MOROCCO – ORA Technologies, a Morocco-based super app, has raised US$1.5 million in Seed funding from Moroccan entrepreneurs, highlighting strong confidence in its potential for growth and impact.

ORA will use the funding to activate its e-wallet, which allows users to transfer money instantly, thanks to a partnership with M2T, a subsidiary of Banque Centrale Populaire.

Founded in 2023 by Omar Alami, ORA has built a mobile app that offers multiple features, including P2P transactions, an e-commerce platform, on-demand services, chat functionality, social networking, and – soon – a digital wallet.

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.

“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 Alami. 

“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.”

Last November, ORA Technologies closed a US$1 million pre-seed funding from local private investors, according to the company.

After Ora claims to have garnered 140,000 downloads, it announced the successful closure of US$1 million in pre-seed funding over the last 8 months, in a total of 3 rounds, all from private investors. 

The app plays a key role in Moroccan financial inclusion by providing P2P transactions, an e-commerce platform and on-demand services and soon the app is to launch its digital wallet. 

The funding is proof of the exceptional growth potential and strong support for ORA Maroc by the private sector.

ORA Maroc offers a number of key functions within a single app, allowing users to chat, buy and sell products, make payments, book services, transfer money, share hobbies, and even receive directions to various points of interest.

The company is seeking to continue its growth and cover the needs of its expanding user base.

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