Morocco-based super app ORA Technologies secured $1.5 million in seed funding from local entrepreneurs to facilitate the launch of its e-wallet.

Founded in 2023 by Omar Alami, ORA app offers multiple features, including P2P transactions, an e-commerce platform, on-demand services, chat functionality, social networking.

“This Seed round demonstrates the precious and important support we got from local successful entrepreneurs to scale this ambitious project of digital and financial inclusion,” said Omar Alami, ORA Technologies founder and CEO.

With over 300,000 downloads , the app aims to become an integral part of daily life for Moroccans, offering a wide range of services all on one platform.

The app is planning to unveil a  digital wallet allowing users to chat and transfer money easily and instantaneously, a game-changer in the digital financial landscape of Morocco, thanks to a strategic partnership with M2T, a subsidiary of Banque Centrale Populaire. 

The company aims to provide e-commerce and digital payments to all Moroccans, bridging the gap between traditional and modern modes of commerce, and ensuring accessibility and inclusivity in the digital economy. Large vendors, small businesses, and service providers also stand to benefit from the app’s marketplace feature, which enables them to reach a wider audience and grow their customer base. 

Omar added: “Thanks to our team of tech and digital professionals, including a talented group of 25 software engineers, ORA Technologies became rapidly an Open Innovation champion whose expertise and dedication drive partnerships with large groups such as Retail Holding, Pharma 5, M2T, Banque Centrale Populaire, and others.”

This partnership not only ensures the security and reliability of financial transactions but also paves the way for digital payments using a wallet integrated into the app to further streamline transactions and reduce reliance on cash.

Last November, ORA closed a $1 million pre-Seed funding from local private investors.