• Latest
  • Trending
AfricInvest exits Egyptian fintech MDP after multi-year partnership

AfricInvest exits Egyptian fintech MDP after multi-year partnership

June 2, 2025
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Business Fintech

AfricInvest exits Egyptian fintech MDP after multi-year partnership

Modupeoluwa Olalere by Modupeoluwa Olalere
June 2, 2025
149 1
0
AfricInvest exits Egyptian fintech MDP after multi-year partnership
466
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

AfricInvest, a prominent pan-African private equity firm, has officially exited its investment in MDP, a leading Egyptian fintech company specializing in payments technology infrastructure.

This marks the end of a multi-year partnership that significantly shaped MDP’s growth trajectory.

The announcement came on May 27, 2025, coinciding with a new strategic investment round led by Lorax Capital Partners (LCP) and backed by major global development financial institutions.

AfricInvest’s role in transforming MDP into a fintech powerhouse

AfricInvest’s involvement with MDP began several years ago, during which it played a crucial role in pivoting the company from a traditional industrial player to a technology-driven leader in the fintech space.

RelatedPosts

AfricInvest invests $10.5M in HewaTele to boost medical oxygen delivery across Kenya

MDP secures new investment from Lorax as AfricInvest exits

AfricInvest and Swedfund champion gender inclusion with new €15 million fund

Ismail Talbi, Senior Partner at AfricInvest, emphasized their belief in MDP’s potential to expand into payment processing, stating, “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.”

Throughout its investment, AfricInvest provided strategic guidance, operational support, and access to a broad network across 38 African countries.

This support was instrumental in helping MDP establish local partnerships and expand its footprint across sub-Saharan Africa, as highlighted by Skander Oueslati, Chief Investment Officer at AfricInvest: “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”.

AfricInvest’s exit reflects the success of its value creation initiatives, which positioned MDP as a cornerstone in Egypt’s fintech and banking ecosystem, actively contributing to the country’s financial inclusion strategy.

New investment led by Lorax Capital to accelerate MDP’s expansion

On the same day as AfricInvest’s exit, MDP announced a new phase of growth fueled by a strategic investment led by Lorax Capital Partners. This round also includes participation from a consortium of global development financial institutions such as the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), and Proparco, the private sector arm of the French AFD Group.

Ahmed Nafie, Co-founder and CEO of MDP, described the investment as a “pivotal milestone” for the company. He expressed confidence that with the support of Lorax and these distinguished investors, MDP is well-positioned to accelerate its expansion, deepen its processing capabilities, and scale operations across Africa, the Middle East, and beyond.

Nafie stated, “We are proud of the robust platform and trusted reputation we’ve built across 40-plus 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”.

Lorax Capital’s Managing Partner, Mohamed Sadek, echoed this optimism, emphasizing their commitment to supporting MDP’s founders in realizing their strategic vision: “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”.

MDP’s Impact and market reach

MDP operates a fully integrated payments technology infrastructure ecosystem, offering services from card issuing and processing to cloud-native digital solutions. It supports over 200 banks and 60 fintech companies across more than 40 countries in Africa and the Middle East.

MDP has processed over 1 billion transactions and issued more than 350 million cards, underscoring its role in advancing financial inclusion and digital transformation in emerging markets.

The company’s technology-driven approach has made it a vital partner in the region’s fintech and banking sectors, facilitating seamless, omnichannel customer experiences and enabling businesses to roll out tailored financial solutions efficiently.

This strategic investment and AfricInvest’s exit highlight the dynamic nature of fintech investments in Africa and the Middle East, where companies like MDP rapidly scale to meet the growing demand for digital financial services.

The involvement of global development finance institutions further signals strong international confidence in MDP’s business model and growth potential.

This development marks a new chapter for MDP, which embarks on accelerated growth with fresh capital and strategic partnerships. Meanwhile, AfricInvest moves on after successfully nurturing the company into a leading fintech infrastructure provider.

Tags: AfricInvestEgyptian fintech
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.