By Seun Ibiyemi
Moniepoint Inc. has acquired Orda Africa as part of its strategy to deepen its footprint in Africa’s fast-growing food service industry, estimated to be worth about $50 billion.
Orda, a cloud-based restaurant management platform operating in Nigeria, will be integrated into Moniepoint’s Moniebook platform an all-in-one point-of-sale and business management solution launched in 2025.
In a statement issued on Monday in Lagos, Moniepoint said the acquisition would empower restaurant operators to scale operations, improve efficiency, and gain access to credit through its expanding digital ecosystem.
The company noted that Africa’s food service sector is experiencing rapid growth, with Nigeria’s market projected to reach $19.31 billion by 2030, expanding at an annual rate of 11.73 percent.
This growth, it said, presents significant opportunities for digital and financial service platforms.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint has grown into a major financial services provider, supporting over 20 million businesses and individuals across Africa.
The company processes more than $250 billion in digital payments annually through its subsidiaries.
Eniolorunda said the food industry remains a critical driver of jobs and livelihoods across the continent but is still largely dependent on manual processes and fragmented tools.
According to him, integrating Orda into Moniebook will provide restaurant owners with a unified platform to manage operations and expand their businesses.
“The food industry is not just about feeding people; it is a major source of jobs and daily survival for many Africans. It highlights how vital the informal sector is, not just for the economy, but for everyday life across the continent,” he said.
Orda, founded in 2020, develops software solutions that help small and independent restaurants improve operational efficiency.
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Its Chief Executive Officer, Guy Futi, said the acquisition would enhance service delivery and expand access to financial tools for customers.
Futi assured users of a seamless transition, with no disruption to existing services or customer support.
The combined platform is expected to enable businesses to manage orders, track inventory, pay suppliers, and access working capital further strengthening digital infrastructure for Africa’s growing food and informal economy.
