Moniepoint Acquires Orda Africa to Boost Africa’s $50 Billion Restaurant Economy

Moniepoint Inc. (“Moniepoint” or the “Company”), Africa’s comprehensive financial ecosystem platform serving individuals, businesses, and their customers, announced today the acquisition of Orda Africa (“Orda”), a prominent cloud-based restaurant management platform operating in Nigeria.

Under the terms of this deal, Orda will become an integral part of the Moniebook platform, Moniepoint’s all-in-one Point-of-Sale (POS) and business management solution. Since its launch in 2025, Moniebook has swiftly established itself as the preferred platform for thousands of African businesses seeking integrated financial and operational tools—seamlessly combining payments and bookkeeping into one unified system.

With the integration of Orda, restaurant owners will now have access to this proven ecosystem, unlocking unprecedented opportunities to scale their operations, optimize performance, and access credit. Additionally, they will benefit from Moniepoint’s extensive reach, which has fueled growth for millions of African businesses.

This acquisition arrives at a pivotal moment for Africa’s food service industry, which is experiencing remarkable growth. The sector is valued at $50 billion, with Nigeria’s market alone projected to reach $19.31 billion by 2030, growing at an annual rate of 11.73%. With Orda’s restaurant-focused capabilities now embedded within the Moniepoint ecosystem, the platform is well-positioned to capitalize on this expanding opportunity.

Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint has grown into one of Nigeria’s leading distributors of financial services and a trusted platform for many MSMEs, particularly in the informal sector. The company has diversified its offerings to include digital payments, business and personal banking, credit, cross-border payments, and business management tools. Currently, Moniepoint serves over 20 million active businesses and personal banking customers, processing more than US$250 billion annually in digital payments.

Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc., said:
*“The food industry isn’t just about feeding people, it’s 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: one simple platform that handles everything from managing their kitchen to growing their business. Our goal remains to create financial happiness for Africans, giving them the tools to reach their full potential and that’s exactly what we’ve built here.”*

Founded in 2020, Orda was created to provide Africa’s small and independent restaurants with essential tools to operate more efficiently, offering purpose-built software for businesses that previously managed without such technology.

Guy Futi, CEO of Orda, reassured existing 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 comprehensive financial infrastructure. That’s exactly what this integration delivers. 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’ll have more tools, more reach, and more ways to grow your business than ever before.”*

By combining their strengths, Moniepoint and Orda are offering a purpose-built solution that empowers food businesses at every level—enabling them to manage orders, track inventory, pay suppliers, and access working capital—all within a seamless experience. This move underscores a clear commitment to building a dedicated financial infrastructure tailored to the complex needs of Africa’s food economy.

For countless food entrepreneurs across the continent—from humble buka owners to upscale restaurateurs—this acquisition means less time spent on manual work and more time focused on their core passion: feeding Africa.