Mara (technology company) explained

Mara
Type:Privately held company
Industry:Financial services
Foundation:2021
Founders:
  • Chi Nnadi; Lucas Llinás Múnera; Dearg OBartuin
Area Served:Africa (Nigeria, Kenya)
Key People:Chi Nnadi (CEO)
Products:Cryptocurrency exchange, cryptocurrencies
Num Employees:51 - 200
Num Employees Year:2022
Homepage:https://www.coinmara.com/

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

History

Mara was founded in 2021 by Chi Nnadi, Lucas Llinás Múnera, and Dearg OBartuin.[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.

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

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]

Notes and References

  1. Web site: Mara launches crypto wallet for sub-Saharan Africa . 2022-11-01 . Fortune . en.
  2. Web site: Nwafor . 2022-07-06 . Crypto education: How Mara Wallet app makes crypto management seamless . 2022-11-01 . Vanguard News . en-GB.
  3. Web site: Mara Set to Launch Cryptocurrency Wallet to Manage Finances – THISDAYLIVE . 2022-11-01 . www.thisdaylive.com.
  4. Web site: Ladipo . Ebunoluwa . 2022-07-04 . Mara Wallet to boost crypto, NFT adoption in Africa . 2023-05-19 . Businessday NG . en-US.
  5. Web site: Kene-Okafor . Tage . 2022-05-11 . MARA nabs $23M to build Africa’s portal to the crypto economy . 2022-11-01 . TechCrunch . en-US.
  6. News: Christiana . Alabi . 4 July 2022 . Tech Firm To Launch Crypto-Economy Portal . Daily Trust . 1 November 2022.
  7. Web site: Anaesoronye . Modestus . 2022-06-16 . MARA names Susan Younis chief marketing officer . 2022-11-01 . Businessday NG . en-US.
  8. Web site: Adeyemi . Daniel . 2022-06-07 . Mara hires ex-Apple executive as Chief Marketing Officer . 2022-11-01 . TechCabal . en-US.
  9. Web site: 2022-08-24 . ‘Blockchain technology to provide jobs, solve problems’ . 2022-11-01 . The Guardian Nigeria News - Nigeria and World News . en-US.
  10. Web site: 2022-05-15 . MARA raises $23m to build Africa’s crypto economy portal . 2022-11-01 . The Guardian Nigeria News - Nigeria and World News . en-US.
  11. Web site: Coinbase-Backed MARA to Help Central African Republic on Bitcoin . 2022-11-01 . www.bloomberg.com.
  12. Web site: BellaNaija.com . 2022-09-29 . Mara Foundation Sets out to Train One Million Innovators to impact Billions of Lives in Africa . 2023-03-05 . BellaNaija . en-US.
  13. Web site: Circle Partners with Mara Foundation for Web3 Capacity Building in Africa . 2023-03-05 . www.circle.com . en.
  14. Web site: Association . Ghana Football . GFA unveils Mara as official partner of Black Stars for FIFA World Cup Qatar 2022 . 2022-11-01 . www.ghanafa.org . en.

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