Orda, a developer of cloud operating systems for restaurants in Africa, has just secured a $3.4 million seed round. The money will be used to further digitize the continent's food industry and deliver more value to its smallest eateries. Orda was founded in 2020 by Guy Futi, Fikayo Akinwale, Mark Edomwande, Kunle Ogungbamila, and Namir El-Khouri to help low-volume restaurants in Africa improve their efficiency and expand. For small food enterprises, administrative tasks like daily manual reconciliation, inventory management, and more may be a huge burden. The firm uses cutting-edge business analytics to aid eateries in streamlining processes, expanding their reach, and better comprehend the needs of their clientele. Products such as kitchen displays, order and inventory management, connections with leading food aggregators, accounting software, microsites, mobile applications, etc. help businesses accomplish these aims. The company has now raised a total of $4.5 million, with this news coming less than a year after it secured $1.1 million in investment. Institutional investors such as Far Out Ventures and Outside VC, angels Doneci Kone, and Julian Shapiro, and follow-on investors Norrsken Foundation, Lofty Inc. Capital, and Enza Capital all participated in this fresh seed round, which was co-led by Quona Capital and FinTech Collective. With this fresh capital, Orda plans to enhance its services to help more African restaurants optimize business operations and grow distribution. Additionally, when supporting customers in increasing their company's worth, loan, credit, and payment alternatives will be enhanced. According to Kofoworola Agbaje, Senior Investment Associate at Quona Capital, "when a restaurant owner moves from pen and paper to a fully automated digital platform, it's incredibly empowering." This quote explains why Quona Capital decided to invest in Orda's seed round and what kind of impact Orda hopes to have on the African food business. For the first time, they have access to information that may boost their profitability and production, resulting in expanded operations. We at Quona are thrilled to assist Orda in their vital work, as we believe that a solution like Orda may have a profound effect on the success of small and medium-sized restaurants and the lives of the people who run them. Agbaje Kofoworola As a result of this solution, African small and medium-sized eateries now have a chance to benefit from Africa's biggest consumer spending sector while also benefiting from highly regarded and user-friendly back-end technology.
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