Do you (/anyone reading this) know if TapTapSend is for-profit (/whether they’re just using their current profits to scale but have hopes of slashing fees once they do so)?
I know very little about the business model of remittance companies, but from two seconds’ worth of thought, this seems like an area where a nonprofit could try to undercut the market and provide a massive public good.
The GiveDirectly founders (Michael Faye and Paul Niehaus) also founded TapTapSend (https://techcrunch.com/2021/12/20/taptap-send-raises-65m-to-build-cross-border-remittances-focused-on-the-most-underserved-markets/) which competes with Sendwave to keep remittance prices down.
Do you (/anyone reading this) know if TapTapSend is for-profit (/whether they’re just using their current profits to scale but have hopes of slashing fees once they do so)?
I know very little about the business model of remittance companies, but from two seconds’ worth of thought, this seems like an area where a nonprofit could try to undercut the market and provide a massive public good.