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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, Domo, Lookout, Fundbox, Remitly, Jam City, EVERFI, General Fusion, Pilot, Rethink Robotics
Founders' Co-op
Goldman Sachs
WeWork, Alibaba, Spotify, Compass, Pinterest, Bloom Energy, Oscar Health, Automation Anywhere, Zymergen, AUTO1 Group
International Finance Corporation
PayU
Princeville Global
QED Investors
SoFi, Avant, Nubank, Remitly, MediaMath, GreenSky, Prosper Marketplace, Optoro, Roofstock, Flywire
Schroder & Co Bank AG
Silicon Valley Bank
FireEye, Welltok, Proteus Digital Health, Remitly, MediaMath, 6sense, BetterUp, MapR Technologies, Rover, Bolt Threads
SK Ventures
Threshold
Zymergen, Remitly, Talkdesk, BetterUp, CircleCI, Yellowbrick Data, SugarCRM, Vineti, Doximity, Forward Networks
TomorrowVentures
Top Tier Capital Partners
Remitly, Qumulo, CircleCI, Plastiq, Lucidworks, Lever, 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
dlvr - Jan, 10 2021
paymentssource - Dec, 15 2020
law360 - Dec, 8 2020
dlvr - Aug, 26 2020
dlvr - Aug, 26 2020
paymentssource - Aug, 26 2020
thestate - Aug, 26 2020
fintechmagazine - Jul, 31 2020
pulse2 - Jul, 30 2020
TechCrunch - Jul, 29 2020
altassets - Jun, 23 2020
vbank - May, 27 2020
bankinnovation - May, 27 2020
bankinnovation - May, 18 2020
TechCrunch - Feb, 3 2020
Other Companies
EquityZen does not have an affiliation with, formal relationship with, or endorsement from Remitly or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.
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