# TANGGapp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tanggapp

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.tanggapp.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Sep 5, 2023)
- Investors on record: 5

## About

Founded in 2021 and based in New York, US, Tang Group, Inc., trading under the name TANGGapp, operates as a financial service provider that services overseas Filipino workers sending remittances back home to the Philippines via its app. The platform was founded by Rebecca Kersch.  In September 2023, Tang Group, Inc., trading under the name TANGGapp, raised USD 2.5 million in seed funding from investors Goodwater Capital, Foxmont Capital Partners, and Manila Angel Investors Network. 

The company’s platform, known as TANGGapp, is a mobile app for peer-to-peer transactions and payments, simplifying money transfers from the U.S. to the Philippines. Its name is derived from the Filipino word tanggap, which means receive. TANGGapp allows money transfers from the U.S. to the Philippines, and users in the Philippines can link their local banks and e-wallets to the app. 

The company intends to utilize the funding obtained in September 2023 to expand its services, specifically targeting individuals seeking to send money from the Philippines to the United States. Additionally, they aim to enhance their support for additional countries.

## Funding rounds

- Seed, Sep 5, 2023, $2.5M — Goodwater Capital, Manila Angel Investors Network, Foxmont Capital Partners, TEN13, North Fifth Asia

## Investors

- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- Manila Angel Investors Network (https://capitalatlas.ai/funds/manila-angel-investors-network) — Seed
- Foxmont Capital Partners (https://capitalatlas.ai/funds/foxmont-capital-partners) — Seed
- TEN13 (https://capitalatlas.ai/funds/ten13) — Seed
- North Fifth Asia — Seed