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# Crypto exchange platform Mara raises $23 million
- URL: https://www.techloy.com/crypto-exchange-platform-mara-raises-23-million/
- Published: 2022-05-12T11:40:46.000Z
- Updated: 2022-12-08T00:33:05.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Crypto, Tech in Nigeria, Tech in Kenya

[Mara,](https://mara.xyz/) a crypto exchange platform based in Nigeria and Kenya has raised $23 million to build a pan-African cryptocurrency exchange platform. 

- Mara is building a decentralized alternative for transactions in Africa through its digital financial system.
- The startup operates with a product suite including Mara wallet, an app that offers crypto-related buying and selling, Pro-Exchange, a platform for trading options and technical analysis and Mara Chain, a token-enabled blockchain that allows developers to build African-focused crypto apps.
- The startup has secured a partnership with the Central African Republic, the only African country that accepts crypto as a legal tender and will advise the president on planning and strategy for cryptocurrencies.
- The funding came from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures, and Infinite Capital among others.