Moroccan startup ORA Technologies has successfully closed a landmark $7.5 million Series A funding round, marking one of the largest local tech raises to date. The round was led by Azur Innovation Fund and joined by three strategic investors based in Morocco, bringing the company’s total fundraising to $11.9 million since January 2023. This milestone underscores the growing capacity of the Moroccan startup ecosystem to back ambitious digital ventures at later stages of growth.
Building a Comprehensive Superapp for Morocco
Founded in 2023 by entrepreneur Omar Alami, ORA Technologies is building a comprehensive superapp designed to address a wide range of daily needs for Moroccan consumers. The platform integrates peer-to-peer payments, e-commerce capabilities, on-demand services, messaging, and a social networking layer. A digital wallet, ORA Cash, is also planned to further strengthen the app’s financial services offering in the near future.
Momentum Continues Following Pre-Series A Success
The Series A funding arrives just four months after ORA secured $1.9 million in a Pre-Series A round, which was also led by Witamax and Azur Innovation Fund. This consistent support from local investors reflects confidence in ORA’s growth trajectory and market relevance. According to the company, the new capital will be directed toward enhancing last-mile operations and fortifying the infrastructure for digital cash collection across Morocco.
Driving Inclusion Through Digital Commerce
ORA has emerged as a notable player in Morocco’s fintech and retail technology sectors, bolstered by its commitment to the “E-Morocco for Everyone” initiative. This program is dedicated to widening access to digital commerce and payments among Moroccan citizens. The company believes these efforts position it strongly within a market increasingly receptive to digital transformation.
Strong Uptake for Food Delivery and Mobile Wallet Services
Among its fast-growing products, ORA’s food delivery app Kooul has gained traction with over 15,000 active clients recorded in the past ten months. The service offers competitive pricing and aims to create a fair economic model for both restaurant partners and delivery riders. Simultaneously, the ORA Cash wallet has achieved more than 50,000 user accounts within five months of launch, demonstrating strong early adoption.
Digitizing Cash on Delivery and Expanding Access
The company sees particular potential in digitizing Morocco’s widespread cash-on-delivery segment by equipping riders and merchants with instant payment solutions. By enabling account creation in as little as 15 seconds and offering free money transfers, ORA Cash is addressing persistent barriers to financial inclusion. This focus aligns with broader national goals to expand digital finance and modernize the payments landscape.
Founder Emphasizes Local Funding Alternatives
In a statement announcing the Series A closing, founder Omar Alami emphasized the significance of the achievement for both ORA and the Moroccan tech scene. He highlighted that the success demonstrates local funding alternatives are increasingly viable for scaling startups beyond seed stages. Alami also noted that recent commitments by the Moroccan Sovereign Fund, Fonds Mohammed VI pour l’Investissement, are creating new momentum and attracting international and domestic venture capital interest.
Looking Ahead to Growth and Expansion
The timing of ORA’s fundraising aligns with a surge of innovation activity in Morocco, as more entrepreneurs pursue solutions that blend commerce, logistics, and financial services. The company plans to leverage the fresh capital to accelerate its last-mile delivery capabilities and further embed its payment solutions within daily consumer transactions. ORA has signaled that it will also evaluate opportunities to extend its reach beyond Morocco as the platform matures.
With this latest investment, ORA Technologies positions itself as one of Morocco’s most promising digital champions, reflecting the country’s ambitions to foster homegrown technology leaders. The startup’s ability to secure substantial local backing sets an encouraging precedent for other founders seeking to scale in a still-nascent but rapidly developing ecosystem. As ORA looks ahead, it aims to capitalize on its momentum to drive both national impact and potential regional expansion.