Latest news with #AfricInvest
Zawya
12-08-2025
- Business
- Zawya
EFG Hermes advises on AfricInvest's exit from MENA-focused MDP
Cairo - EFG Hermes, an EFG Holding company, has advised on the AfricInvest-led consortium's full exit from Masria Digital Payments (MDP), the leading payments technology infrastructure provider in the MENA region, according to a press release. The stake was sold to an investor consortium led by Lorax Capital Partners (LCP) and supported by global development finance institutions, including the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and Proparco. It is worth highlighting that EFG Hermes advised on this transaction through its Investment Banking division. This deal follows EFG Hermes' initial advisory role in 2020 when AfricInvest invested in MDP, helping transform it into a regional fintech leader. Mostafa Gad, Global Head of Investment Banking at EFG Hermes, commented, 'From the entry of AfricInvest in 2020 to this landmark exit in 2025, we've been proud to serve as a trusted partner in a journey that has seen MDP scale into a regional fintech champion.' On his part, Ahmed Nafie, Co-Founder and CEO of MDP, stated, 'This transaction marks a pivotal moment in MDP's journey. EFG Hermes has been a key advisor to MDP since 2020, when it supported the entry of AfricInvest into the company.' 'Their deep knowledge and consistent support over the years have been instrumental in helping us attract strategic investors and navigate major milestones,' he added. Ismail Talbi, Senior Partner at AfricInvest, noted, 'Our partnership with EFG Hermes has contributed to the success of our investment in MDP.' Talib continued: 'Their guidance during our entry in 2020, and again through this exit, reflects a deep understanding of both the payments space and the regional investment landscape.' Serving over 200 banks and 60 fintechs, MDP processes over 1 billion transactions and issues more than 350 million cards, driving financial inclusion and digital transformation in emerging markets. EFG Hermes recently finalized its role as the sole global coordinator for National Printing Company's EGP 450 million initial public offering (IPO) on the Egyptian Exchange (EGX).
Zawya
10-08-2025
- Business
- Zawya
EFG Hermes advises MDP on a new investment led by Lorax Capital Partners
Cairo: EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its Investment Banking division has successfully concluded a landmark sell-side advisory role, marking the exit of a consortium led by AfricInvest from Masria Digital Payments (MDP), the region's leading payments technology infrastructure provider. The transaction marks the complete exit of AfricInvest from MDP through the sale of their stake to a distinguished investor consortium led by Lorax Capital Partners (LCP) and backed by global development finance institutions including the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and Proparco. This milestone builds on EFG Hermes' continued partnership with MDP, following its original advisory role in 2020 on the investment of AfricInvest into the company. This deal catalyzed MDP's transition into a digitally driven, regional fintech powerhouse. The transaction underscores EFG Hermes' Investment Banking Division's expertise and proven track record in advising on landmark deals within the payments sector, further cementing its position as a leading advisor in the region. MDP has since evolved into a market leader in integrated payments infrastructure, delivering card issuing, processing, and cloud-native digital solutions to over 200 banks and 60 fintech players across the MENA region. With over 1 billion transactions processed and more than 350 million cards issued, MDP is a key enabler of financial inclusion and digital transformation across emerging markets. Mostafa Gad, Global Head of Investment Banking at EFG Hermes, said, 'Our work with MDP is a prime example of how EFG Hermes continues to deliver strategic, long-term value to clients operating at the intersection of finance and technology. From the entry of AfricInvest in 2020 to this landmark exit in 2025, we've been proud to serve as a trusted partner in a journey that has seen MDP scale into a regional fintech champion. This transaction reaffirms our leading position in advising high-impact digital infrastructure deals across MENA and Africa.' Ahmed Nafie, Co-Founder and CEO of MDP, commented on the partnership, 'This transaction marks a pivotal moment in MDP's journey. EFG Hermes has been a key advisor to MDP since 2020, when it supported the entry of AfricInvest into the company. Their deep knowledge and consistent support over the years have been instrumental in helping us attract strategic investors and navigate major milestones. This transaction reflects the strong foundation we've built together and sets the stage for continued growth and innovation in digital payments across the region.' Ismail Talbi, Senior Partner at AfricInvest, stated, 'Our partnership with EFG Hermes has contributed to the success of our investment in MDP. Their guidance during our entry in 2020, and again through this exit, reflects a deep understanding of both the payments space and the regional investment landscape. Their role has been key in driving a successful exit and reinforcing MDP's position as a fintech leader in the MENA region.' About EFG Holding EFG Holding (EGX: – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt. Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria Learn more about us at For further information, please contact: May El Gammal Group Chief Marketing & Communications Officer of EFG Holding melgammal@ Omar Salama Associate Director of Communications of EFG Holding osalama@ The EFG Holding Public Relations Team PublicRelations@ Note on Forward-Looking Statements In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management's expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding's belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management's control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. About MDP MDP is a leading card-issuing & digital processing platform. It enables businesses to roll out their financial solutions with end-to-end payment infrastructure offerings – from personalized card production to financial transaction processing and digital payment solutions. MDP empowers over 200 banks and 60 fintechs, supporting their growth with robust, scalable, and secure technology. With more than 30 years of market presence, MDP is acknowledged for accelerating payment experiences through a tech-driven approach. The company embraces the global adoption of innovative fintech solutions that provide seamless omnichannel customer experiences. Headquartered in Cairo, Egypt, MDP has an extended footprint in more than 40 countries globally. For further information on MDP, reach out to: Contactus@ About AfricInvest AfricInvest is a leading pan-African investment platform active in multiple alternative asset classes, including private equity, venture capital, private credit, blended finance, and listed equities. Over the past thirty years, we have raised USD 2.3 billion to finance more than 230 companies at various development stages, delivering value and impact for our investors, portfolio companies, and the communities we serve. Our 100-strong team of investment experts in more than ten offices across three continents has a proven track record of providing attractive risk-adjusted returns while spurring productivity growth, creating jobs, and ultimately improving African lives through inclusive and sustainable development. For further information on AfricInvest, contact
bnok24
10-08-2025
- Business
- bnok24
EFG Hermes Advises MDP on a New Investment Led by Lorax Capital Partners
مصطفى جاد، رئيس قطاع الترويج وتغطية الاكتتاب في إي اف چي هيرميس EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its Investment Banking division has successfully concluded a landmark sell-side advisory role, marking the exit of a consortium led by AfricInvest from Masria Digital Payments (MDP), the region's leading payments technology infrastructure provider The transaction marks the complete exit of AfricInvest from MDP through the sale of their stake to a distinguished investor consortium led by Lorax Capital Partners (LCP) and backed by global development finance institutions including the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and Proparco This milestone builds on EFG Hermes' continued partnership with MDP, following its original advisory role in 2020 on the investment of AfricInvest into the company. This deal catalyzed MDP's transition into a digitally driven, regional fintech powerhouse. The transaction underscores EFG Hermes' Investment Banking Division's expertise and proven track record in advising on landmark deals within the payments sector, further cementing its position as a leading advisor in the region MDP has since evolved into a market leader in integrated payments infrastructure, delivering card issuing, processing, and cloud-native digital solutions to over 200 banks and 60 fintech players across the MENA region. With over 1 billion transactions processed and more than 350 million cards issued, MDP is a key enabler of financial inclusion and digital transformation across emerging markets Mostafa Gad, Global Head of Investment Banking at EFG Hermes, said, 'Our work with MDP is a prime example of how EFG Hermes continues to deliver strategic, long-term value to clients operating at the intersection of finance and technology. From the entry of AfricInvest in 2020 to this landmark exit in 2025, we've been proud to serve as a trusted partner in a journey that has seen MDP scale into a regional fintech champion. This transaction reaffirms our leading position in advising high-impact digital infrastructure deals across MENA and Africa Ahmed Nafie, Co-Founder and CEO of MDP, commented on the partnership, 'This transaction marks a pivotal moment in MDP's journey. EFG Hermes has been a key advisor to MDP since 2020, when it supported the entry of AfricInvest into the company. Their deep knowledge and consistent support over the years have been instrumental in helping us attract strategic investors and navigate major milestones. This transaction reflects the strong foundation we've built together and sets the stage for continued growth and innovation in digital payments across the region Ismail Talbi, Senior Partner at AfricInvest, stated, 'Our partnership with EFG Hermes has contributed to the success of our investment in MDP. Their guidance during our entry in 2020, and again through this exit, reflects a deep understanding of both the payments space and the regional investment landscape. Their role has been key in driving a successful exit and reinforcing MDP's position as a fintech leader in the MENA region Google News تابعونا على تابعونا على تطبيق نبض جاري التحميل ...
