ORA Technologies, a Moroccan-based startup, has successfully closed a $1.9 million Pre-Series A funding round led by Witamax and Azur Innovation Management.
This brings the company’s total local funding to $4.4 million since its founding in 2023, making it one of the most locally funded startups in Morocco.
Founded by Omar Alami, ORA Technologies has developed a multi-service digital application that includes peer-to-peer (P2P) transactions, an e-commerce platform, on-demand services, a social networking platform, and a digital wallet.
The startup aims to integrate multiple services into a single platform to simplify digital transactions and enhance financial inclusion for Moroccan consumers.
This funding round provides the resources needed to scale the company’s products and services, furthering its mission to lead financial inclusion efforts in Morocco.
Omar Alami, Founder of ORA Technologies, commented,
“This funding round comes at a time when all eyes are on Morocco. I believe Morocco is the next tech hub in Africa, benefiting from strong macroeconomic fundamentals, a stable currency, a large consumer market of 40 million people, and a new wave of smart tech founders supported by a massive government-led initiative for digital and financial inclusion.”
