Moniepoint Buys Orda to Dominate Africa’s Booming Food Economy

Fintech giant Moniepoint has acquired Orda Africa, a cloud-based restaurant management platform, in a strategic move to deepen its footprint in Africa’s rapidly expanding food services sector.

The deal signals a broader shift in Nigeria’s fintech landscape, where companies are increasingly scaling through acquisitions and ecosystem expansion.

A Unified Platform for Food Businesses

Moniepoint announced that Orda will be integrated into its Moniebook platform—an all-in-one solution launched in 2025.

This integration will allow small and medium-sized food businesses to manage:

Payments
Bookkeeping
Orders and inventory
Supplier transactions
Access to credit

—all within a single ecosystem.

The move is designed to simplify operations for restaurants and food vendors, many of whom still rely on manual systems.

What the CEOs Are Saying

Co-founder and CEO of Moniepoint, Tosin Eniolorunda, emphasised the importance of the food sector to Africa’s economy:

“The food industry isn’t just about feeding people, it’s a major source of jobs and daily survival for many Africans.”

He added that the acquisition aligns with Moniepoint’s mission to empower the informal sector by providing tools that drive efficiency and growth.

CEO of Orda, Guy Futi, described the deal as an opportunity to scale impact:

“This partnership allows us to combine operational tools with financial services, unlocking more value for our customers.”

He also assured users that existing services will remain intact while new capabilities—such as access to credit—will be introduced.

Riding the Wave of Fintech Consolidation

The acquisition comes amid a surge of deal-making in Nigeria’s tech ecosystem:

Flutterwave acquired Mono
Paystack (owned by Stripe) acquired Ladder Microfinance Bank
Andela acquired Woven

These deals highlight a growing trend toward selective consolidation, as companies expand capabilities and adapt to tighter funding conditions.

Africa’s food services market is estimated at $50 billion, with Nigeria alone projected to reach $19.31 billion by 2030, growing at an annual rate of 11.73%.

By integrating Orda into Moniebook, Moniepoint is positioning itself at the centre of this growth—digitising restaurant operations while embedding financial services into everyday business activities.

What This Means Going Forward

With Orda’s technology now part of Moniepoint’s ecosystem, food business owners will gain access to a more seamless, end-to-end platform combining operations with finance.

More broadly, the deal reinforces a key shift in Africa’s fintech space: from standalone services to fully integrated business ecosystems

As competition intensifies, companies that can offer both operational tools and financial infrastructure are likely to emerge as dominant players.