TapTap Send
Money transfer app
A venture-backed, mobile-only international remittance app focused on low-cost transfers from wealthier countries (including the UAE) to underserved markets in Africa, Asia and Latin America.
Last updated June 2026
At a glance
- Founded
- 2018, co-founded by Michael Faye (CEO) and Paul Niehaus, who had previously co-founded the charity GiveDirectly and the payments company Segovia (Segovia Technology).
- Headquarters
- New York City, New York, USA, with additional offices including London, Paris, Brussels, Dubai and Casablanca. UAE operations run through Taptap Send (DIFC) Limited in the Dubai International Financial Centre.
- Legal entity
- UAE operating entity: Taptap Send (DIFC) Limited, incorporated in the Dubai International Financial Centre (DIFC registered number 5705). It is a direct subsidiary of the US parent, Taptap Send, Inc., a Delaware corporation.
- Regulation
- UAE: Taptap Send (DIFC) Limited, authorised and regulated by the Dubai Financial Services Authority (DFSA) as a Category 3D Money Services Provider, firm reference number F007317 (licensed 2 January 2023); client funds are held at a bank in the UAE licensed by the UAE Central Bank
- UK: Taptap Send UK Limited, authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011, Firm Reference Number 900842
- USA: TapTap Send Payments Co., registered with FinCEN as a Money Services Business (registration 31000306745734), NMLS ID 2108069, plus state money-transmitter licenses
- EU: Taptap Send Belgium S.A., payment institution supervised by the National Bank of Belgium (enterprise number 0754.970.695)
- Canada: Taptap Send Payments Canada Inc., registered with FINTRAC (MSB M21060579)
- Australia: Taptap Send Australia Pty Ltd, AFSL 559468
Is TapTap Send safe and trustworthy?
Based on public regulatory records and the company's own disclosures, TapTap Send presents as a regulated, multi-jurisdiction remittance provider. It is authorised in the UAE by the DFSA (firm reference F007317, prudential category 3D, licensed in January 2023) and holds parallel authorisations in the UK (FCA, FRN 900842), the EU (National Bank of Belgium), the US (FinCEN MSB plus state licenses) and Canada (FINTRAC, plus an Australian AFSL). It has operated since 2018 and is backed by established venture investors including Spark Capital, Canaan Partners, Reid Hoffman and Omidyar Network. This is not financial or regulatory advice; users should rely on the live in-app terms and the relevant public registers at the time of sending.
History of TapTap Send
TapTap Send was founded in 2018 by Michael Faye and Paul Niehaus, building on their earlier work at GiveDirectly and the payments firm Segovia, with the stated goal of cutting the cost of remittances to emerging markets. It launched as a digital-only service (no physical agent network) and expanded across additional African and Asian corridors. The company raised a Series A in June 2021 (reported at around $13.4M, co-led by Canaan Partners and Reid Hoffman, with Omidyar Network and Helios also participating) and a $65M Series B in December 2021 led by Spark Capital, bringing total disclosed funding to over $80M at that stage.
Growth and scale
The company states that it is trusted by "millions of customers," has "moved billions of dollars," and is live to "over 70 destinations" across Africa, Asia and Latin America, operating as a sender from the UK, EU, US, Canada, Australia and the UAE. Transaction-volume and cumulative-transfer figures (such as reported annual volume of roughly $2-3B in 2024 and cumulative transfers cited above $10B) come from third-party data aggregators (Tracxn, PitchBook, CB Insights) and could not be independently verified, so they should be treated as unaudited estimates.
Where it stands today
Active as of mid-2026. TapTap Send launched in the UAE as a sending country in 2023 (its DFSA licence was granted on 2 January 2023), with the Sri Lanka corridor announced in October 2023, and it remains licensed there by the DFSA. As of mid-2026, no IPO, acquisition or major new funding round has been publicly confirmed since the December 2021 Series B.
Does TapTap Send give the best rate?
TapTap Send positions itself in its own marketing as a low-cost, transparent challenger, advertising no transfer fee on many corridors and competing mainly on exchange-rate margin, and claims rates several percent better than unnamed incumbents. These are the company's own claims and are not independently verified here. Independent reviews generally describe it as competitively priced on its core African and Asian corridors, but actual cost varies by corridor, amount, payment method and timing, so confirm the cheapest option via live comparison at the time of sending.
Compare TapTap Send's live rateWho TapTap Send is best for
Digital-first senders in the UAE remitting to Africa, South Asia and Latin America — particularly corridors such as Pakistan, India, Sri Lanka, Bangladesh, Nigeria, Ghana, Senegal and other West and East African markets — who want an app-only, low-fee transfer to a bank account or mobile-money wallet and do not need cash pickup or branch service.
Compare TapTap Send by destination
Sources
Important — please read
Last updated June 2026. This page is provided for general information only and is compiled from publicly available sources, accurate to the best of our knowledge at the date shown. Information can change and may contain errors or omissions. Rate Wala is an independent comparison service and is not affiliated with, endorsed by, or acting on behalf of TapTap Send.
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