Mara (technology company)

Short description: African Technology Company

MaraType| Privately held company

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Industry| Financial services
Founded| 2021
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

* 1 History
* 2 Partnership
* 3 References
* 4 External links

## 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. ↑ 1.0 1.1 1.2 "Mara launches crypto wallet for sub-Saharan Africa" (in en). https://fortune.com/crypto/2022/10/27/coinbase-and-ftx-backed-mara-launches-crypto-wallet-for-sub-saharan-africa/.
2. ↑ 2.0 2.1 Nwafor (2022-07-06). "Crypto education: How Mara Wallet app makes crypto management seamless" (in en-GB). https://www.vanguardngr.com/2022/07/crypto-education-how-mara-wallet-app-makes-crypto-management-seamless/.
3. ↑ "Mara Set to Launch Cryptocurrency Wallet to Manage Finances – THISDAYLIVE". https://www.thisdaylive.com/index.php/2022/07/01/mara-set-to-launch-cryptocurrency-wallet-to-manage-finances/.
4. ↑ Ladipo, Ebunoluwa (2022-07-04). "Mara Wallet to boost crypto, NFT adoption in Africa" (in en-US). https://businessday.ng/news/article/mara-wallet-to-boost-crypto-nft-adoption-in-africa/.
5. ↑ Kene-Okafor, Tage (2022-05-11). "MARA nabs $23M to build Africa’s portal to the crypto economy" (in en-US). https://techcrunch.com/2022/05/11/mara-raises-23m-from-coinbase-ventures-and-ftx-to-build-africas-portal-to-the-crypto-economy/.
6. ↑ Christiana, Alabi (4 July 2022). "Tech Firm To Launch Crypto-Economy Portal". Daily Trust. https://dailytrust.com/tech-firm-to-launch-crypto-economy-portal.
7. ↑ Anaesoronye, Modestus (2022-06-16). "MARA names Susan Younis chief marketing officer" (in en-US). https://businessday.ng/companies/article/mara-names-susan-younis-chief-marketing-officer/.
8. ↑ Adeyemi, Daniel (2022-06-07). "Mara hires ex-Apple executive as Chief Marketing Officer" (in en-US). https://techcabal.com/2022/06/07/mara-susan-younis-hires-ex-apple-executive-as-chief-marketing-officer/.
9. ↑ "‘Blockchain technology to provide jobs, solve problems’" (in en-US). 2022-08-24. https://guardian.ng/technology/blockchain-technology-to-provide-jobs-solve-problems/.
10. ↑ 10.0 10.1 10.2 "MARA raises $23m to build Africa’s crypto economy portal" (in en-US). 2022-05-15. https://guardian.ng/business-services/mara-raises-23m-to-build-africas-crypto-economy-portal/.
11. ↑ "Coinbase-Backed MARA to Help Central African Republic on Bitcoin". https://www.bloomberg.com/news/articles/2022-05-11/coinbase-backed-mara-to-help-central-african-republic-on-bitcoin.
12. ↑ BellaNaija.com (2022-09-29). "Mara Foundation Sets out to Train One Million Innovators to impact Billions of Lives in Africa" (in en-US). https://www.bellanaija.com/2022/09/mara-foundation/.
13. ↑ "Circle Partners with Mara Foundation for Web3 Capacity Building in Africa" (in en). https://www.circle.com/en/pressroom/circle-partners-with-mara-foundation-for-web3-capacity-building-in-africa.
14. ↑ Association, Ghana Football. "GFA unveils Mara as official partner of Black Stars for FIFA World Cup Qatar 2022" (in en). https://www.ghanafa.org/gfa-unveils-mara-as-official-partner-of-black-stars-for-fifa-world-cup-qatar-2022.

## External links

* Official Website

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