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MARA raises $23m via equity and token sale

Nairobi based pan-African crypto exchange raised $23m via equity and token sale from investors including Coinbase Ventures, Alameda Research (FTX) and Distributed Global.

“We are pleased to partner with MARA as it embarks on building a digital financial system for Sub-Saharan Africa,” says Schuster Tanger, co-founder of TQ Ventures, one of the investors, in a statement. “With the right resources, this region has potential for mass adoption of cryptocurrency. To that end, the local knowledge and specialized skills of the MARA team is quite promising.”

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crypto, capital markets, africa, emerging markets