Morocco’s ORA Technologies Closes USD 1.5 M Seed Round

Morocco-based super-app ORA Technologies raised USD 1.5 M in seed funding from undisclosed Moroccan entrepreneurs. The funding comes one year after the startup raised USD 1 M from local private investors. The new cash influx will help propel ORA’s plans to activate its e-wallet, which allows users to transfer money instantly, made possible by a partnership with M2T, a subsidiary of Banque Centrale Populaire.

ORA Technologies is committed to democratizing access to e-commerce and digital payment solutions for customers, vendors, and service providers across Morocco. The startup’s app offers multiple features, including P2P transactions, an e-commerce platform, on-demand services, chat functionality, social networking, and a digital wallet.