Wamda Capital
Wamda Capital is a leading venture capital firm based in Dubai, focused on investing in high-growth technology and technology-enabled startups across the MENA region. Established in 2010, the firm operates with a dual approach, targeting both seed and growth-stage investments primarily in sectors such as financial services, consumer goods, software, internet of things, and artificial intelligence. In addition to its investment activities, Wamda Capital plays a vital role in fostering entrepreneurship ecosystems by offering a range of integrated programs, including media, community development, research initiatives, and advisory services for corporate and government stakeholders. With its extensive involvement, Wamda Capital supports exceptional entrepreneurs in navigating multiple financing rounds and achieving successful exits.
Taptap Send
Series B in 2021
Taptap Send is a mobile application that facilitates instant money transfers for immigrants sending funds back to Africa at low costs. Launched in the summer of 2018, the platform has successfully processed hundreds of millions of dollars and serves hundreds of thousands of customers. It operates in seven European countries and enables payments to various countries, including Ivory Coast, Senegal, Mali, Ghana, Guinea, Cameroon, Bangladesh, Kenya, Madagascar, Zambia, Vietnam, and the Democratic Republic of the Congo, with plans for further expansion. Taptap Send simplifies the remittance process by allowing users to transfer money directly to mobile money wallets using just a debit card, eliminating the need for physical deposits and saving time for its clients.
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