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

1602022-01-25

Fantom became the third DeFi ecosystem, overtaking BInance Smart chain

Smart contract platform Fantom celebrated the start of 2022 by becoming the third largest DeFi protocol after total value locked approached $12 billion.

DeFi
1462022-01-03

Aave has started developing a mobile wallet

DeFi project AAVE started the new year 2022 with the announcement of the creation of its own mobile wallet. 

DeFi

Latest articles from DeFi category