Moroccan super app ORA Technologies has extended its Series A funding round to $10 million after raising an additional $2 million from local investors. The company, founded in 2023 by Omar Alami, operates a consumer platform combining food delivery, digital payments, and e-commerce services.
The latest injection will be used to scale KOUL, its food delivery platform, and ORA Cash, its digital wallet for online and contactless payments. ORA is also expanding its last-mile delivery network and cash collection infrastructure as it works to connect consumers, merchants, and delivery services through a single application.
What sets this funding round apart is that the entire $10 million was financed by Moroccan investors, making it one of the country’s largest locally funded early-stage technology rounds. This highlights growing participation by domestic investors in Morocco’s startup ecosystem as local capital becomes more available for tech companies.
ORA’s strategy mirrors the super app model popular in Asia, where payments, commerce, and logistics reinforce each other. The company plans to deepen its presence across Morocco before considering wider regional opportunities, capitalizing on rising demand for digital payments and online shopping.
Article source: allafrica.com | Image credit: TechScoop
