Morocco-based super app ORA Technologies has closed a $1 million pre-seed funding from local private investors, according to the company.
The app was launched earlier in 2023 by Omar Alami and six others.
After Ora claims to have garnered 140,000 downloads, it announced the successful closure of $1 million in pre-seed funding over the last 8 months, in a total of 3 rounds, all from private investors.
The app plays a key role in Moroccan financial inclusion by providing P2P transactions, an e-commerce platform and on-demand services and soon the app is to launch its digital wallet.
The funding is proof of the exceptional growth potential and strong support for ORA Maroc by the private sector.
ORA Maroc offers a number of key functions within a single app, allowing users to chat, buy and sell products, make payments, book services, transfer money, share hobbies, and even receive directions to various points of interest.
The company is seeking to continue its growth and cover the needs of its expanding user base.
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