Maps Me
“Can a 140-million-user offline mapping app become a decentralised global travel wallet by embedding crypto payments, stablecoin savings, and prepaid cards?”
HQZug, Switzerland
Latest roundVenture - Series Unknown
IndustryFintech / Consumer banking
The story
Maps.me began as an offline navigation app used by 140 million travelers worldwide, powered by OpenStreetMap data. In early 2021, the company — registered under Convexity Holdings AG in Zug, Switzerland — announced a major strategic pivot to Maps.me 2.0, rebranding itself as a fintech wallet targeting travelers. The new product offered decentralised payments powered by Solana, stablecoin-based savings, crypto exchange, and Monavate-backed prepaid cards — effectively transforming a mapping utility into an embedded finance platform for a global traveler audience.
Last 12 months
—
Product timeline
2021
Maps.me announced pivot to Maps.me 2.0, adding next-generation financial services (payments, passive income, crypto wallet) to its existing offline mapping platform trusted by 140M users.· pivot
2021
Maps.me partnered with Circle to offer DeFi experience to consumers, integrating Circle's stablecoin infrastructure.· banking
2021
Maps.me launched a crypto/DeFi wallet supporting Solana blockchain, offering earn up to 8% passive income, crypto exchange, and digital dollar storage.· banking
2021
Maps.me partnered with Monavate to provide prepaid cards linked to digital wallets for up to 60 million active users.· card
The stack
Accounting gap: none