THELOGICALINDIAN - Tap Send the architect of a remittances app of the aforementioned name appear it has aloft 65 actor in a Series B allotment annular The fintech close affairs to use the funds to body a cheaper and faster crossborder money alteration belvedere
Remittances to Overlooked Countries
The fintech startup abaft the remittances app, Tap Send, afresh said it has aloft $65 actor in a Series B allotment round. According to the startup, the funds aloft will be acclimated to bolster remittances to the best disregarded countries in Africa and Asia.
As declared in a Techcrunch report, Tap Send’s latest basic accession — which surpassed the Series A absolute accession of $13.4 actor — was led by Spark Capital. Other participants in the annular included Unbound, Reid Hoffman, Canaan Partners, Slow Ventures, Breyer Capital, Wamda Capital, Flourish Ventures, and added bearding investors.
Market Said to Be Crowded
In comments afterward the allotment round, Tap Send co-founder and CEO Paul Niehaus explained why his close chose to focus on remittances alike admitting this now appears to be an brimming market. Niehaus explained:
Following this latest allotment round, Tap Send has now aloft added than $80 actor which translates to a appraisal of $715 actor according to Pitchbook data.
What are your thoughts on Tap Send’s perceived bazaar valuation? Tell us what you anticipate in the comments area below.
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