• Morocco-based superapp ORA Technologies secured $1.5 million in seed funding from local entrepreneurs.
• Founded in 2023 by Omar Alami, ORA app offers multiple features, including P2P transactions, an e-commerce platform, on-demand services, chat functionality, social networking, and a digital wallet to be launched soon.
• The new cash influx will propel ORA’s plans to activate its e-wallet, which allows users to transfer money instantly, thanks to a partnership with M2T, a subsidiary of Banque Centrale Populaire.
• Last November, ORA closed a $1 million pre-Seed funding from local private investors. 

Press Release:

With a solid foundation laid by a successful pre-Seed round locally, ORA Technologies raised $1.5 million in Seed funding from Moroccan entrepreneurs, highlighting strong confidence in its potential for growth and impact.

With over 300,000 downloads and counting, the app aims to become an integral part of daily life for Moroccans, offering a wide range of services all on one platform.

From facilitating buying and selling goods to engaging in chat conversations, connecting socially with friends and family, and ordering food delivery, users can do it all within the ORA Maroc Super App, thanks to its intuitive interface and seamless user experience.

The vibrant Moroccan tech scene is also awaiting from the Super App its imminent social fintech feature allowing users to chat and transfer money easily and instantaneously, a game-changer in the digital financial landscape of Morocco, thanks to a strategic partnership with M2T, a subsidiary of Banque Centrale Populaire.

This partnership not only ensures the security and reliability of financial transactions but also paves the way for digital payments using a wallet integrated into the app to further streamline transactions and reduce reliance on cash.

“This Seed round demonstrates the precious and important support we got from local successful entrepreneurs to scale this ambitious project of digital and financial inclusion,” said Omar Alami, ORA Technologies founder and CEO. Adding: “Our mission is clear: to provide e-commerce and digital payments to all Moroccans, bridging the gap between traditional and modern modes of commerce, and ensuring accessibility and inclusivity in the digital economy. Large vendors, small businesses, and service providers also stand to benefit from the app's marketplace feature, which enables them to reach a wider audience and grow their customer base. 

He added: “Thanks to our team of tech and digital professionals, including a talented group of 25 software engineers, ORA Technologies became rapidly an Open Innovation champion whose expertise and dedication drive partnerships with large groups such as Retail Holding, Pharma 5, M2T, Banque Centrale Populaire, and others.”