ORA Technologies Acquires Cathedis in Morocco's First Locally Funded Startup Acquisition..
Morocco's ORA Technologies and the Azur Innovation Fund have acquired Cathedis, in the first merger between Moroccan startups fully funded with local capital.
The deal solidifies ORA's position as a key player in Morocco's e-commerce ecosystem and digital economy, by integrating Fintech, Foodtech and logistics.Founded in 2023 by Omar Alami, ORA offers a multi-service app that includes P2P transfers, e-commerce, on-demand services, chat, social networking, and a digital wallet that will be launched soon.
In July of this year, ORA closed its $7.5 million Series A funding round led by the Azur Innovation Fund.Press Release:In a new milestone in Morocco's startup ecosystem, ORA Technologies and Azur Innovation Fund have announced the joint acquisition of Cathedis, one of the leading national companies in e-commerce logistics and last-mile delivery.The deal marks the first merger between Moroccan startups, fully funded by local capital, and strengthens ORA's position as a pivotal player in Morocco's e-commerce landscape and digital economy, thanks to its unique value proposition in the market.The process also underscores ORRA's ambitious strategy to build an integrated digital ecosystem that includes fintechs, food technologies, and e-commerce logistics.Strategic integration and a comprehensive vision for e-commerceORA Technologies was founded in 2023 by Omar Alami, and in just two years it has managed to establish itself as one of the fastest growing companies in Morocco.With the merger of Cathedis, ORA is expanding its unique digital model based on three strategic pillars:Kooul, the delivery platform that reinvents Morocco's foodtech sector through a just economic model for all parties (restaurants, drivers, customers) andORA Cash, an end-to-end digital wallet that transforms payments on delivery into fully digital operations and supports financialinclusionCathedis, a major player in last-mile delivery, is strengthening its end-to-end e-commerce.
