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FinTech Series B Founded 2021

Mara

Mara operates a regulation-compliant cryptocurrency platform built in Africa that provides digital wealth management and crypto products designed to offer ease, reliability, and transparency for users seeking financial and entrepreneurial solutions in emerging markets. The platform offers a mobile cryptocurrency wallet enabling users to buy, sell, store, and manage digital assets including Bitcoin and other…

📍 Nairobi, Kenya · Cryptocurrencies,

Funding snapshot

Last roundSeries B
Amount$23M
Date11 May 2022
Total raised$23M
Team size69

About

Mara operates a regulation-compliant cryptocurrency platform built in Africa that provides digital wealth management and crypto products designed to offer ease, reliability, and transparency for users seeking financial and entrepreneurial solutions in emerging markets. The platform offers a mobile cryptocurrency wallet enabling users to buy, sell, store, and manage digital assets including Bitcoin and other cryptocurrencies, with features tailored to the African market including local payment integration, educational resources for digital wealth learning, and compliance with regional regulatory frameworks. Mara focuses on addressing the unique financial infrastructure challenges in Africa, where access to traditional banking services remains limited for large portions of the population, positioning cryptocurrency as an alternative pathway to financial inclusion and wealth building. The company emphasizes building trust through regulatory compliance and transparency, serving as a bridge between traditional financial systems and the emerging digital asset economy for African users. Founded in 2021 and headquartered in Nairobi, Kenya, Mara has raised approximately $23 million at the Series B stage from investors including TQ Ventures, Coinbase, Alameda Research, Distributedglobal, Day One Ventures, Digital Ventures, Infinite Capital, DAO Jones, Nexo, HTX, Fundamental Labs, LOL Capital, Marin Digital Ventures, Luna Capital, Andon Okapi, Woodstock, Contango, and Mapleblock.

Business model

Cryptocurrencies > Wallet > Hot Wallets > Mobile Wallets

Institutional investors

TQ Ventures Coinbase Alameda Research Distributedglobal Day One Ventures Digital Ventures Infinite Capital DAO Jones Nexo HTX Fundamental Labs LOL Capital Marin Digital Ventures Luna Capital Andon Okapi

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