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We are excited to announce FinTech Collective’s investment in Orda, a Lagos-based company that is digitizing the long tail of African restaurants. The company is already operational in Nigeria and Kenya, and the new capital will enable Orda to continue to expand its footprint of small and medium restaurants across the continent. The round was led by FinTech Collective and Quona Capital, with participation from existing investors including LoftyInc Capital, Enza Capital and Norrsken Foundation, as well as new venture capital firms like Outside VC and Far Out Ventures.
"The restaurant industry is complex, fast-paced, and incredibly difficult. ORDA’s leading restaurant software with integrated payments is designed to improve the lives of small and medium African food business owners. Restaurants using Orda have seen dramatic improvements in their business: from a reduction in reconciliation time from hours to minutes to double-digit increases in profit margins. We’re excited to be building a company that provides deep intrinsic value to a vital part of the African economy."
https://fintech.io/articles/fintech-collective-invests-in-orda
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