# TapTap Send

> Source: https://docs.barcoder.ai/docs/wallets/taptap-send
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [TapTap Send — official](https://www.taptapsend.com/)

## 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.** <sup>[1][1], [2][2]</sup>. 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 <sup>[1][1]</sup>.

## History

**2018 — Founded** <sup>[1][1]</sup> by Michael Faye; built to undercut legacy remittance fees on diaspora corridors.

**2019-2021 — Corridor expansion** <sup>[1][1]</sup>: Rapid addition of African and Asian receive markets with mobile-money payout.

**2021 — $65M Series B** <sup>[2][2]</sup>: Round led by Spark Capital (with Reid Hoffman, Canaan and others) fuels licensing and corridor growth.

**2022-2025 — Multi-region send markets** <sup>[1][1]</sup>: 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** <sup>[1][1]</sup>:

| 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](https://docs.barcoder.ai/docs/wallets/sendwave), [Remitly](https://docs.barcoder.ai/docs/wallets/remitly-app), [WorldRemit (Zepz)](https://docs.barcoder.ai/docs/wallets/worldremit), [Zepz](https://docs.barcoder.ai/docs/wallets/zepz), [Western Union](https://docs.barcoder.ai/docs/wallets/western-union), [MoneyGram](https://docs.barcoder.ai/docs/wallets/moneygram), Wave.

## Status

**Active, diaspora-focused remittance app** <sup>[1][1], [2][2]</sup>:
- **TapTap Send, Inc.**; founder Michael Faye.
- App-only, low-fee corridors into Africa/Asia/LatAm.
- $65M Series B (2021, Spark Capital).

## Sources

[1]: https://www.taptapsend.com/ "TapTap Send — official site"
[2]: https://techcrunch.com/2021/06/30/taptap-send-raises-65m-to-build-cross-border-remittances-focused-on-africa-and-asia/ "TapTap Send Series B — TechCrunch"

- [1] [TapTap Send — official site][1]
- [2] [TapTap Send Series B — TechCrunch][2]

## Source

Biography extracted from [taptap-send.md](https://docs.barcoder.ai/source/wallets/taptap-send). See `matrix.md` for standards-support matrix if present.