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Taptap: Send raises $65 million

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Taptap: Send raises $65 million

  • Taptap Send has raised $65 million in a Series B funding round
  • The new capital raise was led by Spark Capital, with participation from Unbound and previous leads Reid Hoffman
  • Founded by the founders of the non-profit philanthropic cash transfer outfit GiveDirectly and Segovia
  • Whereas the World Bank predicted a 25% decline in remittances since the onset of Covid
  • It has seen more than 8x growth and doubled its team to 100+ with an additional 13 receive markets
  • Committed to reducing global inequality by providing accessible, usable financial tools to individuals who need them most

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