Moniepoint Buys Restaurant Tech Startup Orda Africa

Nigerian fintech company Moniepoint Inc. has acquired Orda Africa, a cloud-based restaurant management platform, in a move that marks its entry into Africa’s $50 billion food services sector.

The deal, announced on Monday, will see Orda folded into Moniebook — Moniepoint’s all-in-one point-of-sale and business management platform launched in 2025. About 25 members of Orda’s team have joined Moniepoint as part of the transaction, the terms of which were not disclosed.

The acquisition only covers Orda’s Nigerian operations. Orda also runs services in Kenya, leaving the possibility of a broader consolidation involving its Kenyan arm open for the future.

Tosin Eniolorunda, co-founder and Group CEO of Moniepoint, tied the deal directly to the gap he says still defines the industry.

“Data has shown us that Africa’s restaurant sector is one of the continent’s most dynamic economic engines. Yet the majority of food businesses still operate with manual processes and fragmented tools,” he said.

Guy Futi, CEO of Orda, said joining Moniepoint unlocks a layer of value the company could not build alone.

“To truly transform the industry, we needed to connect that expertise with comprehensive financial infrastructure. For our customers, we are assuring a smooth transition with no disruption — what changes is your access to opportunities,” Futi said.

A Sector Worth $50 Billion, Mostly Still Offline

The timing of the deal reflects deliberate strategy. Nigeria’s food service market is projected to reach $19.31 billion by 2030, growing at an annual rate of 11.73 per cent. Despite that scale, most restaurants in Nigeria still manage orders, inventory, and accounts separately — often on paper.

Orda’s platform already powers restaurant operations for major Nigerian chains, including those under the Eat’N’Go group, which operates Domino’s Pizza and Cold Stone Creamery franchises across Nigeria. By 2024, over 1,075 restaurants relied on Orda, with more than 31,600 menu items listed on the platform.

With Orda now embedded in Moniebook, restaurant operators will manage orders, track inventory, pay suppliers, and access working capital from a single platform. The acquisition also increases the number of unique businesses using Moniebook by close to 50 per cent.

Moniepoint also plans to deepen Orda’s existing connections with food delivery platforms Chowdeck and Glovo, allowing restaurants to manage walk-in, online, and delivery orders from one unified interface.

The acquisition marks Moniepoint’s fourth major deal in Nigeria’s startup space this year alone, following Flutterwave’s purchase of Mono, Paystack’s acquisition of Ladder Microfinance Bank, and Andela’s buyout of Woven. Restaurants are only the first step — there are indications that Moniepoint plans to build or acquire industry-specific software for other sectors as it continues to scale Moniebook.

Moniepoint, founded in 2015, serves more than 20 million businesses and individuals and processes over $250 billion in digital payments annually.