ORA Technologies Secures $1 Million Pre-Seed Funding
Morocco-Based App ORA Maroc has Raised all Funding From Local Private Investors
ORA Technologies, a Moroccan tech company, said in a company statement it has closed $1 million in pre-seed funding over the last 8 months, in a total of 3 rounds, all from private investors.
Launched just 9 weeks ago, ORA Maroc says it has already achieved 140,000 downloads. The app targets achieving digital and financial inclusion for all Moroccans, including those who are illiterate and those living in the diaspora.
The app offers a wide array of features, including peer-to-peer transactions, e-commerce capabilities, on-demand services, chat functionality, and social networking, and, the startup is also working on a digital wallet.
Founded in 2023 by Omar Alami and six others, “ORA Technologies is committed to democratizing access to e-commerce and digital payment solutions for customers, vendors, and service providers across Morocco,” reads a company statement.
ORA Maroc consolidates numerous essential 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.