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.
