A new crypto project called Mara has now been introduced to the African crypto ecosystem. This project is backed by Coinbase Ventures, FTX-affiliated Alameda Research, Huobi Ventures, and other prominent venture capital firms and angel investors in the industry.
Mara is a digital financial ecosystem project that appears only to be starting its ride with the launch of a cryptocurrency wallet for signed-up users in Nigeria.
Having raised $23 million in fundraising, Mara already has a waitlist with over 3 million users, the majority being Nigerians. It is said that as the wallet app advances, the whole product will be rolled out to other countries, including Ghana and Kenya.
According to co-founder and CEO Chi Nnadi, Mara was explicitly built for the African crypto market through money transfer services and with the idea for a broader suite of financial products that sets it apart from other global brokerages and exchanges.
The…
