Moniepoint, the Nigerian fintech valued at more than $1 billion, acquired the Nigerian operations of Orda, a cloud-based restaurant management platform, the companies said on March 23, 2026. The price was not disclosed.
Orda will be renamed Moniebook for Restaurants and folded into Moniebook, the business management software Moniepoint launched in 2025. According to Techpoint Africa, 25 members of the Orda team have already joined Moniebook. Orda's Kenyan operations are not part of the deal and will continue to run independently.
Orda will keep operating on its own until the integration is finished in the coming months. Its chief executive, Guy Futi, told customers to expect "a smooth transition with no disruption to the platform" and said they would keep their current support.
What Orda built
Orda was founded in 2020, originally under the name StarKitchen, by Guy Futi, Fikayo Akinwale, Mark Edomwande, Kunle Ogungbamila and Namir El-Khouri. It built software for small and independent restaurants: point of sale and payments, order management, inventory tracking, supplier payments, website tools, credit and business analytics.
The company says it serves more than 1,000 restaurants and processed over 5.2 million transactions in 2024, according to a Daba Finance report. Its clients include restaurant chains run by Eat'N'Go, which operates the Domino's Pizza and Cold Stone Creamery franchises in Nigeria. Orda operated in both Nigeria and Kenya.
“Africa's restaurant sector is one of the continent's most dynamic economic engines”
Why Moniepoint is buying
Restaurants already account for a large share of the payments that pass through Moniepoint's network. The company said Nigerians spent about ₦8 billion (about $5 million) a day at restaurants through its terminals in 2025. Techpoint Africa described the deal as a way to deepen an existing position rather than open a new market.
Under the combined setup, a cashier records a sale in Moniebook for Restaurants and the customer pays by card or bank transfer on a Moniepoint terminal. Because the two records are linked, payments are reconciled with sales automatically, and owners can follow performance from the Moniebook dashboard. Owners will be able to manage orders, track stock, pay suppliers and get working capital in one place. Techpoint Africa noted that transaction, inventory and revenue data could also support lending decisions.
"Africa's restaurant sector is one of the continent's most dynamic economic engines," said Tosin Eniolorunda, Moniepoint's co-founder and group CEO. He added that "the majority of food businesses still operate with manual processes and fragmented tools." He also said: "The food industry isn't just about feeding people, it's a major source of jobs and daily survival for many Africans."
The founders and the funding
Orda raised a $1.1 million pre-seed round in January 2022, led by LoftyInc Capital. Techstars Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, Microtraction, DFS Lab, Oxford Seed Fund, Enza Capital and Agrolay Advisors also took part, along with angel investors including Ire Aderinokun, Jesse Ovia and Ademola Adesina. At the time it reported processing up to 10,000 transactions a week.
According to Techpoint Africa, Orda raised more than $5 million in total. Futi said the company had found "the perfect home" at Moniepoint, and added: "We have spent years building deep expertise in restaurant operations." Addressing customers, he said: "What changes is your access to opportunities." Moniepoint says Moniebook has onboarded thousands of African businesses since its launch.
A busy market for restaurant software in Nigeria
Moniepoint was founded in 2015 by Tosin Eniolorunda and Felix Ike. It says it serves more than 20 million business and personal banking customers and processes more than $250 billion in digital payments a year through its subsidiaries. It became a unicorn in October 2024 after a $60 million Series C round.
The deal follows a similar move by a local rival. In 2025 Chowdeck acquired Mira, a startup that offered point-of-sale, inventory and customer engagement tools for restaurants. Nigeria's food service market is worth about $12.4 billion in 2026 and is expected to reach $21.4 billion by 2031, according to Mordor Intelligence figures cited by Connecting Africa.
