Tosin Eniolorunda expands business
By Oladapo Sofowora Tosin Eniolorunda, the founder of fintech powerhouse Moniepoint, is looking to change the rhythm having conquered the payments landscape by putting point-of-sale (POS) terminals in the hands
By Oladapo Sofowora
Tosin Eniolorunda, the founder of fintech powerhouse Moniepoint, is looking to change the rhythm having conquered the payments landscape by putting point-of-sale (POS) terminals in the hands of agents across Nigeria, Eniolorunda is making a significant pivot that moves him from the sidelines of transactions to the center of kitchen operations. His recent acquisition of Orda Africa, a cloud-based restaurant management software founded in 2020, signals a new chapter not just for his company, but for the lifestyle of the African entrepreneur.
For the restaurateur, this merger represents the convergence of two worlds that were previously separate. In the past, taking a payment via a bank transfer or POS was one action; reconciling that payment with inventory spoilage, staff salaries, and supplier debt was another, often done by hand late at night. By integrating Orda’s tools into the Moniepoint platform, Eniolorunda is offering a unified system that connects orders, payments, inventory, and accounting.
This shift speaks to a deeper lifestyle need: the desire for control and visibility. The food business is the lifeblood of employment and daily commerce across Africa, but it is also a space defined by high burnout. Many operators find themselves trapped in fragmented manual processes, unsure of their true profit margins because they lack the data to see the full picture.
Eniolorunda’s vision taps into the reality that for these business owners, access to capital is often a pipe dream. Without formal financial records just the scribbled notes in a well-worn notebook lenders have no way to assess risk.
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But by embedding Orda’s software into his ecosystem, Eniolorunda is doing more than just selling a tool; he is creating a financial identity for the informal eatery.
In essence, Eniolorunda is moving from being the person who simply processes a customer’s payment to being the partner who helps the business owner understand their own worth. For the millions of food vendors who start their day in the market before dawn and end it counting cash after the last plate is served, this integration promises a new lifestyle one where technology handles the chaos of administration, allowing them to focus on what they love: feeding their community.
It is a reminder that in the African tech ecosystem, true innovation often lies not in replacing the informal sector, but in building the infrastructure that allows it to thrive without losing its soul.
