ORA Technologies, a leading Moroccan superapp, has successfully raised $1.9 million in a pre-Series A funding round. The investment, led by Witamax and Azur Innovation Management, brings the company’s total funding to $4.4 million since its inception in 2023.
Expansion of Digital Services
With the new funding, ORA Technologies plans to enhance its food delivery service, Kooul, and expand its digital payment platform, ORA Cash.
Kooul: Revolutionizing Food Delivery in Morocco
- Kooul, launched in July 2024, has rapidly gained traction in major Moroccan cities like Casablanca and Marrakech.
- The platform aims to offer seamless meal deliveries, enhancing user experience with fast and secure transactions.
ORA Cash: Driving Morocco Toward a Cashless Economy
- ORA Cash enables peer-to-peer transactions, QR code payments, and digital money transfers.
- It aligns with Morocco’s national strategy to reduce cash dependency and promote financial inclusion.
Comprehensive Features of ORA’s Superapp
Founded by Omar Alami in 2023, ORA Technologies integrates various digital services into one app, including:
- P2P transactions for seamless money transfers
- E-commerce platform for online shopping
- On-demand services for various needs
- Chat functionality to enhance communication
- Social networking features for user engagement
Commitment to Local Innovation
ORA Technologies strongly focuses on local talent and innovation. The company employs developers from 1337 and Youcode, both affiliated with the OCP Group.
- The company’s goal is to support “Made in Morocco” initiatives.
- It seeks to establish strategic partnerships with major Moroccan businesses to foster open innovation.
🔗 Learn more about Morocco’s fintech landscape
Future Growth and Expansion Plans
With the latest funding, ORA Technologies aims to:
- Expand Kooul’s reach in more Moroccan cities.
- Strengthen ORA Cash’s digital payment ecosystem.
- Continue its mission of enhancing digital and financial inclusion.
Conclusion
ORA Technologies is rapidly emerging as a key player in Morocco’s digital transformation. By integrating multiple services into a single superapp, it is set to redefine digital convenience in the region.
💬 What do you think about ORA Technologies’ growth? Share your thoughts in the comments below!
📢 Explore more about Moroccan fintech innovations in our latest article: Entrepreneurship news
