Nigerian entrepreneur Tosin Eniolorunda's Moniepoint acquires Orda to expand into Africa's food service market

Moniepoint has acquired Orda Africa, integrating the startup's cloud-based restaurant management software into its platform, Moniebook, and creating a unified system that connects orders, payments, inventory and accounting for food vendors and restaurants. The deal extends Moniepoint's reach well beyond transaction processing into the operational infrastructure that food businesses run on daily.

Orda, founded in 2020, built its platform specifically for small and independent restaurants, enabling them to manage kitchen workflows, track orders and monitor stock levels. Its focus on operators outside the formal financial system made it a logical fit for Moniepoint's longstanding strategy of serving the informal economy.

Guy Futi, who leads Orda, said the combination allows operational data generated by restaurants to connect directly with financial services, including payments and credit. Customers will continue using Orda's tools while gaining access to Moniepoint's broader infrastructure.

Tosin Eniolorunda framed the acquisition as targeting a critical but underserved segment. Food businesses remain central to employment and daily commerce across Africa, yet many still rely on fragmented or manual processes and lack meaningful access to credit, largely because they have limited financial records to present to lenders. By embedding Orda's tools into its platform, Moniepoint gains real visibility into how restaurants operate, from sales cycles to inventory patterns, and that data could support tailored lending products.

The timing reflects a broader shift among African fintech firms. Many are moving beyond transaction processing toward full-service platforms combining software, payments and lending. Restaurants have become a priority target because of their high transaction frequency and consistent working capital needs.

Africa's food service sector is estimated at roughly $50 billion, with urbanization and shifting consumer habits driving rapid growth. Nigeria's market alone is projected to reach $19.3 billion by 2030, expanding at more than 11 percent annually.

Moniepoint, co-founded by Eniolorunda and Felix Ike in 2015, now serves more than 20 million users and processes over $250 billion in annual transactions. The Orda deal intensifies competition in Africa's food-tech space while positioning Moniepoint to capture a segment of the market that remains largely offline and significantly underpenetrated.