Moniepoint, a leading fintech company, has acquired Orda Africa, a cloud-based restaurant management platform. This strategic move strengthens Moniepoint’s presence in Africa’s rapidly growing food services industry.
The company announced on Monday that Orda will be integrated into its Moniebook platform, an all-in-one point-of-sale (POS) and business management solution set to launch in 2025. This integration will streamline payments, bookkeeping, and operational tools into a unified ecosystem designed for small and medium-sized food businesses.
Driving Consolidation in Nigeria’s Fintech Sector
Moniepoint’s acquisition reflects a broader trend of consolidation in Nigeria’s fintech space. Where companies are expanding their capabilities through acquisitions and partnerships.
In January 2026 alone, three major deals were announced:
- Flutterwave acquired Mono.
- Pastack acquired Ladder Microfinance Bank.
- Andela acquired Woven.
These transactions highlight the growing momentum in the sector.
Leadership Perspectives
However, Tosin Eniolorunda, Co-founder and CEO of Moniepoint, emphasized the company’s commitment to supporting Africa’s informal sector. Particularly food businesses that are vital to employment and daily commerce.
“The food industry isn’t just about feeding people—it’s a major source of jobs and survival for many Africans,” Eniolorunda said. He added that the integration will simplify operations and unlock growth opportunities for restaurant owners.
Also, Guy Futi, CEO of Orda, expressed excitement about the partnership. Noting that it will scale Orda’s impact by combining operational tools with financial services. He assured customers of a smooth transition, with existing users retaining access to the platform while gaining new features like credit access and expanded market reach.
The Bigger Picture
However, Africa’s food services industry is currently valued at $50 billion. With Nigeria’s segment projected to reach $19.31 billion by 2030, growing at an annual rate of 11.73%.
Moniepoint aims to capture a larger share of this market by digitizing restaurant operations, many of which still rely on manual processes.
Under the acquisition terms, Orda will become part of the Moniebook platform. With Orda’s software now integrated, restaurant operators can manage orders, track inventory, pay suppliers, and access working capital—all from a single platform.
Additionally, the move gives restaurant owners access to Moniepoint’s broader financial infrastructure, including payment processing and credit services.
