Orda, a cloud-based startup that offers services, has raised pre-seed funding of $1.1 million to expand its payroll administration and HR services.
This new seed was acquired by the company in a Lofty Inc. Capital funding round that also included participation from Microtraction and Norrsken Foundation as well as Magic Fund, Ire Aerinokun and other angel investors.
The cloud-based technology company is currently available in Nigeria and Kenya. It does however want to expand across Africa with the funds.
According to Techpoint the startup stated that cloud computing has not taken off in Africa as fast as in the West. The startup believes there is clear evidence that the sector is growing and there are opportunities, and is keen to capitalize on those opportunities.
Cloud computing in Africa and the Middle East will be worth $31 billion by 2026, compared to $14 billion in 2021.
Guy Futi is the CEO of Orda. He explained that Orda was born out of the desire to create restaurants that can accept payments, transfers and logistics.
As they developed their solution, however, they realized that it would also benefit a wide variety of restaurants and saw an opportunity.
Orda was founded in April 2021, by Guy Futi (CEO), Adinlewa Fikayo (CTO), Mark Edomwande and Kunle Ogungbamila.
It allows owners of food industries to manage all their operations from one location.
The platform can accept orders from third party apps such as Jumia Foods or social networking apps as well as dine in orders.
It monitors all of these activities and provides essential data to clients in order to help them make critical business decisions that will benefit their businesses.
Orda offers restaurants a mobile app, a lightweight website and an inventory management system. It also manages all restaurant operations.
It links online and physical sales to inventories, and provides information about goods in short supply.
Technology simplifies the management of restaurants by keeping track both online and offline activities.
Guy Futi is the CEO of Orda. He was previously the Managing Director at Jumia Foods.
This could explain why Orda launched credit services on its platform. Futi claims that the business is rapidly developing.
The company claims that transactions and gross merchandise values (GMVs) have increased 15% week-over-week since June 2021, when the firm was launched.
Akinwale, CTO, says that Orda was formed after 18 months of consumer feedback. We listened to all aspects of the African restaurant business, from how they reconcile inventory to how customers pay to how they handle logistics. We have put in more effort than anyone to develop a complete solution for the food industry. We are excited to bring digitalization to the food industry.