Moniepoint Acquires Orda to Power Restaurant Payments

Nigerian fintech unicorn Moniepoint has acquired Orda, a cloud-based restaurant management platform, in a move to embed payments directly into the daily operations of food businesses. The deal, announced March 23, 2026, targets Africa’s $50 billion food service sector, where most businesses still operate with manual processes and fragmented tools.

What the Acquisition Delivers

Orda will be rebranded as Moniebook for Restaurants and integrated into Moniepoint’s business management platform, Moniebook. The company states that Orda will continue operating as a standalone business until the full integration is completed in the coming months.

The integration collapses a fragmented restaurant workflow into a single system. Currently, a cashier records an order in one system, processes payment on a separate POS terminal, and later reconciles both manually. Under the new setup, the cashier records a sale inside Moniebook for Restaurants, the customer pays through a Moniepoint terminal via card or bank transfer, and the system automatically confirms the payment, closes the transaction, and generates a receipt reflecting both sale and payment details.

Market Scale and Proven Traction

Orda brings substantial user base to Moniepoint. The platform currently serves over 1,000 restaurants and processed more than 5.2 million transactions in 2024. Its clients include major Nigerian franchises like Domino’s Pizza and Cold Stone Creamery, operated by Eat’N’Go.

Restaurants already constitute a significant portion of Moniepoint’s transaction volume. According to the company, Nigerians spent approximately ₦8 billion daily ($5.83 million) at restaurants in 2025 using Moniepoint’s payment infrastructure. Nigeria’s food service market is projected to reach $12.37 billion by 2026 and $19.31 billion by 2030, growing at 11.73% annually, according to Mordor Intelligence.

Why Restaurants Are Operationally Complex

Unlike retail stores, restaurants track ingredients rather than finished goods, manage menus instead of simple item lists, and deal with combos and recipes. Orda was built specifically to address these needs, offering ingredient-level inventory tracking, menu management, recipe combination control, and operational analytics tailored to restaurant workflows.

Data has shown us that Africa’s restaurant sector is one of the continent’s most dynamic economic engines, yet the majority of food businesses still operate with manual processes and fragmented tools, said Tosin Eniolorunda, group CEO of Moniepoint.

The Strategic Rationale

The acquisition reflects Moniepoint’s evolution from a payments processor into a full-stack operating system for African businesses. By owning the system where transactions happen constantly, Moniepoint gains deeper insight into restaurant operations, from sales patterns to inventory cycles, positioning it to develop lending products tailored to the sector’s cash flow patterns.

The consolidation also closes loopholes that lead to payment leakage, such as misdirected bank transfers or use of unauthorized payment terminals. By linking every transaction to the restaurant’s management system, the platform ensures all funds flow securely and transparently to the merchant’s account.

Delivery Platform Integration

A key part of the integration roadmap involves deepening connections with major food delivery platforms such as Chowdeck and Glovo. Orda already enables restaurants to aggregate and manage orders from these platforms directly within its dashboard. Moniepoint plans to expand this capability within Moniebook, allowing restaurants to manage walk-in, online, and delivery orders from one interface.

Deal Scope and Team Integration

The acquisition covers only Orda’s Nigerian operations, not its Kenyan business. According to sources close to the deal, 25 members of Orda’s team will join Moniepoint. Financial terms have not been disclosed.

Orda has found the perfect home in Moniepoint. We have spent years building deep expertise in restaurant operations, but we have always known that to truly transform the industry, we needed to connect that expertise with comprehensive financial infrastructure, said Guy Futi, Orda CEO.

The acquisition intensifies competition in Africa’s growing food-tech space. Chowdeck’s 2025 acquisition of Mira, a restaurant POS and management system, signaled a similar move to own in-store operating rails. However, Chowdeck approaches from the delivery-platform angle, while Moniepoint enters from the payments and business-management side.

The deal reflects a gradual shift in Africa’s technology ecosystem, where mergers and acquisitions are increasingly emerging as growth strategies for larger startups and exit pathways for smaller ones. Moniepoint, Flutterwave, and Paystack have all made acquisitions in 2026, signaling consolidation across Nigeria’s fintech sector.

For restaurant operators, the merger promises a single platform to manage inventory, monitor sales, control payments, and run daily operations with greater efficiency. For Moniepoint, it represents a strategic move to become an embedded partner in business growth rather than operating only at the payment stage.

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