Nigerian Unicorn Moniepoint Acquires Orda Africa to Expand Into Food Service

News World

Published by Stephen Oluwadara at March 24, 2026

An Acquisition to Better Serve Nigeria’s Food Service Industry

Africa’s food service market is expanding rapidly, driven by growing urban populations and increasing consumer demand for eating out. Nigeria’s restaurant market alone is projected to reach $19.3 billion by 2030, growing at over 11% annually.

Yet, supporting infrastructure lags behind. Restaurant owners struggle with disconnected systems, manual processes, and limited data access, hindering growth and scaling.

Moniepoint co-founder and group CEO, Tosin Eniolorunda, described the food sector as one of Africa’s most active yet underserved industries. “The food industry is a major source of jobs and daily survival for many Africans,” Eniolorunda said, noting that many businesses still rely on manual processes and disconnected tools.

However, Orda’s platform, founded in 2020, addresses this by offering payments, inventory management, microsites, and credit, enabling top food service businesses to manage operations efficiently.

Moniepoint’s all-in-one business management solution, Moniebook, will give Orda a significant boost. The all-in-one bookkeeping and business management platform already helps thousands of businesses across Nigeria manage payments, sales, and inventory on a single platform.

How Orda will Fit into Moniepoint’s Vision

With this acquisition, Orda will be integrated into the Moniebook platform, delivering a complete solution tailored to the food service industry. Restaurant owners can track inventory in real time across items and locations, with stock-level monitoring and automated reordering to keep operations running smoothly.

Moreover, they get built-in tools to create and manage branded microsites, along with comprehensive financial reports that provide insight into top-selling items, peak sales hours, and top-performing categories. Staff management tools are also integrated to help organise roles and manage system access for operational efficiency.

Guy Futi, Orda CEO, said joining the fintech giant would allow the company to connect operational data from restaurants with financial services such as payments and credit. “To truly transform the industry, we needed to connect that expertise with comprehensive financial infrastructure,” Futi said, noting that customers would keep on using the platform while gaining access to new services.

What’s Moniepoint Getting From This Deal

For Moniepoint, the acquisition extends Moniebook’s reach beyond its current merchant base into the food service sector. The business management platform is already used by thousands for unified payments and bookkeeping.

Furthermore, integrating Orda’s tools could give Moniepoint deeper insights into restaurant operations, from sales patterns to inventory cycles, enabling tailored lending products for the sector.

Moniepoint, founded in 2015 by Eniolorunda and Felix Ike, has rapidly grown as one of Nigeria’s foremost fintech startups. The Lagos-based company says it serves more than 20 million businesses and individuals and processes over $250 billion in digital payment transactions annually.

In addition, the African unicorn is one of the country’s largest merchant acquirers, powering a significant share of point-of-sale transactions across Nigeria.

This acquisition indicates how fintech firms are increasingly targeting specific sectors rather than offering generic financial services. Restaurants and food vendors are attractive because they generate daily transactions and rely on steady supply chains, creating opportunities for lending and financial data analysis.

Main Image: Tosin Eniolorunda, CEO Moniepoint.