Morocco’s ORA Technologies Raises $7.5 Million to Accelerate Expansion
The funding looks to expand ORA Technologies' food delivery platform Kooul and mobile wallet ORA Cash. The raise marks a record for Morocco’s tech ecosystem.
Moroccan startup ORA Technologies has secured $7.5 million in Series A funding, led by Azur Innovation Fund alongside three local strategic investors. This brings the company’s total local funding to $11.9 million since January 2023, marking a record for Morocco’s tech ecosystem.
Known for spearheading the ‘E-Morocco for Everyone’ initiative, ORA aims to make e-commerce and digital payments more accessible across the country. The company is active in the retailtech and fintech sectors, where it is targeting Morocco’s growing demand for digital services.
ORA’s food delivery platform Kooul has amassed over 15,000 active users in just 10 months. The app’s model is designed to be affordable for customers while remaining economically fair for restaurants and delivery riders.
Meanwhile, its mobile wallet ORA Cash has gained more than 50,000 users within five months. The app allows users to open payment accounts in just 15 seconds and enables free, instant money transfers. It is also being used by delivery riders to digitise Morocco’s widespread cash-on-delivery operations.
ORA plans to use the new funding to further expand its platform offerings and deepen its impact across Morocco’s digital economy.
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