Moniepoint acquires Orda to expand into Africa’s $50bn food industry

Moniepoint Inc. has acquired restaurant management startup Orda Africa in a strategic move to deepen its presence in Africa’s fast-growing food service sector.

The acquisition will see Orda’s cloud-based restaurant software integrated into Moniepoint’s business platform, Moniebook, enabling food vendors and restaurant operators to manage orders, payments, inventory and accounting within a single system.

The deal reflects a broader shift among African fintech firms, which are increasingly moving beyond payment services to provide end-to-end business solutions and credit access for small enterprises, particularly in the informal sector.

Speaking on the development, Moniepoint’s co-founder and CEO, Tosin Eniolorunda, described the food sector as one of Africa’s most dynamic yet underserved industries.

“The food industry is a major source of jobs and daily survival for many Africans,” he said, noting that many businesses still depend on manual processes and fragmented tools.

Founded in 2020, Orda provides digital tools tailored to small and independent restaurants, helping them track orders, manage kitchen workflows and monitor inventory. Its CEO, Guy Futi, said the acquisition would combine operational technology with financial services such as payments and credit.

Moniepoint, founded in 2015, currently serves over 20 million users and processes more than $250 billion in transactions annually.

The company is expected to leverage Orda’s data capabilities to develop tailored lending products for food businesses that traditionally face barriers to accessing credit.

The move positions Moniepoint to tap into Africa’s rapidly expanding food market, driven by urbanisation and rising demand for dining services, while empowering millions of small food entrepreneurs with digital tools and financing opportunities.