ORA Technologies Secures $1.5 Million in Seed Funding
The injection of funds will help ORA accelerate the rollout of its e-wallet feature, enabling users to make instant money transfers.
Morocco-based super app ORA Technologies has closed a $1.5 million seed funding round.[1]
With its app already boasting over 300,000 downloads, ORA aims to support daily life in Morocco by offering a comprehensive suite of services under one roof. Users can seamlessly navigate buying and selling goods, socializing with friends, and ordering food delivery, all through the ORA Maroc Super App.
As ORA prepares to unveil its social fintech feature, this addition, facilitated through a strategic partnership with M2T, a subsidiary of Banque Centrale Populaire, will enable users to chat and transfer money effortlessly.
The partnership introduces digital payments through an integrated wallet within the app. This aims to streamline transactions and reduce dependence on cash.
Launched in 2023 by Omar Alami, the ORA app boasts a diverse array of features, including P2P transactions, an e-commerce platform, on-demand services, chat capabilities, social networking, and an upcoming digital wallet.
With the recent injection of funds, ORA is poised to accelerate the rollout of its e-wallet feature, enabling users to make instant money transfers.
In November 2023, ORA secured $1 million in pre-seed funding from local private investors.