Na big news dey ground for Naija fintech world as Moniepoint, one of our top fintech companies, don officially announce say dem don acquire Orda Africa, one platform wey dey help restaurant owners manage dia business. Dis deal wey dem announce on Monday, 23 March 2026, na part of Moniepoint plan to expand from just payment services to full business support for small and medium enterprises, especially for restaurant sector wey dey grow well-well for Nigeria.
According to di announcement, Moniepoint no reveal di exact amount of money wey dem use buy Orda Africa, but di deal go allow di two companies to combine dia strengths. Orda Africa CEO, Guy Futi, talk say dis combination go make dia company move faster, invest more money, and give better tools to restaurant owners wey dey use dia platform. Orda Africa, wey dem start for 2020, dey build software wey help independent restaurants track orders, manage kitchen operations, and monitor inventory.
For now, di acquisition cover only Orda Africa operations for Nigeria, even though di company also get presence for Kenya. Di plan na to gradually integrate Orda Africa tools into Moniepoint ecosystem, especially into Moniebook, one solution wey Moniepoint launch for 2025 to centralize sales, payments, and accounting for businesses. Di platform go continue to dey as e dey now with dia existing teams and products before dem start full integration.
Dis move by Moniepoint show say di company dey shift from just payment infrastructure to more integrated business services. Moniepoint don already expand into business banking, credit, and cross-border payments, and now with Orda Africa acquisition, dem dey target restaurant sector wey dey grow fast for Africa. According to market estimates, Africa restaurant market dey worth nearly $50 billion, and for Nigeria alone, e fit reach $19.3 billion by 2030, with growth rate of more than 11% every year.
Orda Africa don raise $1.1 million for January 2022 to support dia growth and expansion, including plans to enter South Africa market. Now with dis acquisition by Moniepoint, di company enter new phase wey go focus on expanding customer base and improving dia technology. For Moniepoint side, dis deal go strengthen dia presence for fast-growing segment and reinforce dia position for Africa business services market.
Di timing of dis acquisition dey important as Nigeria restaurant economy dey expand well-well, driven by urbanization and changing consumer habits. Many restaurant owners dey look for better ways to manage dia operations, and di combination of Moniepoint financial services with Orda Africa operational tools fit provide complete solution wey many businesses need.
Dis na not di first time Moniepoint dey make strategic moves to expand dia services. Di company don build strong reputation for payment processing and financial services for Nigerian businesses, and now dem dey position demselves as one-stop platform for business needs. Di integration of Orda Africa go allow restaurant owners to manage everything from orders and inventory to payments and business analytics from one place.
As di fintech sector for Nigeria continue to evolve, acquisitions like dis one dey show di trend toward consolidation and integration. Companies dey look for ways to offer more comprehensive services to dia customers, and di combination of financial technology with operational tools dey become more common. Dis deal fit set standard for other fintech companies wey dey look for ways to expand beyond traditional financial services.
For di broader Nigerian economy, dis kind of acquisition dey positive sign as e show investor confidence and di growth potential of our technology sector. E also demonstrate how Nigerian companies dey innovate to solve local business challenges. As Moniepoint and Orda Africa begin dia integration process, many restaurant owners dey watch closely to see how dis deal go affect dia daily operations and business growth.
Do you have a news tip for NNN? Please email us at editor @ nnn.ng
