Lorax Capital completed the acquisition of a minority stake in MDP from Africinvest.

Lorax Capital, an Egypt-focused private equity firm, completed the acquisition of a minority stake in MDP, a card-issuing & digital processing platform, from Africinvest, an investment and financial services company. Financial terms were not disclosed. “This investment marks a pivotal milestone in MDP’s journey. 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,” Ahmed Nafie, MDP Co-founder and CEO.