Transforming Morocco: ORA Technologies Secures $1 Million in Pre-Seed Funding

Transforming Morocco: ORA Technologies Secures $1 Million in Pre-Seed Funding

By Press Release, 03 November 2023

ORA Technologies, a 100% Moroccan tech company, is proud to announce the successful closure of $1 million in pre-seed funding over the last 8 months, in a total of 3 rounds, all from private investors.

This funding underscores the exceptional growth potential and strong support for ORA Maroc, a groundbreaking super-app that is transforming Morroco.

Launched just 9 weeks ago, ORA Maroc has already achieved a remarkable milestone with 140,000 downloads, solidifying its position as a transformative digital and financial inclusion app for all Moroccans, including those who are illiterate and part of the diaspora.

Transforming Morocco's Digital Landscape

The app offers a wide array of features, including peer-to-peer transactions, e-commerce capabilities, on-demand services, chat functionality, social networking, and, coming soon, a digital wallet.

ORA Technologies is committed to democratizing access to e-commerce and digital payment solutions for customers, vendors, and service providers across Morocco.

ORA Maroc consolidates numerous essential functions within a single app, allowing users to chat, buy and sell products, make payments, book services, transfer money, share hobbies, and even receive directions to various points of interest.

What sets ORA Technologies apart is the discreet and unique achievement of raising $1 million in pre-seed funding within the Moroccan ecosystem, a fact that has garnered significant attention and interest. 

The success of ORA Maroc and the support from local private investors underline ORA Technologies' commitment to pioneering inclusive, accessible, and innovative digital solutions for the people of Morocco.

The company looks forward to continued growth and serving the needs of its expanding user base.


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