Nigeria’s fintech unicorn Moniepoint acquires restaurant management platform Orda

Nigeria’s fintech unicorn Moniepoint, led by tech entrepreneur Tosin Eniolorunda, has acquired restaurant management platform Orda, tightening its grip on merchant services after a year that saw it process N412 trillion ($300.39 billion) in transactions.

The deal brings Orda’s tools into Moniepoint’s growing suite for small businesses, extending beyond payments into daily operations such as inventory, sales tracking and bookkeeping. Orda will be rebranded as Moniebook for Restaurants and folded into Moniebook, Moniepoint’s business management platform.

Kenya arm excluded from deal

For now, Orda will continue to run as a separate unit while integration is completed over the coming months. The acquisition covers only Orda’s Nigerian business, with its Kenyan arm left outside the deal. About 25 Orda employees are joining Moniepoint as part of the transaction. The six-year-old startup raised $4.5 million in seed funding in 2022.

CEO Tosin Eniolorunda said the move reflects a long-standing gap many African businesses face. He recalled early conversations with Orda co-founder Guy Futi about the challenge of running restaurants without reliable digital tools. “What stood out wasn’t just the idea, but how common the problem was,” Eniolorunda said. “Across sectors, businesses are doing important work but are held back by the lack of the right systems. The food sector is no different.”

He added that bringing Orda into Moniebook will allow restaurant owners to manage orders, monitor stock, pay suppliers and access credit within a single system, rather than relying on multiple platforms. Africa’s food services market is estimated at about $50 billion, yet many operators still work with limited access to finance and fragmented tools.

Transaction value climbs to $300 billion

Moniepoint’s growth has been gradual but steady since it was founded in 2015 by Eniolorunda and Felix Ike as TeamApt. A $5.5 million Series A round in 2019 from Quantum Capital Partners helped support early expansion, followed by a switching license from the Central Bank of Nigeria the same year. Funding rounds continued with backing from Novastar Ventures and QED Investors, including $50 million in pre-Series C financing.

In 2024, Moniepoint raised $110 million in a Series C round led by Development Partners International and supported by Google, lifting it to unicorn status. That capital has translated into scale. In 2025, Moniepoint handled an average of 1.67 billion transactions each month, up from 433 million in 2023. Total transaction value reached N412 trillion ($300.39 billion), roughly double the $150 billion processed two years earlier.

Loan disbursements exceed N1 trillion

The fintech company says it now serves more than six million businesses and 16 million customers. Its card usage has also risen sharply, with daily transactions hitting about 1.7 million after a 200 percent increase in users. Credit has become a larger part of the business. In 2025, Moniepoint disbursed more than N1 trillion ($713.66 million) in loans to small businesses, reporting a 36 percent rise in transaction value among borrowers after receiving credit.

The company has also started to expand beyond Nigeria. In April 2025, it introduced Monieworld, a remittance product that allows users in the United Kingdom to send money directly to Nigerian accounts. Later in the year, it rolled out Moniebook, which has signed clients including Shafa Energy and Fruitylife. With the Orda deal, Moniepoint is taking a more direct role in how businesses run day to day, not just how they get paid.