Zawya
27-05-2025
- Business
- Zawya
MDP secures new Investment led by Lorax Capital and leading investors
Cairo, Egypt – MDP, a leading payments technology infrastructure group in the Middle East and Africa, is pleased to announce a new phase of growth following a strategic investment led by Lorax Capital Partners ('LCP'). The transaction marks the exit of long-time partner AfricInvest, whose support has been instrumental to the group's expansion in recent years. MDP delivers a fully integrated, one-stop-shop payments technology infrastructure ecosystem from card issuing, processing to cloud-native digital solutions through industry-leading developer platforms and embedded fintech capabilities to over 200 banks and 60 fintechs across Africa and the Middle East. To date, MDP has processed over 1 billion transactions and issued over 350 million cards and continues to support the region's financial inclusion and digital transformation efforts. The new investment, led by LCP, is backed by a consortium of global development financial institutions, including the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), a member of the World Bank Group, and Proparco, subsidiary of the French AFD Group, focused on private sector development. Their involvement underscores a shared commitment to advancing financial infrastructure and digital innovation across the region. 'This investment marks a pivotal milestone in MDP's journey,' said Ahmed Nafie, Co-founder and CEO of MDP. 'We are proud of the robust platform and trusted reputation we've built across 40+ countries. With the backing of Lorax and a distinguished group of global institutional investors, we are well-positioned to accelerate our expansion, deepen our processing capabilities, and further scale our operations across Africa, the Middle East, and beyond. We also extend our sincere thanks to AfricInvest for their instrumental role in supporting our strategic growth and regional leadership.' This transaction marks the successful exit of AfricInvest, a leading pan-African private equity firm that has been a valuable partner in MDP's journey. Leveraging its extensive regional platform spanning 38 African countries, AfricInvest provided MDP with strategic guidance, operational support, and access to a network of key stakeholders in the financial services and fintech sectors. Throughout its investment, AfricInvest has driven operational enhancements, strategic partnerships, and value creation initiatives that have positioned MDP as a cornerstone in the region's fintech landscape. 'We believed in MDP's ability to pivot into payment processing and played a key role in transforming the company from a pure industrial player to a technology-driven leader. Today, MDP stands as a vital partner in Egypt's fintech and banking ecosystem, actively contributing to the country's financial inclusion strategy,' said Ismail Talbi, Senior Partner at AfricInvest. Skander Oueslati, Chief Investment Officer at AfricInvest, added, 'Our commitment to fostering regional connectivity and supporting portfolio companies in their pan-African expansion was a driving force in our partnership with MDP. We opened doors in sub-Saharan Africa, helping MDP to establish local partnerships and presence, paving the way for further growth'. Commenting on the partnership between MDP and the consortium, Mohamed Sadek, Managing Partner at LCP added 'We are excited to be backing MDP's founders in realizing their strategic vision of becoming the partner of choice for financial institutions across the region. We are confident that LCP and its highly experienced co-investors will play an important role during MDP's next phase of growth which will focus on further investments in technology, expanded product offering and geographic expansion.' About MDP: MDP is a leading card-issuing & digital processing platform. It enables businesses to roll out their financial solutions with end-to-end payment infrastructure offerings – from personalized card production to financial transaction processing and digital payment solutions. MDP empowers over 200 banks and 60 fintechs, supporting their growth with robust, scalable, and secure technology. With