ORA Technologies Completes $10 Mn in Series A to Grow Its Super App Ecosystem

This new investment makes ORA Technologies one of the best-funded consumer technology startups in Morocco.

The company will use the new funding to grow KOUL, its food delivery platform, and reach more customers across the country.

ORA Technologies will also expand ORA Cash, its digital wallet that allows users to make online purchases and contactless payments in Morocco.

The funding will also help the company improve its last-mile delivery network and cash collection system, making its services faster and more efficient.

ORA Technologies said its entire $10 million Series A funding was raised from Moroccan investors. This makes it one of the largest locally funded technology startup rounds in Morocco at this stage.

The funding shows that local investors have strong confidence in Morocco's growing technology startup ecosystem. It also highlights that more local funding is becoming available for startups.

In the future, ORA Technologies plans to expand its presence across Morocco by growing both its KOUL food delivery platform and ORA Cash digital wallet.

The company also aims to benefit from the increasing demand for digital payments, online shopping, and food delivery services in Morocco.

Founded in 2023 by Omar Alami, ORA Technologies is developing an all-in-one super app that brings together food delivery, digital payments, and online shopping services on a single platform for people and businesses in Morocco.

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