Remitly Stock
Mobile Payments Service
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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, Ramp, Automation Anywhere
International Finance Corporation
BigBasket, Bolt, Apeel Sciences, WeLab, Remitly, Andela, Springboard
Owl Rock Capital Partners
Bolt, MessageBird, Exabeam, Illumio, Arctic Wolf, Remitly, Algolia, CircleCI, Nylas, Split Software
PayU
Princeville Global
Prudential Financial
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, project44, Plume Design, BetterUp, Welltok
SK Ventures
Techstars
DataRobot, Chainalysis, Outreach, Remitly, Degreed, Sendbird, Alloy, Newsela, Pilot.com, DigitalOcean
Threshold
Zymergen, BetterUp, Talkdesk, Remitly, Divvy Homes, Prosper Marketplace, CircleCI, Viz, d.light design, Mythic
TomorrowVentures
Remitly, Prosper Marketplace, EVERFI, Shape Security, ThirdLove
Top Tier Capital Partners
Talkdesk, Remitly, Qumulo, CircleCI, Plastiq, Yieldstreet, Lucidworks, Lever, Mezmo, 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
finance - Feb, 3 2021
Digital Money Transfer Market Outlook 2021: Big Things are Happeningdlvr - Jan, 10 2021
Digital Payments Fintech Remitly Explains how to Send Money Abroad Even When You Don’t Have Cash, by Using Credit Cardspaymentssource - Dec, 15 2020
Immigrant social app Homeis partners with Remitly, TransferWise as it reaches 1 million userslaw360 - Dec, 8 2020
Fintech Startup Remitly Taps New GC From Fifth Third Bankdlvr - Aug, 26 2020
Remitly doubles mobile wallet offerings and global consumer reachdlvr - Aug, 26 2020
Online Money Transfer Service Remitly Announces Expansion of Mobile Wallet Networkpaymentssource - Aug, 26 2020
Remitly expands remittance network meet demand during COVID-19thestate - Aug, 26 2020
Seattle startup Remitly nearly doubles its global reach for immigrantsfintechmagazine - Jul, 31 2020
Startup spotlight: Remitly and the rise of Seattle FinTechpulse2 - Jul, 30 2020
Remitly: $85 Million Funding And $1.5 Billion ValuationTechCrunch - Jul, 29 2020
Remitly raises $85M at a $1.5B valuation, says money transfer business has surgedaltassets - Jun, 23 2020
Has Checkout.com just become Europe’s most valuable FinTech startup, after tripling valuation to $5.5bn?vbank - May, 27 2020
Remitly Launches ‘Cash Deposit’ for Passbook Customersbankinnovation - May, 27 2020
Green Dot expands banking services through Walmart, Remitlybankinnovation - May, 18 2020
Remitly taps Cross River to speed global payments as volume spikesTechCrunch - Feb, 3 2020
Remitly launches Passbook, a neobank aimed at immigrants, to expand beyond money transfersEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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