Moroccan super app raises $7.5m
ORA Technologies has closed its Series A round for a total of $7.5 million, led by the Azur Innovation Fund.
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Moroccan super app startup ORA Technologies has closed its Series A round for a total of $7.5 million, led by Azur Innovation Fund alongside three other strategic local investors.
Founded in 2023 by Omar Alami, the ORA app offers multiple features, including peer-to-peer (P2P) transactions, an e-commerce platform, on-demand services, chat functionality, social networking, and a digital wallet to be launched soon.
Four months ago, ORA Technologies closed a $1.9 million pre-Series A funding round led by Witamax and Azur Innovation Fund.
Alami said, "This landmark achievement shows a strong commitment from local investors to the local startup ecosystem and we are proud and honoured about it. It proves that local funding alternatives exist for later stages and encourages Moroccan founders to raise more money locally to scale up. We will use the proceeds to accelerate our last mile business and strengthen our digital cash collection capabilities. ORA is a good example of a 100% made in Morocco journey and is ready to explore local and international growth opportunities."
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