ORA Technologies bags $1.9M to expand Morocco’s consumer tech ecosystem
Bendada.com | Victory - Mar 12, 2025
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  • ORA Technologies secured $1.9 million in pre-Series A funding, increasing total funding to $4.4 million.
  • The investment was led by local Moroccan firms, indicating growing confidence in local tech ventures.
  • ORA Cash, the country's first social mobile wallet, is one of the flagship offerings set to expand with the new funding.
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The success of ORA Technologies in securing significant funding highlights the potential for innovation in Morocco's tech landscape. As the country positions itself as a fintech hub, it is crucial for stakeholders to support initiatives that promote financial inclusion and accessibility. The collaboration with established financial institutions like Banque Centrale Populaire is a strategic move that could enhance the credibility and reach of digital financial services.
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