Mara (technology company)

Last updated

Mara
Company typePrivately held company
IndustryFinancial services
Founded2021
Founders
  • Chi Nnadi; Lucas Llinás Múnera; Dearg OBartuin
Area served
Africa (Nigeria, Kenya)
Key people
Chi Nnadi (CEO)
Products Cryptocurrency exchange, cryptocurrencies
Number of employees
51 - 200 (2022)
Website https://www.coinmara.com/

Mara is a pan-African financial technology, cryptocurrency, blockchain, and cryptoeconomy company. [1] [2] [3] [4]

Contents

History

Mara was founded in 2021 by Chi Nnadi, Lucas Llinás Múnera, and Dearg OBartuin. [1] [5] [6] The Mara executive team is led by Chi Nnadi (Co-Founder and CEO), Dearg OBartuin, and Yana Afanasieva, and joined by board advisors Kojo Annan and Tatiana Koffman. [7] [8] [9] Mara announced its entry into Nigeria and Kenya in May 2022. [10]

In May 2022, Mara also announced $23 million in funding from Coinbase Ventures, Distributed Global, TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures, Infinite Capital, DAO Jones, and nearly 100 other crypto investors. [10]

In May 2022, Mara was also named crypto partner of the Central African Republic and adviser to her president on crypto strategy and planning. [10] [11]

In October 2022, Mara announced the launch of their flagship product, Mara Wallet, which enables users to buy, sell, hold, and transfer crypto-assets. [1] [2]

Partnership

In September 2022, Mara Foundation partnered with Circle to organize a roadshow and hackathon aimed at increasing awareness of the potential of stablecoins and blockchain adoption as well as at educating developers and non-developers across Africa. [12] [13]

In October 2022, the Ghana Football Association announced Mara as an official sponsor of the Black Stars of Ghana ahead of the FIFA World Cup Qatar 2022. [14]

References

  1. 1 2 3 Schwartz, Leo (October 27, 2022). "Coinbase- and FTX-backed Mara launches crypto wallet for sub-Saharan Africa". Fortune. Retrieved November 1, 2022.
  2. 1 2 Nwafor (July 6, 2022). "Crypto education: How Mara Wallet app makes crypto management seamless". Vanguard News. Retrieved November 1, 2022.
  3. ↑ "Mara Set to Launch Cryptocurrency Wallet to Manage Finances – THISDAYLIVE". www.thisdaylive.com. Retrieved November 1, 2022.
  4. ↑ Ladipo, Ebunoluwa (July 4, 2022). "Mara Wallet to boost crypto, NFT adoption in Africa". Businessday NG. Retrieved May 19, 2023.
  5. ↑ Kene-Okafor, Tage (May 11, 2022). "MARA nabs $23M to build Africa's portal to the crypto economy". TechCrunch. Retrieved November 1, 2022.
  6. ↑ Christiana, Alabi (July 4, 2022). "Tech Firm To Launch Crypto-Economy Portal". Daily Trust. Retrieved November 1, 2022.
  7. ↑ Anaesoronye, Modestus (June 16, 2022). "MARA names Susan Younis chief marketing officer". Businessday NG. Retrieved November 1, 2022.
  8. ↑ Adeyemi, Daniel (June 7, 2022). "Mara hires ex-Apple executive as Chief Marketing Officer". TechCabal. Retrieved November 1, 2022.
  9. ↑ "'Blockchain technology to provide jobs, solve problems'". The Guardian Nigeria News - Nigeria and World News. August 24, 2022. Retrieved November 1, 2022.
  10. 1 2 3 "MARA raises $23m to build Africa's crypto economy portal". The Guardian Nigeria News - Nigeria and World News. May 15, 2022. Retrieved November 1, 2022.
  11. ↑ "Coinbase-Backed MARA to Help Central African Republic on Bitcoin". www.bloomberg.com. Retrieved November 1, 2022.
  12. ↑ BellaNaija.com (September 29, 2022). "Mara Foundation Sets out to Train One Million Innovators to impact Billions of Lives in Africa". BellaNaija. Retrieved March 5, 2023.
  13. ↑ "Circle Partners with Mara Foundation for Web3 Capacity Building in Africa". www.circle.com. Retrieved March 5, 2023.
  14. ↑ Association, Ghana Football. "GFA unveils Mara as official partner of Black Stars for FIFA World Cup Qatar 2022". www.ghanafa.org. Retrieved November 1, 2022.
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