more than 30 years of market presence, MDP is acknowledged for accelerating payment experiences through a tech-driven approach. The company embraces the global adoption of innovative fintech solutions that provide seamless omni-channel customer experiences. Headquartered in Cairo, Egypt, MDP has an extended footprint in more than 40 countries globally. For further information on MDP, reach out to: Contactus@ About AfricInvest AfricInvest is a leading pan-African investment platform active in multiple alternative asset classes including private equity, venture capital, private credit, blended finance, and listed equities. Over the past thirty years, we have raised USD 2.3 billion to finance more than 230 companies at various development stages, delivering value and impact for our investors, portfolio companies, and the communities we serve. Our 100-strong team of investment experts in more than ten offices across three continents has a proven track record of providing attractive risk-adjusted returns while spurring productivity growth, creating jobs, and ultimately improving African lives through inclusive and sustainable development. For further information on AfricInvest, contact About Lorax Capital Partners Lorax Capital Partners ('LCP') is an Egypt-based private equity firm with a strong track record in growth investments and a team that has executed transactions worth over USD 46 billion. LCP brings deep expertise in the financial services sector in the Middle East and Africa, and partners with founders with long-term strategic vision and exceptional operational capabilities. For further information on LCP, contact info@
Wamda
09-04-2025
- Business
- Wamda
PayTic secures $4 million investment from AfricInvest
Morocco-based fintech PayTic has raised $4 million in funding, led by AfricInvest alongside Build Ventures, Axian Group, Mistral, Island Capital Partner, and Concrete. Founded in 2020 by Imad Boumahdi, PayTic specialises in automating complex operational processes for card issuers, including reconciliation and chargeback management. The investment aims to support PayTic's expansion into North and Sub-Saharan African markets. Source: Tech Point Moroccan fintech startup PayTic has raised $4 million in funding to advance its payment automation solutions and facilitate expansion into North and Sub-Saharan African markets. AfricInvest led the funding round alongside Build Ventures, Axian Group, Mistral, Island Capital Partner, and Concrete. 'This significant investment is a powerful validation of PayTic's mission and the transformative impact we are delivering,' Imad Boumahdi, CEO of PayTic, said. 'Beyond the capital, this funding round brings invaluable strategic expertise, enabling us to accelerate our global expansion and reshape the future of payment operations.' Specialising in automating complex operational processes for card issuers, PayTic offers software-as-a-service (SaaS) solutions that streamline tasks such as reconciliation and chargeback management. Founded in 2020, PayTic has established a presence in multiple locations, including Charlottetown, Canada; Casablanca, Morocco; and London, UK. The company's platform serves banks, credit unions, fintech companies, and other payment actors, aiming to optimise workflow efficiency and scale backend programme management. The recent funding is expected to bolster PayTic's efforts to address the increasing demand for efficient payment processing solutions in Africa. The continent's digital payments economy is projected to reach $1.5 trillion by 2030, highlighting significant growth opportunities for fintech companies. This investment in PayTic reflects a broader trend of growing investor confidence in Africa's fintech sector. Despite a drop in funding, fintech startups in Africa still secured $1.4 billion from investors. According to Partech Partners, fintech investment in Africa grew 16% year-on-year in deal count and 59% year-on-year in funding. As PayTic prepares to scale its operations across the continent, the company is poised to contribute significantly to the evolution of payment automation in Africa, enhancing financial services and supporting economic growth in the region.
