Africa-Press – Uganda. Egypt-based fintech infrastructure provider MDP has announced a new strategic investment led by Lorax Capital Partners (LCP), signaling a major shift in its investor landscape as long-time partner AfricInvest exits fully.
The funding round also saw participation from key international development finance institutions — the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), and Proparco — underscoring strong global confidence in MDP’s role as a regional payment systems enabler.
Co-founded and led by Ahmed Nafie, MDP delivers a comprehensive digital payment infrastructure solution serving clients across Africa and the Middle East. Its platform supports everything from card issuance and processing to cloud-native digital banking and a robust suite of APIs designed to power fintech innovation. To date, the company has issued more than 350 million cards and processed over 1 billion transactions, working with over 200 banks and 60 fintech companies in more than 40 countries.
“This investment represents a major milestone in MDP’s growth journey,” said Nafie in a statement. He emphasized that the funding will enable the company to deepen its technology stack, expand into new markets, and further strengthen its presence across emerging economies.
The transaction also marks the complete exit of AfricInvest, a Tunisia-based pan-African private equity firm that invested in MDP several years ago. While the return on investment was not disclosed, the move reflects a maturing ecosystem for fintech infrastructure players in the region — a segment that, while often less visible than consumer-facing fintechs, is essential to scaling digital finance.
AfricInvest’s departure and the arrival of a new investor group come amid a broader rise in strategic investments targeting financial infrastructure across Africa and the Middle East. Development finance institutions have increasingly turned their focus toward companies that support financial inclusion through back-end technology solutions.
For Lorax Capital Partners — which has a track record of investing in Egyptian fintech and growth-stage enterprises — the decision to back MDP aligns with its strategy of supporting high-impact sectors in the region.
The investment also highlights a broader shift in the fintech funding landscape across Africa and MENA. While startup fundraising remains below the peaks of 2021, firms like MDP — with proven scale, clear paths to profitability, and foundational infrastructure — are drawing growing interest from institutional investors.
The new capital will fuel MDP’s expansion into additional markets and drive further development of its technology platform. Nafie hinted that the company is targeting greater penetration into underserved regions where demand for secure, scalable payment infrastructure continues to rise.
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