their regional expansion and innovation journey.”
What’s Next for MDP?
With fresh capital and new strategic partners on board, MDP plans to:
- Accelerate product innovation
- Invest in cloud and AI-driven solutions
- Expand deeper into MEA markets
- Strengthen financial inclusion infrastructure
Mohamed Sadek, Managing Partner at Lorax Capital Partners, said:
“We’re excited to back MDP’s ambitious growth strategy. The company is well-positioned to become the fintech infrastructure partner of choice across emerging markets.”
Why This Matters
This investment doesn’t just represent a financial milestone—it’s a leap forward for digital finance in emerging economies. By supporting the infrastructure behind banks and fintechs, MDP is helping create a more connected, accessible, and inclusive financial ecosystem across the MEA region.
As more consumers and businesses embrace digital payments, companies like MDP are leading the way in building the rails of tomorrow’s financial world.