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ORA Technologies is spearheading the creation of an e-Morocco ecosystem, integrating fintech, e-commerce, and on-demand services into a superapp. Their Kooul food delivery service has rapidly expanded across six cities, while ORA Cash offers a mobile payment solution aimed at the unbanked, promoting financial accessibility. With backing from Witamax & Azur Innovation Fund, ORA is poised to redefine Morocco's digital landscape and drive the country towards a cashless economy.
France has provided Morocco with an $846 million loan to finance the purchase of 18 high-speed trains as part of the country's infrastructure investments ahead of the 2030 FIFA World Cup. The loan, part of a financial cooperation agreement signed during President Macron's visit, will enable the Office National des Chemins de Fer to acquire Alstom's Avelia Horizon trains, which will operate on the high-speed rail line from Kenitra to Marrakech. These double-decker trains, capable of carrying 640 passengers at speeds of up to 320 km/h, will be manufactured in France, with some components produced in Morocco.
France has provided Morocco with an $846 million loan to finance the purchase of 18 high-speed trains as part of the country's infrastructure investments ahead of the 2030 FIFA World Cup. The loan, part of a financial cooperation agreement signed during President Macron's visit, will enable the Office National des Chemins de Fer to enhance the rail connection between Kenitra and Marrakech. French company Alstom will supply the Avelia Horizon trains, which can carry up to 640 passengers at speeds of 320 km/h, with some components manufactured locally in Fez.
UAE-based fintech startup Klaim has secured $26 million in Series A funding, including $10 million in equity and $16 million in debt, to expedite insurance claim payments for healthcare providers. Founded in 2019, Klaim allows providers to receive payments within 24 hours, significantly enhancing cash flow. The company plans to expand operations across the MENA region, focusing on the UAE, Saudi Arabia, and Oman, while also enhancing its technology and forming new partnerships.
UAE-based fintech startup Klaim has secured $26 million in Series A funding, including $10 million in equity and $16 million in debt, to expedite insurance claim payments for healthcare providers. Founded in 2019, Klaim allows providers to receive payments within 24 hours, significantly enhancing cash flow. The company plans to expand operations across the MENA region, focusing on the UAE, Saudi Arabia, and Oman, while also enhancing its technology and partnerships.
Moroccan super app ORA Technologies has raised $1.9 million in a pre-Series A funding round to enhance its food delivery service, Kooul, and its digital payment solution, ORA Cash. Founded in 2023 by Omar Alami, the app features P2P transactions, e-commerce, and social networking. This funding brings ORA's total raised to $4.4 million, highlighting Morocco's potential as a burgeoning tech hub in Africa.
Moroccan super app ORA Technologies has raised $1.9 million in a pre-Series A funding round to enhance its food delivery service, Kooul, and its digital payment solution, ORA Cash. Founded in 2023 by Omar Alami, the app features P2P transactions, e-commerce, and social networking. This funding brings ORA's total raised to $4.4 million, highlighting Morocco's potential as a burgeoning tech hub in Africa.
Ajras secures funding to enhance its position in Saudi Arabia's rapidly growing proptech sector, projected to reach $109 billion by 2030. Meanwhile, ORA Technologies raises $1.9 million to expand its digital payment and food delivery services in Morocco, aiming to drive financial inclusion. Talabat acquires InstaShop for $32 million, strengthening its grocery and retail presence across MENA.
Startup Bahrain has partnered with Reboot Coding Institute to enhance technical skills among entrepreneurs, aiming to strengthen Bahrain's digital economy. This collaboration will provide workshops and mentorship, equipping startup teams with essential coding expertise to foster innovation and competitiveness in the tech sector.
Salica Spring Studios has announced a strategic investment in BILRS, a provider of global bill payment solutions, aimed at enhancing its operations and expanding its reach. This partnership underscores a commitment to innovation in digital payments, facilitating seamless cross-border transactions. BILRS integrates with major financial service providers to ensure fast, secure payments while complying with global regulations.
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moroccan startup ora technologies secures funding to expand digital services ecosystem
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france provides 846 million loan to morocco for high-speed trains
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moroccan super app ora technologies raises 1.9 million in pre-series a funding
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moroccan super app ora technologies raises 1.9 million in pre-series a funding
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moroccan superapp ora technologies secures funding to enhance digital services
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Moroccan Dirham
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TGO
LBN
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FIN
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