or regions like Western Europe: There is a lot of money there, and specifically consumers and businesses with the kind of income that allows them to invest in new technologies and simply to do more. There is a reason that a lot of companies launch and build services in countries like the U.S. The Series A was co-led by Canaan Partners and Reid Hoffman, with other unnamed investors also participating. The 15 receiver countries include some of the poorest countries in the world that are the hardest to service, plus emerging markets with some of the poorest populations - DR Congo, Mali and Madagascar among them - while the eight originator countries include some of the most common places to which people from these countries emigrate - United Kingdom, Belgium, Canada, France and Italy among them. Taptap Send, which provides a “free” mobile money transfer service from eight countries to 15 others, has raised $13.4 million, money that it will be using to continue expanding its scope and the services that it provides to its customers. Today, a startup that has built a remittance platform that it believes is the most economically sympathetic and useful to the people who use those services the most is announcing some funding to continue growing. While Wise caters to a broader financial spectrum, TapTapSend excels in its niche of quick and simple and much better rates for international money transfers.Remittances - specifically when people in developed countries send money to family or friends in emerging markets - continue to be a huge lever to help those in more challenging economies survive and improve their lot. In conclusion, the choice between Wise and TapTapSend boils down to individual cases and requirements.
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