Moniepoint Acquires Orda to Boost Africa’s Food Service Economy
Moniepoint Inc. has acquired Orda Africa to strengthen its presence in Africa’s fast-growing food service sector valued at about 50 billion dollars.
Orda Africa (“Orda”) is a leading cloud-based restaurant management platform operating in Nigeria. The acquisition will integrate Orda into Moniepoint’s Moniebook platform, an all-in-one point-of-sale and business management solution launched in 2025.
The platform provides African businesses with integrated financial and operational tools that combine payments and bookkeeping in a single system.
Moniepoint, in a statement on Monday in Lagos, said the move would enable restaurant operators to scale operations, improve efficiency and gain access to credit through its ecosystem.
The company said that Africa’s food service industry was expanding rapidly, with Nigeria’s market projected to reach 19.31 billion dollars by 2030.
It said that the sector was expected to grow annually at 11.73 per cent, presenting significant opportunities for digital platforms. Moniepoint was founded in 2015 by Tosin Eniolorunda and Felix Ike.
The company has grown into a major financial services provider, supporting over 20 million businesses and individuals across Africa. It processes more than 250 billion dollars in digital payments annually through its subsidiaries.
Eniolorunda said the food industry remained a critical source of jobs and livelihoods across the continent. He said that many food businesses still relied on manual processes and fragmented tools, limiting growth and efficiency.
According to him, the integration of Orda will provide restaurant owners with a single platform to manage operations and expand their businesses.
He said the development reflected growing efforts to build financial infrastructure tailored to Africa’s informal and food economy. He said that the acquisition was expected to reduce reliance on manual processes and improve productivity among food entrepreneurs across the continent.
“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.
The Chief Executive Officer of Orda, Guy Futi, said the acquisition would enhance service delivery to customers. Futi assured users of a seamless transition, with no disruption to existing services or customer support.
He said the integration would expand access to financial tools and growth opportunities for restaurant operators. The combined platform will enable businesses to manage orders, track inventory, pay suppliers and access working capital Quant Gains 8% on Robinhood Listing Announcement
