![]() The mobile money revolution has also changed the limit’s of what is possible with cross border flows, particularly in frontier markets. Informal remittances are estimated to be almost as large as those through formal channels: more than 7x since 2002. The formal $540B remittance market is the largest source of capital for low and middle income countries, surpassing foreign direct investment and official development assistance, combined. The new capital will allow the team to expand to additional diaspora communities, invest in product development and hire new talent to further improve the quality of service. The company enables remittances for some of the most underserved markets globally. Taptap Send provides individuals with a simple, convenient platform to send cross-border payments instantly and without fee1. Taptap Send’s total funding now exceeds $80 million. ![]() NEW YORK, December 20, 2021- Taptap Send, a community focused cross-border financial platform, today announced a $65M Series B funding round led by Spark Capital, with participation from Unbound and previous leads Reid Hoffman and Canaan Partners, along with Slow Ventures, Breyer Capital, Wamda Capital, Flourish Ventures, and additional investors from the Middle East, Africa, Asia and Latin America. Spark Capital leads new round to fuel expansion of mobile cross-border financial flows, benefiting those who need it most Taptap Send Raises $65M Series B to Expand Cross-Border Fintech Platform and Reduce Global Inequality ![]()
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