Startup Maps.me raised $50 million to create a DeFi system

Startup Maps.me raised $50 million to create a DeFi system

The funds raised will be used to develop and launch a crypto wallet built into the application with the function of profitable farming.

Maps.me is a navigation service, like Google Maps, that allows you to use it without access to the Internet.  


In its latest funding round, led by Alamenda Research, the startup managed to raise $50 million. According to the press release, the funds will be used to “create DeFi tools” that can be used by all 140 million Maps.me users. 


The company statement states:


By simplifying access to profitable farming for millions of Maps.me users, we can truly promote DeFi to the masses.

Subscribe to ForkNews on Telegram to always stay up to date with the latest news from the world of cryptocurrencies


According to www.coindesk.com

You May Also Like

372022-01-14

NEAR Protocol reaches ATH as it raises $150 million in funding

Near Protocol, one of the most talked about decentralized application (dApps) projects, has received $150 million in investments from major crypto companies.

DeFi
332021-12-20

Hackers hacked the Grim Finance DeFi platform

On December 19, decentralized finance platform Grim Finance lost $30 million.

DeFi

Latest articles from DeFi category