![]() ![]() Cash pickup with BRAC Bank, Bank Islami, Mutual Trust Bank, Sonali Bank. Bank transfers to any banks in Bangladesh. Taptap Send’s total funding now exceeds USD 80 million. We couldn’t be more excited to be joining them on our mission to bring low-cost, accessible, cross-border financial products to underserved diaspora populations around the world.”įor more details on this update, check here. Curve raised £58 million in Series C extension funding from Britannia, IDC Ventures, Cercano Management, Cohen Circle and Outward VC. You can currently send money to these countries and providers: Bangladesh. “We’ve looked at a lot of fintech companies in the space, and think Taptap’s team and community-led approach are best in class. Investor James Kuklinski of Spark Capital remarked: ![]() ![]() “With the pandemic pushing more than a hundred million people into extreme poverty and countless others into economic hardship, the importance of capital and the ease of moving it where it’s most needed has rarely been greater.” Michael Faye, co-founder and CEO of Taptap Send, said: The importance has never been greater: COVID has “not only had a devastating impact on many recipient communities but also made traditional box-store solutions even more difficult to access,” the update noted. Taptap Send is creating products to “capture this opportunity, providing senders peace of mind with a secure, affordable solution, and recipients with an accessible, convenient way to receive this capital,” the announcement added. The mobile money revolution has also “changed the limits of what is possible with cross-border flows, particularly in frontier markets,” the announcement noted.Ĭonnecting over a billion people to the financial grid for the first time, mobile money allows more consumers to be reached “more quickly, securely and efficiently than ever before,” the update explained. Informal remittances are “estimated to be almost as large as those through formal channels: more than 7x since 2002,” the update revealed. The announcement also mentioned that 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.” The capital injection should allow the team to further expand “to additional diaspora communities, invest in product development and hire new talent to further improve the quality of service.” The Fintech firm enables remittances for some of ‘the most underserved markets globally,’ according to a release. Other than that, Im so happy I found this new platform. Even when Taptap send lowers their rate, its still higher than the rest - I will just say sometimes it takes a while for the recipient to recieve the money. Taptap Send offers individuals an intuitive, convenient platform to perform cross-border transactions instantly and without fees. Taptap Send always have the better rates compared to Nala and Sendwave. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |