YORA Technologies, a Moroccan super app, has successfully raised $1.9 million in a pre-Series A funding round, bringing its total capital raised since its 2023 launch to $4.4 million. The round was led by local investment firms Witamax and Azur Innovation Fund, highlighting strong local investor confidence in the company’s potential.
Founded by Omar Alami, YORA Technologies offers an integrated platform that combines services such as peer-to-peer transactions, e-commerce, on-demand services, chat functionality, and social networking. The company’s mission is to promote digital and financial inclusion in Morocco by providing accessible and easy-to-use digital solutions.
The newly raised funds will be used to scale Kooul, YORA’s fast-growing food delivery service, which has already expanded to six cities within five months. Additionally, the investment will help accelerate the development of ORA Cash, a digital payment and money transfer solution that enables users to create an IBAN account in just 40 seconds using only their phone number.
This funding round underscores the growing confidence in YORA Technologies’ ability to transform Morocco’s digital landscape. The company’s comprehensive approach aligns with the Moroccan government’s efforts to advance financial inclusion and a cashless economy, positioning YORA Technologies as a key player in the country’s digital transformation.
With this investment, YORA Technologies is well-positioned to further enhance its offerings, drive financial empowerment, and set new benchmarks in Morocco’s gig economy.
