Moniepoint acquires Orda to dominate the African food business ecosystem

Co-founder and CEO, Tosin Eniolorunda, said this acquisition was part of efforts to support the informal sector in Africa, especially food businesses which are the backbone of employment and daily trade.

“The food industry is not just about feeding people; it is a major source of employment and daily livelihood for many Africans,” he said, adding that this integration will simplify operations and open up growth opportunities for restaurateurs.

Orda CEO Guy Futi said the deal provides an opportunity to increase the reach and impact of the platform by combining operational tools with embedded financial services.

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