Moniepoint Acquires Orda Africa to Boost Moniebook Platform

Moniepoint, a fintech powerhouse, has announced the acquisition of Orda Africa, a leading cloud-based restaurant management platform. This strategic move aims to strengthen Moniepoint's presence in Africa's rapidly expanding food service industry.

The acquisition will integrate Orda into Moniepoint's flagship Moniebook platform, which is set to launch in 2025. This integration promises to unify payment, bookkeeping, and inventory management tools into a single ecosystem tailored for small and medium-sized food businesses.

Tosin Eniolorunda, co-founder and CEO of Moniepoint, emphasized that the food industry is a major source of employment and daily commerce in Africa. Orda's CEO, Gui Futi, assured customers that existing users will retain full access to the platform while benefiting from expanded capabilities, including access to credit and a broader market reach.

The food service industry in Africa is currently valued at approximately $50 billion, with Nigeria's market projected to reach $19.31 billion by 2030, growing at an annual rate of 11.73%.