Michael Faye is the co-founder of Taptap Send Company, where he pioneered and led the development of the world’s first unconditional cash transfer program. Taptap Send is an app that people let quickly send money back home to Africa, Asia, and the Caribbean at meager prices. Since launching in the summer of 2018, they’ve moved billions of dollars and reached hundreds of thousands of customers. The company belongs from UK, EU, US, and Canada, and they support payments to Senegal, Mali, Guinea, Ghana, Cameroon, the Ivory Coast, Kenya, Madagascar, Zambia, Bangladesh, Vietnam, Morocco, Sri Lanka, Pakistan, Nepal, Ethiopia, Nigeria, Mozambique, Cambodia, Haiti, Tunisia, Uganda, and Lebanon with more countries starting soon.
History:
Over $500 billion is sent back to developing countries via remittances. On the other hand, traditional services maintain a stranglehold on the market despite their high prices, long waiting times (often days), and insufficient coverage in rural regions. They facilitate their customers’ fast, secure, and low-cost transfer of such funds. By doing this, the company contribute to the United Nations’ Sustainable Development Goal of reducing the cost of international money transfers by 2030.
Reid Hoffman, the Omidyar Network, and Helios are among the investors of Taptap Send, a startup supported by venture capital. Their team members have worked at prestigious institutions such as Twitter, Yahoo, Uber, Amazon, McKinsey, Bain & Co, Deloitte, KPMG, Cravath, and Vodafone, and ty take great satisfaction in this fact.
Award and Achievement:
To maintain our impressive expansion rate, they always look for new team members who share their commitment to their purpose and their enthusiasm for working in a dynamic, fast-paced, and collaborative startup setting. According to the latest edition of Escape the City’s annual “Escape 100” list, they are one of the country’s most incredible places to work. The company provide competitive salaries, stock options, and other perks.
Conclusion:
Taptap Send is a for-profit social enterprise that is using technology to help reduce the cost of remittances and make them more accessible to people in developing countries.