Routemaster Capital Announces Investment in Maps.me, a Travel Application Bringing DeFi Services to Its Global User Base of 1...
January 27 2021 - 7:00AM
Routemaster Capital Inc., a Canadian decentralized finance company
(Routemaster) (NEO: DEFI, GR: RMJR), is pleased to announce that it
has finalized an investment in Maps.me, one of the first
implementations of decentralized finance technologies for a large
international user base of consumers.
Routemaster, through its recent acquisition of
DeFi Holdings Inc., is focused on providing public market investors
with access to the rapid growth in decentralized finance. This new
model for financial services enables transactions between different
parties to be processed through distributed ledger technology, or
blockchain, rather than be centralized through a traditional
financial institution.
Maps.me is the leading global offline mapping
application, helping a wide range of users navigate the world
without using often-costly mobile data. The new Maps.me 2.0
iteration will add embedded financial services: a multi-currency
wallet, foreign exchange for travel, peer-to-peer payment services
and passive income investment products generating yields of up to
8% – all with low fees and no hidden costs.
“Maps.me will combine a smart travel tool with
the biggest gateway in the market for the adoption of DeFi,” said
Alex Grebnev, co-founder of Maps.me. “We’re pleased to be working
with Routemaster and our other partners to enrich the lives of
millions of consumers around the world.”
Maps.me has recently finalized a US$50 million
investment to launch these new Maps.me 2.0 features, led by Alameda
Research, CMS Holdings and Genesis Capital.
“We are excited to see the potential of such a
large user base which will be able to access new DeFi
protocols and drive adoptions growth, this is surely the first of
many implementations of its kind,” said Olivier Roussy Newton a
co-founder of DeFi Holdings and advisor to Routemaster.
About Maps.me:Maps.me is the
world’s leading offline mapping application. Over the last nine
years, Maps.me has been trusted by 140 million users, with over 60
million people using Maps.me last year to navigate across 195
countries. This trusted travel companion provides turn-by-turn
routing, travel guides, and detailed mapping.
About Routemaster Capital
Inc.Routemaster Capital Inc. is a Canadian company that
carries on business with the objective of enhancing shareholder
value through building and managing assets in the decentralized
finance sector.
For further information, please
contact:Daniyal BaizakPresident and Chief Executive
OfficerTel: +1 (416) 861-1685
Cautionary note regarding
forward-looking information:This press release
contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with
respect to the investment in Maps.me; the terms of such
transaction, the business of DeFi Holdings; the pursuit by
Routemaster and DeFi Holdings of investment opportunities; the
decentralized finance industry and the merits or potential returns
of any such investments. Generally, forward-looking information can
be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company, as the case may be, to be materially different from
those expressed or implied by such forward-looking information.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
THE NEO STOCK EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
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