Moniepoint, a prominent financial services distributor, has acquired the Nigerian operations of Orda, a cloud-based restaurant management platform, for an undisclosed sum. This strategic acquisition integrates Orda’s extensive suite of restaurant management tools into Moniebook, Moniepoint’s point-of-sale and business management platform, which will now be rebranded as Moniebook for Restaurants.

Founded in 2020 by Guy Futi, Fikayo Akinwale, Mark Edomwande, Kunle Ogungbamila, and Namir El-Khouri, Orda provided crucial products for restaurants in Nigeria and Kenya. These offerings included point-of-sale systems for payments, an inventory management system, website tools, credit services, and business analytics. The startup successfully raised over $5 million from investors such as LoftyInc Capital, Microtraction, DFS Labs, and Magic Fund. While Orda’s Kenyan operations will continue to function independently, 25 members of the Orda team have already transitioned to join Moniebook.

For Moniepoint, an entity co-founded in 2015 by Tosin Eniolorunda and Felix Ike, this acquisition is not about entering a new market but rather about significantly deepening its presence within an existing, high-value sector. Restaurants already contribute a substantial share of transaction volume on Moniepoint’s network, with Nigerians spending over ₦8 billion daily through its terminals in 2025 alone. By incorporating Orda’s operational software, Moniepoint aims to embed its payment infrastructure directly into the day-to-day business workflows of restaurants. This approach allows merchants to manage orders, accept payments, and track performance within a single, unified system, moving beyond the traditional reliance on standalone terminals.

The integration directly addresses a long-standing inefficiency in the restaurant industry, where order recording and payment processing often occur in separate systems, necessitating manual reconciliation. Moniebook, with its newly integrated features, is positioned as a comprehensive operating system where transactions are automatically matched with sales records, thereby reducing errors and enhancing visibility for business owners. According to Tosin Eniolorunda, Moniepoint’s co-founder and Group CEO, the acquisition reflects the company’s next phase of growth, stating that it will give restaurant owners “one simple platform that handles everything from managing their kitchen to growing their business.”

Furthermore, this integration is expected to bolster Moniepoint’s capability to offer advanced financial services. With deeper access to critical data such as transaction patterns, inventory trends, and revenue streams, Moniepoint can more accurately assess risk and extend tailored financial products, like working capital loans, to restaurant operators. This provides a clear pathway for Orda’s technology to scale within a larger financial infrastructure, while Moniepoint gains both a ready customer base and a specialized product designed for the intricacies of restaurant operations.

The deal potentially intensifies competition within Nigeria’s burgeoning restaurant tech space, a market that has seen similar consolidation, such as Chowdeck’s acquisition of Mira in 2025. Nigeria’s food service market alone is projected to reach $19.31 billion by 2030, growing at an impressive 11.73 percent annually, making it one of Africa’s largest single-country opportunities within the continent's $50 billion food service sector. Existing Orda users are assured a smooth transition, with no disruption to the platform and continued access to support, while gaining access to Moniepoint’s broader suite of tools and services, as confirmed by Orda CEO Guy Futi. Moniepoint, with over 20 million active business and personal banking customers and processing over $250 billion in digital payments annually, is well-equipped to support this expansion.