Moroccan Super App ORA Technologies Raises $10 Million
Moroccan super app ORA Technologies has completed its Series A funding round, raising a total of $10 million after securing an additional $2 million from local investors.
Moroccan super app ORA Technologies has announced the closure of its Series A funding round, bringing the total capital raised to $10 million. The company secured an additional $2 million from local investors to extend its initial Series A financing.
Launched in 2023 by Omar Alami, ORA integrates multiple services into a single application. These include peer-to-peer transactions, an e-commerce platform, on-demand services, and social networking features.
ORA Technologies previously raised capital in a Series A round led by Azur Innovation Fund, with participation from three strategic local investors. The latest funding will be allocated to expanding its KOUL food delivery platform and its ORA Cash digital wallet.
The ORA Cash wallet facilitates e-commerce transactions and contactless payments across Morocco. The expansion aims to solidify the app's presence and services within the Moroccan market.