ORA Technologies, a Moroccan super app, has successfully raised $1.9 million in a pre-Series A funding round led by local investment firms Witamax and Azur Innovation Fund. This latest investment brings the total funding secured by ORA Technologies to $4.4 million since its inception in 2023.
Founded by Omar Alami, ORA Technologies offers a comprehensive platform that integrates various services, including peer-to-peer transactions, e-commerce, on-demand services, chat functionality, and social networking. The company’s mission is to drive digital and financial inclusion in Morocco by providing accessible and user-friendly digital solutions.
The newly acquired funds are earmarked for scaling Kooul, ORA’s rapidly growing food delivery platform, which has expanded to six cities within five months. Additionally, the investment will accelerate the development of ORA Cash, a digital payment and money transfer solution that enables users to create an IBAN account in just 40 seconds using only a phone number.
This funding round signifies a growing confidence among local investors in ORA Technologies’ potential to transform Morocco’s digital landscape. The company’s integrated approach aligns with the Moroccan government’s initiatives to promote financial inclusion and a cashless economy, positioning ORA Technologies as a key player in the country’s digital transformation.
With the latest investment, ORA Technologies is poised to enhance its services further, supporting financial empowerment and setting new standards for the gig economy in Morocco.
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