Moniepoint has been named one of the world’s top fintech companies by CNBC for the second consecutive year.

The Nigerian fintech made the 2026 edition of CNBC’s World’s Top Fintech Companies ranking, compiled with market research firm Statista. 

Recognising 500 fintech companies across eight categories, the assessment focused on key performance indicators such as revenue growth, transaction volume, employee headcount and capital raised.

The latest recognition comes as Moniepoint relentlessly expands its footprint beyond Nigeria while growing its payments, banking and business services across Africa.

Founded in 2015 by Tosin Eniolorunda and Felix Ike, the company marked its 10th anniversary in 2025, and now serves more than 20 million businesses and individuals every month through its payments, banking, lending, cross-border payment and business management products.

Moniepoint is also Nigeria’s largest merchant acquirer, processing most of the country’s Point of Sale (POS) transactions. Through its subsidiaries, the company processes more than $250 billion in digital payment transactions annually.

In CNBC’s latest ranking, eleven African companies made the 2026 list, with Nigeria contributing six firms, including Moniepoint, PiggyVest, OPay, PalmPay, Interswitch and Redtech.

The remaining African companies include Kenya’s M-KOPA and Tala, Egypt’s Paymob, South Africa’s Yoco and pan-African payments company PawaPay. Payments and financial infrastructure companies accounted for seven of the 11 African firms on the list.

Over the past year, Moniepoint has completed several major transactions that strengthened its place in the market.

The company closed a $200 million Series C funding round backed by Development Partners International, LeapFrog Investments, Google’s Africa Investment Fund and Visa.

It also entered East Africa after acquiring a 78% stake in Kenya’s Sumac Microfinance Bank. In another deal, Moniepoint acquired Orda Africa, a cloud-based restaurant management platform, to expand its Moniebook business tools for restaurants and food service businesses.

Outside Africa, the company partnered with tell.money to introduce Confirmation of Payee in the United Kingdom, improving security on its MonieWorld remittance platform for Africans living abroad.

Reacting to the recognition, Tosin Eniolorunda, founder and group CEO of Moniepoint Inc., said, “To be recognised by CNBC as one of the world’s top fintech companies for the second year running is a significant milestone for our team. It reflects not just our impact, but our consistency – which is much more difficult to achieve than a single standout year.

“As we mark a decade of impact, and continue our expansion into new markets and product areas, we remain focused on fulfilling our founding mission: to build the infrastructure to power financial happiness for Africans everywhere.”

CNBC launched its World’s Top Fintech Companies ranking in 2023 to identify leading technology-driven financial services companies worldwide. The annual list covers firms operating across payments, digital banking, wealth technology, enterprise fintech, insurtech, digital assets, alternative financing and regulatory technology.

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While Orda Africa has raised over $4.5 million in funding, its valuation remains undisclosed, though Techeconomy Intelligence estimates place it in the $10 million to $20 million range based on comparable seed-stage startups in Africa.

Under the terms of this acquisition, Orda will become part of the Moniebook platform, Moniepoint’s all-in-one Point-of-Sale (POS) and business management platform.

Since launching its business management tools product in 2025, Moniebook has rapidly become the go-to platform for thousands of African businesses seeking integrated financial and operational tools, seamlessly unifying payments and bookkeeping in one platform.

With Orda, restaurant owners can now gain access to this proven ecosystem that creates unprecedented opportunities to scale operations, optimize performance, and access credit, as well as the extensive reach of Moniepoint which has powered growth for millions of African businesses.

The acquisition comes as Africa’s food service industry experiences unprecedented growth, with the sector valued at $50 billion and Nigeria’s market alone projected to reach $19.31 billion by 2030, growing at 11.73% annually.

With Orda’s restaurant-focused capabilities now part of the Moniepoint ecosystem, the platform is well-positioned to capture this opportunity.

Founded in 2015 by Tosin Eniolorunda and Felix Ike, today Moniepoint has grown into one of Nigeria’s leading distributors of financial services as well as a trusted platform for many of the country’s MSMEs especially in the informal sector.

The company has considerably expanded its offerings to include digital payments, business and personal banking, credit, cross-border payments, and business management tools with a customer base exceeding 20 million active businesses and personal banking customers and processes over US$250 billion in digital payments transaction value annually.

Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc., said:

“The food industry isn’t just about feeding people, it’s a major source of jobs and daily survival for many Africans. It highlights how vital the informal sector is, not just for the economy, but for everyday life across the continent. 

Data has shown us that Africa’s restaurant sector is one of the continent’s most dynamic economic engines, yet the majority of food businesses still operate with manual processes and fragmented tools. By bringing Orda into Moniepoint, we are giving restaurant owners what they deserve: one simple platform that handles everything from managing their kitchen to growing their business. Our goal remains to create financial happiness for Africans, giving them the tools to reach their full potential and that’s exactly what we’ve built here.”

Founded in 2020, Orda was built to give Africa’s small and independent restaurants the tools they need to run more efficiently, providing a purpose-built software to businesses that had long operated without it.

Guy Futi, CEO of Orda, reassured existing customers: 

“Orda has found the perfect home in Moniepoint. We have spent years building deep expertise in restaurant operations, but we have always known that to truly transform the industry, we needed to connect that expertise with comprehensive financial infrastructure. That’s exactly what this integration delivers. For our customers, we are assuring a smooth transition with no disruption to the platform and retained access to the support you are used to. What changes is your access to opportunities. Over the coming weeks, being part of Moniepoint means you’ll have more tools, more reach, and more ways to grow your business than ever before”

Combining their respective strengths, Moniepoint and Orda deliver a purpose-built solution that empowers food businesses at every scale to manage orders, track inventory, pay suppliers, and access working capital, all in one seamless experience.

This move represents a demonstrated commitment to building a dedicated financial infrastructure designed around the unique complexity of Africa’s food economy.

For the millions of food entrepreneurs across the continent, from the everyday buka owner to the high-end restaurateur, this acquisition means less time managing multiple tools or carrying out arduous manual work and more time doing what they do best – feeding Africa.

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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’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.

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.

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.

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.

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