ORA Tech raises US$1.5m

ORA Technologies has bagged seed-funding worth US$1.5m.

Money from for the Moroccan-based super-app came from locally-based entrepreneurs.

It will use the money to expand.

ORA’s mobile app offers P2P transactions, e-commerce, on-demand services, chat functionality, social networking and a future digital wallet.

It was founded last year by CEO Omar Alami.

Last November ORA raised US$1m via a pre-seed round.

The expansion will focus on its e-wallet, which allows users to transfer money instantly via a partnership with M2T, a subsidiary of Banque Centrale Populaire.

Alami told Disrupt Africa: “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.

“Our mission is clear: 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.”