taptap send 65m spark series junelundentechcrunch

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. Latest Fintech News: Bitwise Launches Blue-Chip NFT Index Fund, Offering Broad Exposure to the Most Iconic Digital Art Collections

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 fee 1.

“We’re committed to reducing global inequality by providing accessible, usable financial tools to individuals who need them most.” Taptap Send’s total funding now exceeds $80 million. Taptap Send, a community focused cross-border financial platform, 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 65m spark series junelundentechcrunch