Moniepoint Acquires Orda, Targets Africa’s $50bn Food Sector

Moniepoint Inc. has announced the acquisition of Orda Africa, a cloud-based restaurant management platform, to strengthen its foothold in Africa’s rapidly expanding food services industry.

The company, in a statement to journalists, said Orda will be integrated into its Moniebook platform, an all-in-one Point-of-Sale (POS) and business management solution designed for small and medium-scale enterprises.

The acquisition positions Moniepoint to tap into Africa’s food service sector, currently valued at $50 billion, with Nigeria’s market projected to hit $19.31 billion by 2030, growing at an annual rate of 11.73 per cent.

Moniepoint said the integration would provide restaurant operators with a unified platform to manage operations, process payments, track inventory, and access credit facilities.

The company noted that since launching its business management tools in 2025, Moniebook has gained traction among thousands of businesses seeking integrated financial and operational solutions.

Commenting on the development, Co-founder/Group Chief Executive Officer of Moniepoint, Tosin Eniolorunda, said the acquisition reflects the firm’s commitment to supporting Africa’s informal sector and unlocking growth opportunities within the food industry.

“The food industry isn’t 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.

“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. By bringing Orda into Moniepoint, we are giving restaurant owners what they deserve: a single platform that handles everything from kitchen management to business growth.

“Our goal remains to create financial happiness for Africans, giving them the tools to reach their full potential, and that is exactly what we have built here,” he said.

Founded in 2015, Moniepoint has evolved into one of Nigeria’s leading financial services platforms, with operations spanning digital payments, banking, credit, cross-border transactions, and business management tools.

The company currently serves over 20 million businesses and individuals, processing more than $250 billion in annual transaction value.

On its part, Orda, founded in 2020, focuses on providing technology solutions tailored to the operational needs of small and independent restaurants across Africa.

Additionally, the chief executive officer of Orda, Guy Futi, said the integration with Moniepoint would unlock new growth opportunities for customers.“Orda has found the perfect home in Moniepoint. We have spent years building deep expertise in restaurant operations, but we have always known that to truly transform the industry, we needed to connect that expertise with a comprehensive financial infrastructure.

“For our customers, we are assuring a smooth transition with no disruption to the platform and retained access to the support you are used to. What changes is your access to opportunities.

“Over the coming weeks, being part of Moniepoint means you will have more tools, more reach, and more ways to grow your business than ever before,” he said.

However, the deal underscores a growing trend among fintech firms to provide sector-specific solutions that combine payments with operational tools.

Hence, the combined offering is expected to enable food businesses to manage orders, pay suppliers, monitor inventory, and access working capital within a single platform.

For millions of food entrepreneurs across Africa, the development is projected to reduce reliance on manual processes and multiple systems, while enhancing efficiency and scalability across the value chain.