Moniepoint Inc., Africa’s leading integrated financial ecosystem for individuals and businesses, has officially acquired Orda Africa, a prominent cloud-based restaurant management platform in Nigeria. The strategic move is aimed at enhancing digital solutions for restaurant operators, enabling them to manage operations more efficiently and scale their businesses.
The acquisition integrates Orda Africa into Moniepoint’s Moniebook platform, a comprehensive Point-of-Sale (POS) and business management system. This unification allows restaurant owners to combine payment processing, bookkeeping, and operational tools within a single ecosystem, creating a seamless business experience.
Brandspur Banking News Desk reports that Orda Africa, which has raised over $4.5 million in previous funding rounds, now forms a critical part of Moniepoint’s expanding suite of digital solutions. The integration is expected to provide restaurant operators with advanced performance tracking, streamlined supplier payments, and easier access to working capital.
Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint, emphasised the acquisition’s strategic significance, stating, “Africa’s restaurant industry is a vital economic engine. Bringing Orda into Moniepoint equips food entrepreneurs with one platform to manage their operations, grow their businesses, and access financial tools that were previously fragmented.”
Guy Futi, CEO of Orda Africa, assured clients of a smooth transition: “Our deep expertise in restaurant operations now merges with Moniepoint’s robust financial infrastructure. Customers will continue to receive full support while gaining innovative tools to grow their businesses.”
With Africa’s food service sector valued at $50 billion and Nigeria projected to reach $19.31 billion by 2030, growing at an annual rate of 11.73%, this acquisition positions Moniepoint to capture a significant share of a fast-expanding market. The merger delivers a purpose-built solution that simplifies complex processes, empowering restaurant owners across Nigeria and Africa to focus on growth, innovation, and customer satisfaction.
