ORA Technologies Raises $1.9M to Expand Super-App in Morocco

TLDR
- ORA Technologies has raised $1.9 million in a pre-Series A round led by Witamax and Azur Innovation Management
- The funding will accelerate the expansion of its mobile wallet, ORA Cash, and e-commerce marketplace
- ORA Cash enables peer-to-peer transactions, QR code payments, and digital money transfers, supporting Morocco’s push toward a cashless economy
ORA Technologies, a Moroccan superapp, has raised $1.9 million in a pre-Series A round led by Witamax and Azur Innovation Management. This brings its total funding to $4.4 million since its launch in 2023.
The funding will accelerate the expansion of its mobile wallet, ORA Cash, and e-commerce marketplace, KooulMaroc. ORA Cash enables peer-to-peer transactions, QR code payments, and digital money transfers, supporting Morocco’s push toward a cashless economy.
The app integrates e-commerce, digital payments, chat, and social networking, offering a localized experience in five languages, including Darija.
Daba is Africa's leading investment platform for private and public markets. Download here
Key Takeaways
With 300,000+ downloads, ORA Technologies is gaining traction, reflecting the demand for integrated digital services. The investment highlights domestic investors' confidence in Morocco’s tech ecosystem. As Morocco accelerates digital transformation, ORA’s expansion aligns with national efforts to increase financial inclusion and modernize commerce, setting the stage for further growth in fintech and e-commerce.






Next Frontier
Stay up to date on major news and events in African markets. Delivered weekly.
Pulse54
UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.
Events
Sign up to stay informed about our regular webinars, product launches, and exhibitions.


