![]() ![]() Taptap offers better conversion rate then any other app and transaction is free of any charge. When I found out about this app it sounded too good to be true. I use WU for last 13 years and it works great but they give you little less then current conversion rate, I guess that’s how they make money. Next time they will ask for your parking ticket, airline boarding pass, and maybe utility bill as well as your X-ray photos Creepy folks!!! Please run far and don’t follow their very creepy approach. I’ve used PayPal, xoom and never a problem and PayPal itself for over 10 years and no problem with my ID but these folks claim there’s a problem and yet they can’t tell me because of government regulations as if the government is afraid of me. ![]() They take everything you’ve lived for and then turn around and say that they have to closed your account. Too invasive and creepy, to say the least.By the time you finish setting up, you feel like you were seeking employment with the FBI. Unless you want give every personal information, even your whole life, be very careful. You can’t get anyone to talk to and they then make it almost impossible to remove your personal information or close the account. By the time you know it, they would’ve collected your entire life and if you want to change anything, then you’d have to contact support. You start off setting up your account and they ask for few personal information and they ask for more information little by little. We try our best to fact check and bring the best, well-researched and non-plagiarized content to you.I find this app very creepy. ”- Brendan Dickinson, General Partner at Canaan Partners.įor more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay. This approach is strongly resonating with customers, as Taptap Send’s massive growth has been 90+% organic. Thus, it becomes economically viable to transfer smaller payments – and in doing so, increases the total amount of remittances delivered. As a result, it is nearly the most affordable player in the market. Taptap Send gives the maximum amount of cost savings possible to the customer. As people turn toward e-wallets and digital money, it brings a chance for remittance enterprises to build a unique magical experience by directing funds to those wallets directly. What the Investors have to say: “The company features a nuanced, yet impactful strategy that Michael has administered to enable to be cost-effective in every market they enter. We are earning profit as our company expanded five times last year.”- Michael Faye, Founder of Taptap Send. What the Founder has to say: “Taptap Send is exploiting the recent structural change witnessed in the digital money market and other distribution networks to supply what is estimated to be the fastest and best-price product for customers. ![]() Taptap Send assists payments in fifteen African nations, including Senegal, Mali, Guinea, Ghana, Cameroon, the Ivory Coast, Kenya, Madagascar, Zambia, DR Congo, Morocco, and the Republic of Congo. The startup runs the business from eight countries home to a massive proportion of migrants, such as the United Kingdom, Belgium, Canada, France, Italy, etc. In other words, providing reasonable prices will attract more individuals. Economies of scale is another aspect on which the startup’s business model depends. In its place, it takes a share of foreign exchange using a tech stack that enables it to give cheaper exchange rates to its customers. Purpose of the funding: The company plans to deploy the proceeds from the recent investment to support and expand the scope of its no-fee international money transfer service.įounded in 2018 by Michael Faye, a development economist and former United Nations official, Taptap Send’s business model works by charging no commission or other transfer fees. The company is also backed by Helios Investment Partners and many other firms. Investors: The Series A investment round featured Canaan Partners and LinkedIn Co-founder Reid Hoffman as the lead investors, including other undisclosed investors. Taptap Send, a UK-based remittance-service app that lets people send money back home to Africa and Asia instantly for free, has raised US$13.4 million in a Series A investment round led by Canaan Partners on 24 June 2021. ![]()
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