- Ora Technologies raised USD 7.5M in Series A funding led by Azur Innovation to fuel growth and regional expansion.
- The Moroccan super-app combines food delivery, payments, and social features tailored to local languages and user needs.
- New funding will boost Ora Cash adoption, scale Kooul’s logistics, and deepen the company’s fintech and e-commerce offerings.
Ora Technologies
What happened? Morocco-based e-commerce company, Ora Technologies, raised USD 7. 5 million in a Series A funding round. The round was fully backed by a group of local investors led by Azur Innovation Fund.
This comes after it raised USD 1 million in 2023 in a pre-seed funding round, aiming to accelerate its growth.
What is next? With the funding, the startup aims to expand its delivery network, and enhance its logistics efficiency. Additionally, it seeks to accelerate the adoption of its digital payment solutions.
It also aims to expand its tech stack, grow its user base, and expand into new regions. Furthermore, it seeks to accelerate the adoption of its digital payment solution.
“This is more than funding, it is proof that Morocco is ready to back innovation made by and for its people,” said Founder and CEO of ORA Technologies.
Super App
Who are they? Founded in 2023 by Omar Alami, Ora Technologies is a super-app startup aiming to offer a unified platform.
It offers a variety of products:
- Kooul- food delivery app
- Ora Cash- social media wallet application
- It also offers e-commerce, messaging, and social features available in Moroccan Darija, French,Arabic and Spanish.
With the funding, it aims to expand Kooul’s delivery infrastructure and make ORA Cash a household name.Furthermore, it aims to foster digital inclusion for all Moroccans whether they are locally or not.
Bottom line: Ora is expanding its services with new funding, entering a market where digital adoption is growing but challenges persist.
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