Moniepoint Expands Into Food Sector with Orda Acquisition

Moniepoint Expands Into Food Sector with Orda Acquisition

Moniepoint Inc. has acquired Orda Africa, a Nigeria-based cloud software provider for restaurants, as part of efforts to deepen its footprint in Africa’s fast-growing food services industry.

The company disclosed the move in a statement on Monday, noting that the acquisition will see Orda integrated into its Moniebook platform; an all-in-one point-of-sale and business management solution.

According to Moniepoint, the deal is designed to strengthen its offerings to food businesses by combining payment systems, operational tools, and access to credit within a single platform.

The fintech firm said the expansion comes at a time when Africa’s food service sector is witnessing rapid growth, with the market estimated at about $50 billion. In Nigeria alone, the industry is projected to hit $19.31 billion by 2030.

Speaking on the development, Moniepoint’s co-founder and CEO, Tosin Eniolorunda, said the acquisition is aimed at unlocking the potential of a key sector that supports millions of livelihoods across the continent.

“The food industry isn’t just about feeding people; it is a major source of jobs and daily survival for many Africans,” he said.

“By bringing Orda into Moniepoint, we are giving restaurant owners one simple platform that handles everything from managing their kitchen to growing their business.”

Founded in 2020, Orda provides software solutions that help small and independent restaurants manage orders, monitor inventory, and streamline daily operations.

Its CEO, Guy Futi, described the acquisition as a strategic fit that will unlock new opportunities for customers.

“We have always known that to truly transform the industry, we needed to connect our expertise with strong financial infrastructure. For our customers, this means more opportunities with no disruption to their current operations,” he said.

Moniepoint added that the combined platform will enable food entrepreneurs — from roadside vendors to large restaurant operators — to better manage their finances and operations, while also gaining easier access to working capital.

The company said the integration reinforces its long-term vision of building a comprehensive digital ecosystem to support small and medium-sized businesses across Africa.