ORA Technologies of Morocco Finishes a $1.5 million Seed Funding Round

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  • Local businesspeople contributed $1.5 million in seed capital to ORA Technologies, a superapp located in Morocco.
    • The ORA app was founded in 2023 by Omar Alami and has a number of features, including as peer-to-peer (P2P) transactions, an e-commerce platform, on-demand services, chat functionality, social networking, and an upcoming digital wallet.
    • Thanks to a collaboration with M2T, a division of Banque Centrale Populaire, ORA’s plans to activate its e-wallet—which enables users to transfer money instantly—will be accelerated by the new cash inflow. ORA closed a $1 million pre-Seed financing round from regional private investors in November of last year.

ORA Technologies raised $1.5 million in Seed capital from Moroccan entrepreneurs, demonstrating significant confidence in its potential for development and impact, building on the excellent foundation created by a successful pre-Seed round locally. With more than 300,000 downloads to date, the app seeks to integrate seamlessly into Moroccans’ daily lives by providing a multitude of services on a single platform.

Thanks to the ORA Maroc Super App’s user-friendly interface and seamless experience, users can accomplish everything within it, including ordering meal delivery, chatting with friends and family, and enabling the buying and selling of things.

Thanks to a strategic partnership with M2T, a subsidiary of Banque Centrale Populaire, the Super App will soon launch a social fintech feature that will allow users to chat and transfer money instantly, changing the digital financial landscape of Morocco. The lively Moroccan tech scene is eagerly awaiting this development. This agreement paves the path for digital payments utilizing a wallet embedded within the app to further expedite transactions and lessen dependency on cash, in addition to guaranteeing the security and dependability of financial transactions.

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