Status: Active
Sector: Fintech
Industry: International Money Transfer, Mobile Payments, Digital Banking
Summary: Taptap Send is an app that lets people send money back home to Africa, Asia, and the Caribbean quickly and at very low prices.
Company Overview: Taptap Send is a fintech startup founded in 2018. Its mission is to make it easier for diasporans to send money to their families and loved ones, minimizing the high costs and time lost in the process. Through its easy-to-use mobile app, the company offers its users fast, secure and cost-effective money transfer services.
Business Model: Taptap Send’s business model is based on commissions received on the money sent. It provides a competitive advantage by offering lower commission rates and exchange rates compared to traditional banks. It also plans to offer currency exchange and mobile wallet services as additional revenue streams.
Product & Services:
- Mobile Application: A user-friendly mobile app that enables users to send money to various countries worldwide.
- Fast Transfers: Services that ensure the money reaches the recipient’s account quickly.
- Low Cost: Competitive pricing with low commission rates.
- Secure Transactions: High security standards to protect user data and transactions.
Key People:
Michael Faye: Co-Founder and CEO
Tom Stenhouse: CFO
Investment & Growth Information:
Taptap Send has raised a total of $75 million in funding from investors such as Spark Capital, Canaan Partners, and Slow Ventures. Thanks to these investments, the company is expanding the number of countries it serves and its user base. Taptap Send is showing rapid growth, particularly in the European, African, and Asian markets.
Important Links:
https://www.linkedin.com/company/taptapsend/