Nigerian Startup Secures $1.1M to Revolutionize Restaurant Management Across Africa

Nigerian Startup Secures $1.1M to Revolutionize Restaurant Management Across Africa

The restaurant management technology space in Africa is witnessing rapid development as startups target an underserved market of small and medium-sized businesses reliant on outdated operational methods. One such player is Nigeria-based Orda, which recently raised $1.1 million in pre-seed funding to expand its services across the continent.

Led by LoftyInc Capital, the funding round included participation from Techstars Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, Microtraction, DFS Labs, Oxford Seed Fund, Enza Capital, Agrolay Advisors, and angel investors.

Transforming Restaurant Operations in Africa

Orda offers a cloud-based platform tailored for African restaurants, enabling businesses to digitize their operations and eliminate traditional pen-and-paper methods. The software includes features like payment integration, inventory management, logistics, and analytics, helping smaller establishments streamline their processes.

According to CEO Guy Futi, the focus is on “bukkas” (local restaurants) and small eateries that lack access to advanced restaurant management tools. These businesses often spend hours reconciling finances and handling inventory manually. Orda’s solution addresses these challenges while providing a scalable tool for operations.

A Comprehensive Approach to Food Business Management

Orda integrates with popular food delivery services such as Jumia Food, Glovo, and Bolt Food, offering restaurants a centralized dashboard to manage in-store and online orders. Additionally, the platform supports ePOS systems, enabling operations in areas with limited internet connectivity.

Co-founder and CTO Fikayo Akinwale emphasized that Orda’s development is the result of extensive customer feedback, stating, “We can confidently say that no one has done as much work as we have to build an end-to-end solution for our food business owners.”The startup claims that its gross merchandise value (GMV) grows by 15% weekly, processing around 10,000 transactions each week. Restaurants pay between $5 and $50 monthly to access the platform, making it accessible to businesses of various sizes.

Future Plans: Financial Products and Regional Expansion

Orda plans to introduce financial services, such as lending and payment processing, to further support its clients. Drawing inspiration from international companies like Toast, which generate significant revenue from financial technology offerings, Orda sees an opportunity to replicate similar success in Africa.

The startup also aims to expand its white-label app services for restaurants, allowing them to build branded digital platforms using Orda’s infrastructure. With operations currently in Nigeria and Kenya, the company intends to enter South Africa by the end of the year.

Investor Confidence in Orda’s Mission

Lead investor Idris Ayo Bello from LoftyInc Capital praised Orda’s approach, stating, “The team has done the hard work of figuring out the core problems that African restaurant owners are facing and is building a solution that can revolutionize the food business across the continent.”With this funding and its ambitious roadmap, Orda is positioning itself as a leader in Africa’s emerging restaurant technology sector, aiming to empower businesses with the tools they need to thrive in an increasingly digital world.

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