MDP, a leading payments technology infrastructure provider headquartered in Egypt, has announced a strategic investment led by Lorax Capital Partners (LCP), with participation from a consortium of global development financial institutions.
This development coincides with the successful exit of AfricInvest, a key growth partner in MDP’s journey.
The company delivers a comprehensive infrastructure ecosystem, supporting over 200 banks and 60 fintechs across Africa and the Middle East with services ranging from card issuing and processing to cloud-native solutions.
MDP has processed over 1 billion transactions and issued more than 350 million cards, actively promoting financial inclusion and digital transformation in the region.
The investment is backed by renowned institutions including EBRD, IFC, and Proparco, highlighting strong confidence in MDP’s strategic role in transforming digital financial services in emerging markets.
Ahmed Nafie, Co-founder and CEO of MDP, stated:
This investment marks a pivotal milestone for us. With backing from forward-looking investors like Lorax, we are ready to accelerate our growth, enhance our capabilities, and expand geographically. We thank AfricInvest for their strategic support and partnership over the years.”
Representatives from AfricInvest noted:
“We believed in MDP’s transition into a tech leader, and played a central role in regional expansion and strategic enablement.”
Mohamed Sadek, Managing Partner at LCP, commented:
“We’re excited to support MDP’s founders in becoming the partner of choice for financial institutions, with continued focus on technology, products, and regional growth.”
