- ORA Technologies raised $1.9 million in a pre-Series A round, bringing total funding to $4.4 million.
- The company plans to scale Kooul, its food delivery platform, and expand ORA Cash for digital transactions.
- ORA aims to drive financial inclusion and transform Morocco’s digital economy through fintech and on-demand services.
Moroccan startup ORA Technologies has successfully raised $1.9 million in a pre-Series A funding round. The investment was led by Witamax and Azur Innovation Fund, marking a significant milestone in the company’s expansion efforts.
Founded in 2023 by Omar Alami, ORA Technologies has emerged as a leading superapp in Morocco. The platform offers a wide range of services, including peer-to-peer transactions, e-commerce, on-demand services, chat functionality, and a soon-to-be-launched digital wallet.
Expansion Plans and Strategic Growth
With this fresh capital, ORA Technologies aims to scale its food delivery service, Kooul, and expand its digital payment solution, ORA Cash. The startup has raised a total of $4.4 million to date, highlighting investor confidence in its mission.
Kooul has already gained traction, spreading to six cities in just five months. It offers affordable food delivery options starting at $2.50, making it accessible to a broad customer base. The platform also focuses on fair wages for delivery partners and low commission rates for restaurants.
ORA Cash is another game-changing product, enabling users to create an IBAN account in just 40 seconds using only a phone number. The fintech solution supports seamless transactions and money transfers, catering especially to Morocco’s unbanked population.
Transforming Morocco’s Digital Landscape
ORA Technologies is on a mission to drive digital and financial inclusion in Morocco. The company’s innovative approach integrates e-commerce, fintech, and on-demand services, positioning it as a key player in the country’s digital transformation.
Founder Omar Alami emphasized that Morocco is on the brink of becoming a major tech hub in Africa. He highlighted the country’s stable economic environment, large consumer market, and government-led initiatives in digital and financial inclusion.
With the latest funding, ORA Technologies is poised to redefine digital services in Morocco. The company plans to expand its offerings, support financial empowerment, and set new standards for the gig economy.
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Last Updated on March 8, 2025 by Safiya K
