Wallets/taptap-send
TapTap Send
0 standards supported
Overview
TapTap Send is a mobile-first, low-cost cross-border remittance app focused on diaspora corridors into Africa, Asia and Latin America, operated by TapTap Send, Inc. [1, 2]. Founded in 2018 by Michael Faye (also co-founder of GiveDirectly and Segovia), TapTap Send offers fast, low- or zero-fee transfers from migrants in North America, the UK, Europe and the Gulf to recipients via mobile money and bank deposit. Its proposition is a stripped-down, app-only experience optimized for high-volume, low-value remittances [1].
History
2018 — Founded [1] by Michael Faye; built to undercut legacy remittance fees on diaspora corridors.
2019-2021 — Corridor expansion [1]: Rapid addition of African and Asian receive markets with mobile-money payout.
2021 — $65M Series B [2]: Round led by Spark Capital (with Reid Hoffman, Canaan and others) fuels licensing and corridor growth.
2022-2025 — Multi-region send markets [1]: Expansion of send countries across Europe, the UK and the UAE alongside North America.
Ownership & operator
Operating entity: TapTap Send, Inc.
Founder/CEO: Michael Faye (co-founder of GiveDirectly and Segovia Technology).
Major investors: Spark Capital, Canaan Partners, Reid Hoffman, Breyer Capital, others.
Regulators:
- United States: FinCEN MSB + state money-transmitter licenses.
- United Kingdom: FCA authorisation.
- Other markets: per-country financial regulators.
Technical integration
TapTap Send is an app-only digital remittance [1]:
| Layer | Description |
|---|---|
| Channels | TapTap Send app (iOS + Android) — mobile only |
| Identifiers | Recipient phone number (mobile money) + bank account |
| Funding | Sender debit/credit card, bank transfer |
| Payout rails | Mobile money (M-Pesa, MTN, Orange, Wave, etc.) + bank deposit |
| Focus | High-volume, low-value diaspora corridors into Africa/Asia/LatAm |
Implementations & partners
Operator: TapTap Send, Inc.
Payout partners: Mobile-money networks (M-Pesa, MTN MoMo, Orange Money, Wave) and banks across Africa, Asia and Latin America.
Competitors: [[sendwave]], [[remitly-app]], [[worldremit]], [[zepz]], [[western-union]], [[moneygram]], Wave.
Status
Active, diaspora-focused remittance app [1, 2]:
- TapTap Send, Inc.; founder Michael Faye.
- App-only, low-fee corridors into Africa/Asia/LatAm.
- $65M Series B (2021, Spark Capital).
Sources
Source
Biography extracted from taptap-send.md. See matrix.md for standards-support matrix if present.