Financial technology company Moniepoint has expanded its support for small and medium enterprises by acquiring Orda Africa, a technology startup focused on restaurant management solutions. The move is aimed at enhancing digital tools available to SMEs in the hospitality sector.
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Expansion into restaurant technology
Orda Africa provides cloud-based systems that help restaurants manage orders, track inventory, and handle supplier payments efficiently. By integrating these capabilities into Moniepoint’s existing platform, the company aims to create a more comprehensive solution for business owners.
The integration will allow restaurant operators to manage daily operations from a single platform while gaining access to financial services such as payments and lending. This approach is designed to simplify business processes and improve overall efficiency.
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Benefits for SMEs
For restaurant owners and food businesses, the acquisition offers access to tools that can improve decision-making and operational control. With better data on sales and inventory, businesses can reduce waste, optimise pricing, and enhance customer experience.
In addition, Moniepoint’s platform enables SMEs to access working capital based on transaction history, making it easier to secure funding without traditional collateral requirements.
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Business implication
The acquisition highlights increasing investment in technology-driven solutions for SMEs in Nigeria. Digital platforms are becoming essential for managing operations, accessing finance, and scaling businesses.
As fintech companies continue to expand their offerings, SMEs are expected to benefit from improved access to tools that support growth and competitiveness, particularly in sectors such as hospitality where efficiency is critical.
