Nigerian fintech firm Moniepoint Inc. has acquired restaurant management platform Orda Africa in a move aimed at strengthening its position in Africa’s fast-growing food services and small business technology market.
The companies said on Monday that Orda will be integrated into Moniepoint’s Moniebook platform, which combines point-of-sale (POS) systems with business management tools such as bookkeeping, payments, and credit access for merchants.
Moniepoint, founded by Tosin Eniolorunda and Felix Ike in 2015, has evolved into one of Nigeria’s largest financial services distributors, serving millions of individuals and businesses across payments, banking, and lending.
The company said the acquisition will enhance its ability to serve restaurants by offering an integrated system that allows operators to manage orders, inventory, supplier payments and access working capital from a single platform.
Africa’s food service industry, valued at about $50 billion, represents a significant growth opportunity for digital platforms, with Nigeria’s segment projected to reach $19.31 billion by 2030, expanding at an estimated 11.73% annually, according to industry estimates cited by the companies.
Moniepoint said its broader ecosystem processes more than $250 billion in annual transaction value and serves over 20 million active customers, positioning it to scale Orda’s restaurant-focused solutions across its network.
Orda, founded in 2020, provides cloud-based tools tailored to small and independent restaurants, helping them digitize operations that have traditionally relied on manual processes.
Guy Futi, chief executive of Orda, said the acquisition would enable customers to access broader financial infrastructure while maintaining continuity of service.
The companies did not disclose financial terms of the transaction.
The deal reflects a broader trend of consolidation among African fintech and software platforms seeking to bundle payments, operations, and financing tools for small and medium-sized enterprises, particularly in sectors such as retail and food services.
For restaurant operators, the combined platform is expected to reduce reliance on fragmented tools while improving efficiency and access to financial services, the companies said.