Moroccan superapp developer ORA Technologies has secured $1.9 million in pre-Series A funding. Led by local investment firms Witamax and Azur Innovation Management, the investment pushes the company’s total funding to $4.4 million since its 2023 launch, making it one of the best-funded Moroccan startups in terms of local capital.
The fresh capital comes exclusively from Moroccan investors, signaling growing confidence in local tech ventures. ORA Technologies will use the funds to expand two flagship offerings: ORA Cash, described as “the country’s first social mobile wallet,” and KooulMaroc, a 100% Moroccan food delivery application.
Founded by Omar Alami, ORA Technologies has built an integrated mobile platform combining peer-to-peer payments, e-commerce, on-demand services, social networking, and digital wallet features. The app is designed to streamline financial transactions for Moroccan consumers by unifying multiple services in one place.
The company currently operates three distinct products, with ORA Cash having maintained a presence on mobile app stores for four years, predating the company’s official 2023 launch.
“This fundraising comes at a time where all eyes are on Morocco,” said Alami. “Our country is the very next tech hub in Africa, benefiting from solid macro fundamentals, a stable currency, a deep consuming market of 40 million people and a new wave of smart and competitive tech founders.”
ORA Cash enables users to send money instantly, make QR code payments, and handle financial transactions through an interface available in five languages, including Darija, the local Moroccan dialect. The platform also supports utility bill payments, phone top-ups, and cash withdrawals at over 5,000 partner locations nationwide.
The company has seen rapid adoption since launch, with more than 300,000 downloads to date. This growth reflects strong demand for accessible digital financial services in Morocco, where many remain underbanked.
The platform was developed in partnership with M2T, a subsidiary of Banque Centrale Populaire, one of Morocco’s leading financial institutions. This collaboration has helped ORA extend financial services to previously underserved communities.
“With ORA Cash, we want to build a community of connected users capable of managing their finances with simplicity and modernity,” Alami explained. “This project represents another step toward building a digital and inclusive Morocco, in line with national financial inclusion ambitions.”
Morocco’s fintech evolution is accelerating with both private and public sector efforts. Alongside ORA’s rapid expansion, initiatives like the Financial Inclusion Caravan—backed by the Ministry of Industry and Trade, Al Barid Bank, and Visa—are equipping merchants with digital payment solutions. This push is further solidifying Morocco as a rising fintech hub, reinforcing the demand for mobile wallets like ORA Cash.
The new investment will accelerate the growth of these services, facilitate their adoption by a wider audience, and support financial inclusion efforts in Morocco.
The company previously raised $1 million in pre-seed funding, followed by a $1.5 million seed round from Moroccan entrepreneurs. These early investments primarily funded the development and launch of ORA Cash.
As Morocco emerges as a tech hub in Africa, ORA Technologies is redefining digital and financial services. With a stable currency, 40 million people, and a growing tech ecosystem, the country is drawing strong investor interest.
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