Casablanca-headquartered Ora has raised $7.5 million in Series A funding to scale its two core consumer platforms: food delivery app Kooul and mobile wallet Ora Cash. The round was led by Azur Innovation Fund, joined by three strategic local investors, and brings the company’s total local fundraising to $11.9 million since January 2023.
Founded in 2023 by Omar Alami, Ora operates multiple independent products aimed at digitizing everyday transactions for Moroccan consumers.
Ora Cash, the company’s digital wallet, allows users to open an account in seconds and send money instantly and for free. In five months, the startup said it has onboarded over 50,000 users, many of them delivery riders using the wallet to digitize cash-on-delivery payments. The company claims its tools help riders and merchants transition to cashless workflows without disrupting existing habits.
Kooul, Ora’s food delivery platform, serves more than 15,000 active customers, according to the company. It said the platform has reached this milestone in less than a year by offering a fairer economic model for riders and restaurants, helping it grow quickly in underserved urban markets.
“This landmark achievement shows a strong commitment from local investors to the local startup ecosystem and we are proud and honoured about it,” said founder Omar Alami. “It proves that local funding alternatives exist for later stages and encourages Moroccan founders to raise more money locally to scale up.”
The Series A funding will be used to accelerate Ora’s last-mile delivery operations and strengthen its digital cash collection infrastructure. The company plans to explore both local and international growth opportunities as it scales its operations.
This round follows Ora’s $1.9 million Pre-Series A funding round completed four months ago, which was led by Witamax and Azur Innovation Fund.
Omar noted the recent momentum in Morocco’s tech ecosystem, citing growing interest from both international and local venture capitalists since the Moroccan Sovereign Fund “Fonds Mohammed VI pour l’investissement” decided to support the local technology ecosystem.
- Saudi’s Orbii raises $3.6 million in Prosus-led seed to help banks and fintechs launch SME lending - September 8, 2025
- Egypt’s TradeHub shuts down, returns remaining capital to investors after failing to achieve product-market fit - September 7, 2025
- Dubai’s WheelsOn raises $12.5 million in debt and equity for its deposit-free car rental platform - September 7, 2025
