Moniepoint acquired Orda Africa to expand restaurant management solutions. The deal integrates Orda into the Moniebook platform.
Moniepoint Inc announced the acquisition on March 23, 2026. Orda is a cloud-based restaurant management platform in Nigeria. The financial terms were not disclosed publicly.
Targeting Africa’s Restaurant Economy
The acquisition positions Moniepoint to capture Africa’s growing food sector. Africa’s food service industry is valued at $50 billion. Nigeria’s market is projected to reach $19.31 billion by 2030.
Moniebook launched its business management tools in 2025. The platform combines payments and bookkeeping in one system. Orda is rebranding to Moniebook for Restaurants.
What Orda Brings
Orda was founded in 2020 to serve Africa’s restaurant sector. The platform helps small restaurants run more efficiently. It provides software for businesses without digital tools.
Orda raised $4.5 million in seed funding in 2022. The platform operates in Nigeria and Kenya currently. However, this acquisition covers only Nigerian operations.
Leadership Perspectives
Tosin Eniolorunda, Moniepoint’s co-founder and CEO, emphasized the sector’s importance. “The food industry isn’t just about feeding people,” he stated. He highlighted the informal sector’s vital economic role.
Eniolorunda noted that most food businesses use manual processes. “Africa’s restaurant sector is one of the continent’s most dynamic engines,” he explained.
Guy Futi, Orda’s CEO, praised the partnership’s strategic fit. “We have found the perfect home at Moniepoint,” he stated. He reassured existing customers about service continuity.
Integrated Solutions
The combined platform offers comprehensive restaurant management capabilities. Restaurant owners can manage orders, track inventory, and pay suppliers. They gain access to working capital through infrastructure.
The integration connects operations with existing payment terminals. This enables seamless transaction processing. Restaurants access embedded financing based on performance.
Real-time inventory tracking monitors stock levels across locations. The system includes automated re-ordering capabilities. Restaurants can create branded microsites.
Nigerians spent ₦8 billion daily at restaurants using Moniepoint in 2025.
Addressing Operational Challenges
Most restaurants operate with disconnected systems. Cashiers record orders in one system and process payments separately. Manual reconciliation increases errors and inefficiencies.
The integrated solution eliminates fragmented processes. Restaurant operations connect directly with payment processing. Businesses gain better visibility over transactions.
Moniepoint’s Expanding Ecosystem
Moniepoint was founded in 2015 by Tosin Eniolorunda and Felix Ike. The company is Nigeria’s leading financial services distributor.
Moniepoint serves more than 20 million active businesses and customers. The company processes over $250 billion annually.
Moniepoint offers digital payments, business banking, and personal banking. The platform provides credit and cross-border payments.
Industry Implications
The acquisition reflects fintech firms’ evolution beyond basic payments. Companies increasingly offer operational tools to businesses. They target specific sectors rather than generic solutions.
The deal may intensify competition in Africa’s growing food-tech space.