ORA Technologies Secures $7.5M from Local Investors, Boosting Morocco’s Tech Independence

Moroccan startup ORA Technologies announces a $7.5 million Series A funding round, raised entirely from local investors. This financing illustrates the gradual evolution of the Moroccan technology ecosystem toward greater autonomy and structure.

ORA Technologies, a startup operating in digital proximity services, has raised $7.5 million in Series A funding

The operation, led by Azur Innovation Fund in partnership with other Moroccan investors, marks a significant step forward for local innovation financing.

Founded with the objective of deploying digital solutions adapted to field needs, ORA Technologies offers two main services: Kooul, a food delivery application, and ORA Cash, a digital wallet facilitating cash collection in e-commerce transactions.

According to its founder, Omar Alami, this fundraising reflects recognition of the efforts made to adapt digital technology to local realities. It will allow the startup to consolidate its logistics infrastructure and strengthen the penetration of its services in the Moroccan market.

“This fundraising is much more than just funding. It is a strong signal that the Moroccan ecosystem is taking a step forward and providing the means to support innovative projects rooted in local reality,” he said on this occasion.

In a context where African tech remains largely dependent on foreign funding, the 100% Moroccan origin of this fundraising is a notable fact. It reflects an emerging trend of involving national capital in supporting innovative companies. ORA Technologies is developing according to a logic of progressive growth, with solutions designed to meet specific needs, particularly in areas still underserved by traditional digital players.

Challenges for the Moroccan tech ecosystem

This operation could encourage other startups to seek similar financing locally. It highlights the role that Moroccan funds can play in structuring the national ecosystem and creating a more resilient entrepreneurial fabric.

The announcement comes amid a public strategy for digitalization, illustrated by recent initiatives in agritech, digital education, and blockchain, led by public and private institutions. The $7.5 million raised is expected to be used to expand delivery activities via Kooul and boost the adoption of ORA Cash, particularly in local e-commerce. These services target markets that are still underserved by traditional payment and logistics solutions.

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First published in LES ECO.ma. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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