Taptap: Send raises $65 million

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