Moroccan super app ORA Technologies secures $1.9m pre-Series A

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Morocco-based superapp ORA Technologies has closed a US$1.9 million pre-Series A round of funding to scale its food delivery feature and its newly-launched digital payment and money transfer solution.

Founded in 2023 by Omar Alami, the ORA app offers multiple features, including P2P transactions, an e-commerce platform, on-demand services, chat functionality, and social networking.

The startup has secured a US$1.9 million pre-Series A round of funding led by Witamax and Azur Innovation Fund, which it will use to scale its food delivery feature, Kooul, and accelerate its newly-launched digital payment and money transfer solution, ORA Cash. The round takes the total funding raised by ORA so far to US$4.4 million.

“This fundraising comes at a time where all eyes are on Morocco. Our country is the very next tech hub in Africa, benefiting from solid macro fundamentals, a stable currency, a deep consuming market of 40 million people and a new wave of smart and competitive tech founders empowered by a huge government-led digital and financial inclusion initiative,” Alami said.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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