5 months ago

ORA Technologies Raises $1.9M to Expand its Moroccan Superapp

  • Moroccan startup ORA Technologies secured $1.9 million in Pre-Series A funding led by Witamax and Azur Innovation Fund

  • This brings their total funding to $4.4 million

  • ORA operates Kooul, a food delivery platform, and ORA Cash, a digital payment solution aiming to improve financial inclusion in Morocco

  • The funding will support the expansion of these services.

      • ProblemTechnology

      "Many Moroccans lack access to affordable and convenient food delivery, and digital financial services are unavailable or inaccessible to a significant portion of the population, hindering economic inclusion and growth."

      Solution

      "ORA Technologies offers Kooul, an affordable food delivery platform prioritizing fair compensation for delivery drivers and low commissions for restaurants. They also provide ORA Cash, a user-friendly mobile payment and virtual banking solution enabling quick account opening and free peer-to-peer money transfers, extending financial services to the unbanked and underbanked."

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