Taptap Send, a NYC-based community focused cross-border financial platform, raised $65M in Series B funding.
The round, which brought total funding to over $80m, was 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.
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.
Led by Michael Faye, co-founder and CEO, Taptap Send provides individuals with a platform to send cross-border payments instantly for some of the most underserved markets globally without fee for transfers in floating exchange rate corridors. In fixed exchange rate corridors, the company charges a nominal fee.