Orda, a food-tech startup based in Nigeria has announced a fundraise of $1 million, which it plans to scale its business and expand its operation.
The investors involved in the round include Microtraction, DFS Labs, Oxford Seed Fund, Enza Capital, Agrolay Advisors, Techstars Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, and angel investors like Ire Aderinokun, Jesse Ovia and Ademola Adesina.
With its new funding, the company intends to build out financial products, especially in lending, venture into processing payments for restaurants, and expand its operations to South Africa before the end of the year.
The tech startup focuses majorly on local and small restaurants that do not have access to software that does analytics and inventory management. Orda offers a cloud-based software tailor-made for African restaurants.
Orda offers restaurants that use its platform access to a dashboard that allows them to accept and process orders from food delivery services Jumia Food, Glovo, Bolt Food, and in-store, website, social media channels like WhatsApp. In addition to this, it offers an ePOS solution that restaurants can operate in remote areas with little or no internet coverage.
What you should know about Orda
- Orda was founded in 2020 by Guy Futi Akinwale, Mark Edomwande, Kunle Ogungbamila, and Namir El-Khouri.
- The company is based in Nigeria but currently has operations in Kenya. It currently boasts of 10,000 transactions weekly. It makes its gain from charges made to its clients.
- Restaurants that use Orda pay from about $5(N2,500) to $50 (N30,000) monthly to access its software.
