ADVERTISEMENT
TechEconomy
Friday, May 9, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Orda raises $1.1m pre-seed to build software for African chefs, caterers and restaurants 

Orda raises $1.1m pre-seed to build software for African chefs, caterers and restaurants 

Yinka Okeowo by Yinka Okeowo
January 18, 2022
in StartUPs
0

RelatedPosts

YC-Backed CodeAnt AI Raises $2M

YC-Backed CodeAnt AI Raises $2M to Automate Code Reviews as AI Coding Surges

May 7, 2025

Soludo Empowers 1 Million Anambra Digital Tribe

May 7, 2025

Following 18 months of building and iterating, Orda has announced the completion of its $1.1 million pre-seed raise.

The round was led by Lofty Inc Capital, and had participation from Techstars – Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, Microtraction, DFS Labs, Oxford Seed Fund, Enza Capital, Agrolay Advisors, Ire Aderinokun, Jesse Ovia, Ademola Adesina, and other angel investors.

Founded by Guy Futi (CEO), Adinlewa “Fikayo” Akinwale (CTO), Mark Edomwande, Kunle Ogungbamila, and Namir El-Khouri, Orda.Africa is a cloud-based restaurant operating system built for African chefs and food business owners.

Orda raises $1.1 million pre-seed

United BANK

Orda’s ePos, integrations, and lending solutions enable Africa’s millions of food business owners to grow and scale their businesses. With Orda, restaurants can manage end-to-end operations from one place.

Orda has developed a full-stack approach to integrating local payments, logistic companies while building inventory management, and business analytics for small to medium-sized food businesses. It says it is the only technology solution on the continent that allows restaurants to accept and process all their in-store, website, social media, Whatsapp, Jumia Food, Glovo, Bolt Food orders from one easy-to-use interface.

Guy Futi, CEO of Orda
Guy Futi, CEO of Orda

Speaking on the inspiration behind the technology, Guy Futi, CEO of Orda said “We kept trying to address the very real pain points of chefs, caterers and small restaurants and from that Orda grew. Before Orda, a small food business owner could spend up to 4 hours a day  reconciling transactions while trying to figure out losses. We looked to alleviate that burden. In the process we noticed that food business owners were not fully integrated with local payment solutions, online sales channels, and logistic providers. This made their operations even more difficult.”

Although a relatively new technology subsector, cloud-based points of sales have been rising in popularity in recent years.

A 2021 report put the global market size at $72.8 billion is expected to reach USD 116.27 billion by 2026. In the US, market leaders, Toast —which Orda is modeled after, announced revenues of $486.4 million in Q3 2021.

United BANK

In Africa, Orda is believed to be among the first bottom-up software providers for restaurants. Built by an African team, the startup’s cloud-based solution factors peculiarities unique to the market. For instance, their ePos has the ability to operate in remote areas with little to no internet coverage.

“Orda was built from a near 18 months of a collaborative customer feedback loop. We listened to everything, from how African restaurants reconcile inventory, how customers pay, to how they handle logistics and more. 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. We are excited to usher in much needed digitization to the sector”, says Fikayo Akinwale, the CTO.

Orda.Africa software for chefs

The startup’s cloud-based solution is currently available for restaurants in Nigeria and Kenya. Gross Merchandise Value (GMV) has been growing at more than 15% week over week as Orda now processes thousands of weekly transactions.

Speaking on the raise, Idris Ayodeji Bello, managing partner of LoftyInc Capital said, “We loved investing in Orda because it is building the core digital infrastructure for restaurants across Africa. 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 revolutionise the food business across the continent. LoftyInc is excited to back a solution-focused team like Orda.”

Following the raise, the startup is looking to increase its rate of growth and expansion across the continent.

19 total views , 1 views today

Author

  • Yinka Okeowo
    Yinka Okeowo

    View all posts
0Shares

Tags: Ademola AdesinaAdinlewa “Fikayo” AkinwaleAgrolay AdvisorsDFS LabsEnza CapitalGuy FutiHustle FundIre AderinokunJesse OviaKunle OgungbamilaLofty IncMagic FundMark EdomwandeMicrotractionNamir El-KhouriNorrsken FoundationOrdaOrda.AfricaOxford Seed FundTechstars - Boulder
Previous Post

5 ways technology can ease the stress of the ‘Back to School’ rush

Next Post

Nigerian shipping startup, Topship, accepted to Ycombinator 2022 batch

Yinka Okeowo

Yinka Okeowo

Related Posts

YC-Backed CodeAnt AI Raises $2M
StartUPs

YC-Backed CodeAnt AI Raises $2M to Automate Code Reviews as AI Coding Surges

by Joan Aimuengheuwa
May 7, 2025
0

…helping engineering teams cut manual code review time and bugs by over 50%

Read more
1 Million Anambra Digital Tribe | Government Approves ₦97M Solution Data Platform to Enhance Governance, Security

Soludo Empowers 1 Million Anambra Digital Tribe

May 7, 2025
Swedfund Invests $15M in African Impact Fund to Boost SME Growth, Job Creation

Swedfund Invests $15M in African Impact Fund to Boost SME Growth, Job Creation

May 6, 2025
Interledger Foundation Ambassador Cohort

Interledger Foundation Announces New Round of Ambassador Cohort

May 6, 2025
Skillvue Raises $6.3 Million

Skillvue Raises $6.3M to Transform How Companies Discover, Develop Hidden Talent

May 5, 2025
Money Fellows Raises $13M

Money Fellows Raises $13M to Expand Its Digital Savings Circles Beyond Egypt

May 5, 2025
Next Post

Nigerian shipping startup, Topship, accepted to Ycombinator 2022 batch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

Audio Player
CYBERSECURITY ESSENTIALS
Techeconomy Podcast
CYBERSECURITY ESSENTIALS
BUILDING STRONGER NETWORKS AND COMMUNITIES[...]
  • 0.8
  • 1
  • 1.2
  • 1.5
  • 2
Download
  • Facebook
  • Twitter
  • Linkedin
  • Copy episode link Copied
  • Download
Captions
00:00
00:00
CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

Video Player
https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
00:00
00:00
00:31
Use Up/Down Arrow keys to increase or decrease volume.
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.