Cairo - Sharikat Mubasher: Masria Digital Payments (MDP), a leading payment enabler headquartered in Cairo, successfully secured a strategic investment from Lorax Capital Partners (LCP) to accelerate its expansion plans across the MENA region.

Several international financial development organizations, such as the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), a member of the World Bank Group, and Proparco, the investment arm of the French Development Agency, participated in the investment, a recent statement revealed.

This investment coincides with the successful exit of MDP’s former partner Africinvest, which played a pivotal role in supporting the company's growth journey over the past years.

Ahmed Nafie, Chief Executive Officer at MDP, stated that the investment represents a significant milestone in the company’s journey and reflects investors’ confidence in MDP's pivotal role in advancing payments infrastructure and enhancing digital innovation in emerging markets.

He highlighted that MDP will use the investment to strengthen its technical capabilities and expand into new markets.

For his part, Mohamed Sadek, Managing Partner at LCP, affirmed the company’s dedication to supporting MDP’s mission to develop technology infrastructure, expand services scope, and drive the region’s growth within the upcoming period.

With a complete end-to-end solution, MDP supports banks, financial institutions, and fintech companies, offering a wide range of digital solutions and services. It covers several key fields, such as banking, public sector, health, sports, education, fintech, and retail, to facilitate everyone’s daily life.