The wider picture
Moniepoint, a prominent payments infrastructure provider, has been steadily expanding its product offerings to better serve the needs of businesses in Nigeria. As the food service market in Nigeria is projected to reach $12.37 billion by 2026, the demand for efficient management solutions has never been higher. This backdrop sets the stage for Moniepoint’s recent acquisition of Orda, a cloud-based restaurant management platform.
The acquisition, announced on March 23, 2026, marks a significant step for Moniepoint as it seeks to integrate Orda’s capabilities into its existing suite of services. Orda, which was founded in 2020 and raised $4.5 million in seed funding in 2022, has established a solid reputation in the restaurant management space, particularly in Nigeria and Kenya. However, the acquisition will only cover Orda’s operations in Nigeria.
As part of the deal, Orda will be rebranded as Moniebook for Restaurants, reflecting its new identity within the Moniepoint ecosystem. This integration aims to embed payment solutions directly into the daily operations of restaurants, thereby reducing reliance on manual processes. Guy Futi, a spokesperson for Moniepoint, emphasized the importance of this transition, stating, “To truly transform the industry, we needed to connect that expertise with comprehensive financial infrastructure.”
With Moniepoint processing over $250 billion in digital payment transactions annually and serving more than 20 million businesses and individuals, the acquisition is poised to enhance the operational efficiency of restaurants across Nigeria. The integration of Orda’s platform is expected to provide restaurant owners with a seamless experience, ensuring that they can focus on their core business without disruptions. Futi assured customers, “For our customers, we are assuring a smooth transition with no disruption to the platform and retained access to the support you are used to.”
As the food service industry in Africa is valued at about $50 billion, the strategic move by Moniepoint to acquire Orda aligns with the growing trend of digital transformation in the sector. The food industry is not just about feeding people; it is a major source of jobs and daily survival for many Africans, as highlighted by Tosin Eniolorunda, another key figure in the industry.
Details regarding the financial terms of the acquisition have not been disclosed, but it has been confirmed that approximately 25 members of Orda’s team will join Moniepoint as part of this transition. This infusion of talent is expected to bolster Moniepoint’s capabilities in the restaurant management domain.
Looking ahead, observers anticipate that this acquisition will not only streamline operations for restaurant owners but also enhance customer experiences through improved payment solutions. As Moniepoint continues to innovate and expand its offerings, the integration of Orda’s technology could set a new standard for restaurant management in Nigeria, paving the way for further growth in the food service market.