User:BaroneDouphol/sandbox

Maps.me (styled as MAPS.ME) is an online to offline mobile mapping application for Android and iOS allowing users to access maps on their phone when they don't have an internet connection. It uses OpenStreetMap data and has a reported 60 million active users and 140 million downloads. Maps.me is owned by Daegu Limited, a member of Parity.com Group. On January 18, 2021, it raised US$50 million dollars in a funding round, led by Sam Bankman-Fried’s Alameda Research, to integrate decentralized finance (DeFi) into its platform. On September 18, 2022, Maps.me announced the launch of a mobile app wallet with a prepaid Mastercard in partnership with Monavate.

History
Maps.me was founded by Yury Melnichek, Alexander Borsuk, Viktor Govako and Siarhei Rachytski. Under the leadership of Alexander, MapsWithMe onboarded 2.5M users worldwide. In November 2014, it was acquired by Mail.Ru Group and became part of its My.com brand. In September 2015, the app was open sourced and a free and open-source software version was additionally made available on F-droid. In November, 2020, Mail.ru Group sold Maps.me to the payment processor Daegu Limited, part of Parity.com Group. Daegu Limited has evolved the application user interface and content. In January 2021, a fork was created by a developer community.

MapsWithMe GmbH
Maps.me was formerly known as MapsWithMe and initially developed by Zurich-based MapsWithMe GmbH with a development office in Minsk. In 2012, MapsWithMe came in first in the Startup Monthly competition in Vilnius. The team won a nine-week traineeship in Silicon Valley as a prize.

Mail.ru Group
In November 2014, Maps.me was acquired by Mail.Ru Group for 542 million Russian rubles (approximately US$14 million at that time) to be integrated with My.com, and the app was made free of charge. The engineering team was relocated to the Mail.Ru Group office in Moscow to continue working on the project. In 2019, its revenue amounted to 159 million rubles (US$2.5 million) with an EBITDA loss of 25 million rubles (US$0.39 million).

Daegu Ltd and Parity Group
On November 2, 2020, Daegu Limited bought Maps.me for 1.56 Billion Russian rubles (approximately US$20 million at that time). Daegu Limited is announced to be part of Parity.com Group. On January 18, 2021, it raised US$50 million dollars in a funding round, led by Sam Bankman-Fried’s Alameda Research, to integrate decentralized finance (DeFi) into its platform. On September 18, 2022, Maps.me announced the launch of a mobile app wallet with a prepaid Mastercard in partnership with Monavate.