By Peace Udugba -The daily torch media
Moniepoint Inc. has announced the acquisition of Orda Africa, a leading cloud-based restaurant management platform, in a move aimed at transforming Africa’s fast-growing food service industry.
The announcement, made in Lagos on March 23, 2026, signals Moniepoint’s strategic expansion into the restaurant and hospitality sector, where it hopes to unlock a market opportunity estimated at $50 billion across the continent.
Under the deal, Orda will be integrated into Moniepoint’s Moniebook platform, an all-in-one Point-of-Sale (POS) and business management solution launched in 2025. The platform has quickly gained traction among African businesses by combining payments, bookkeeping, and operational tools into a single system.
With the integration, restaurant operators using Orda will now benefit from Moniepoint’s broader financial ecosystem, including access to credit, digital payments, and business management tools. The move is expected to help food businesses scale operations, improve efficiency, and drive growth.
The acquisition comes at a time when Africa’s food service industry is witnessing rapid expansion. Nigeria’s market alone is projected to reach $19.31 billion by 2030, growing at an annual rate of 11.73 percent. By combining Orda’s specialized restaurant technology with its financial infrastructure, Moniepoint aims to position itself at the center of this growth.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint has evolved into one of Nigeria’s leading financial services platforms, serving over 20 million businesses and individuals. The company processes more than $250 billion in digital transactions annually and offers services ranging from payments and banking to credit and cross-border solutions.
Speaking on the acquisition, Eniolorunda described the food industry as a critical pillar of Africa’s economy, particularly within the informal sector. He noted that many food businesses still rely on manual processes and fragmented tools, limiting their growth potential.
He said the integration of Orda would provide restaurant owners with a unified platform to manage operations and expand their businesses more effectively, adding that the company remains committed to delivering “financial happiness” for Africans.
Founded in 2020, Orda focuses on providing software solutions tailored to small and independent restaurants, helping them manage orders, inventory, and day-to-day operations more efficiently.
CEO of Orda, Guy Futi, said the acquisition marks a new chapter for the company, noting that joining Moniepoint would enable it to combine its operational expertise with strong financial infrastructure.
He assured customers of a seamless transition, stating that existing services and support would remain unchanged, while new opportunities and tools would be introduced in the coming weeks.
The combined offering is expected to deliver a comprehensive solution for food businesses, enabling them to manage orders, track inventory, pay suppliers, and access working capital within a single platform.
Industry observers say the deal underscores a growing trend of fintech companies expanding into sector-specific solutions, particularly in high-growth industries like food services.
For millions of food entrepreneurs across Africa, the acquisition is expected to reduce reliance on multiple tools and manual processes, allowing them to focus more on running and growing their businesses.
