Russian travel app gets $50 million to add digital wallet, an offline travel app that includes both routes and local business recommendations, has raised $50 million to add a multi-currency wallet to its platform. Led by Alameda Research, the round was joined by two cryptocurrency investors, Genesis Capital and CMS Holdings.

Investors hope that by embedding decentralized finance (DeFi) into an “everyday app”, could make it more mainstream.

The new features will allow the 140 million users to both make payments and investments. The goal is to avoid high foreign exchange rates and allow travel bookings with “near-zero” fees.

Ironically it’s hard to track the mapping company’s location: originally Russian, registered in Cyprus, temporarily owned by Amsterdam-based Russian company, then recently sold to Daegu Limited for a little over €17 million.

Image from 

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.