ORA Technologies, a Moroccan company specializing in online shopping (e-commerce), has secured $7.5 million in new funding.
This funding round, called Series A, was entirely supported by local investors. The main investor was the Azur Innovation Fund.
After securing the new funding, ORA Technologies aims to expand its delivery network and optimize its logistics.
The company also plans to speed up the use of its digital payment services.
ORA also aims to be the leading mobile payment service in Morocco by providing simple and useful solutions that meet people’s real needs in their daily lives.
Omar Alami, the Founder and CEO of ORA Technologies, said the funding shows that Morocco’s investment scene is growing and becoming stronger.
He also said it means people now have more trust in the way successful startups do business.
ORA Technologies was created to improve digital services for last-mile delivery. The company has attracted many users with two primary services:
Kooul: A food delivery app that is quickly growing in many cities across Morocco.
ORA Cash: A digital wallet used for making payments and collecting money online, helping to support online shopping in the country.
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