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Remitly Stock
Mobile Payments Service
About Remitly Stock
Remitly is a mobile payment service that enables consumers to conveniently make person-to-person international money transfers from the United States. Its online service is disrupting the $588 billion a year industry by using the latest technology and mobile devices to eliminate unnecessary forms, codes, agents, extra time and fees tied to the traditional money transfer process. As a licensed money transmitter, Remitly currently operates in 49 states and Washington, D.C., and spends millions of dollars to thousands of customers each month. Remitly is backed by Stripes Group, DFJ, Vulcan Capital, QED, Trilogy Equity Partners, DN Capital, Founders Co-Op, Bezos Expeditions, and TomorrowVentures.
Investors
Barclays PLC
Bezos Expeditions
Plenty, Convoy, Domo, Lookout, Fundbox, Remitly, Jam City, Mark43, EVERFI, General Fusion
Generation Investment Management
DocuSign, Convoy, Nature's Fynd, Proterra, Pivot Bio, Remitly, Optoro, Guideline, Andela, Asana
Goldman Sachs
WeWork, Alibaba, Spotify, Compass, Pinterest, Bloom Energy, Oscar Health, Circle, Automation Anywhere, Zymergen
International Finance Corporation
BigBasket, Bolt, Apeel Sciences, WeLab, Remitly, Andela, Springboard
Owl Rock Capital Partners
Bolt, MessageBird, Illumio, Arctic Wolf, Exabeam, Remitly, Algolia, CircleCI, Nylas
PayU
Princeville Global
QED Investors
SoFi, Avant, Nubank, Roofstock, Remitly, MediaMath, Optoro, Signifyd, GreenSky, Prosper Marketplace
Schroder & Co Bank AG
Silicon Valley Bank
One97, Olive, FireEye, Weee!, Workrise, Fair, Plume Design, project44, BetterUp, Welltok
SK Ventures
Techstars
Chainalysis, Outreach, Remitly, Degreed, Sendbird, Alloy, Newsela, Pilot.com, DigitalOcean, tray.io
Threshold
Zymergen, BetterUp, UPSIDE Foods, Talkdesk, Remitly, Divvy Homes, Prosper Marketplace, CircleCI, Viz, d.light design
TomorrowVentures
Remitly, Prosper Marketplace, EVERFI, Shape Security, ThirdLove
Top Tier Capital Partners
Talkdesk, Remitly, Qumulo, CircleCI, Plastiq, Yieldstreet, Lucidworks, Lever, LogDNA, Area 1 Security
Trilogy Equity Partners
Funding History
| March 2012 | $2.8M |
|---|---|
| December 2012 | $2.6M |
| December 2013 | $5.7M |
| March 2015 | $12.5M |
| April 2016 | $42.8M |
| November 2017 | $115M |
| May 2019 | $135M |
| July 2020 | $90.0M |
Management
Chief Executive Officer
Matthew Oppenheimer
Chief Financial Officer
Susanna Morgan
Press
TechCrunch - Feb, 3 2020
TechCrunch - Jul, 29 2020
finance - Feb, 3 2021
dlvr - Jan, 10 2021
paymentssource - Dec, 15 2020
law360 - Dec, 8 2020
paymentssource - Aug, 26 2020
dlvr - Aug, 26 2020
thestate - Aug, 26 2020
dlvr - Aug, 26 2020
fintechmagazine - Jul, 31 2020
pulse2 - Jul, 30 2020
altassets - Jun, 23 2020
bankinnovation - May, 27 2020
vbank - May, 27 2020
bankinnovation - May, 18 2020
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