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With Funsho Arogundade
Tosin Michael Eniolorunda, the Co-Founder and Group CEO of Moniepoint Inc., is not contented serving as Africa’s trusted all-in-one financial ecosystem platform for individuals, businesses especially those in the informal sector and their customers. The platform is eyeing Africa’s $50 billion food service industry with Nigeria’s market alone projected to reach $19.31 billion by 2030, growing at 11.73 per cent annually. To capture this huge opportunity, Moniepoint on Monday March 23 announced the acquisition of ORDA Africa, a leading cloud-based restaurant management platform operating in Nigeria.
Data has shown 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. By bringing ORDA into Moniepoint, Eniolorunda said the platform will be giving restaurant owners what they deserve: one simple platform that handles everything from managing their kitchen to growing their business. Under the terms of this acquisition, Orda will become part of the Moniebook platform —Moniepoint’s all-in-one Point-of-Sale (POS) and business management platform. Since launching this business management tools product in 2025, Moniebook has rapidly become the go-to platform for thousands of African businesses seeking integrated financial and operational tools, seamlessly unifying payments and bookkeeping in one platform.
But ORDA, founded in 2020 to give Africa’s small and independent restaurants the tools they need to run more efficiently, has found the perfect home in Moniepoint.
For the millions of food entrepreneurs across the continent —from the everyday buka owner to the high-end restaurateur— this acquisition means less time managing multiple tools or carrying out arduous manual work and more time doing what they do best: feeding Africa.
Eniolorunda co-founded Moniepoint with his buddy, Felix Ike in 2015. The fintech entrepreneur now serves more than 20 million users and processes over $250 billion in annual transactions.
