Remitly Overview
- Founded
- 2011
- Status
- Private
- Employees
- 993
- Latest Deal Type
- Corporate
- Investors
- 42
Remitly General Information
Description
Developer of a mobile payment platform intended to send and transfer money internationally. The company operates a mobile remittance platform and its services include direct-to-bank deposits, cash pick-up at global bank locations and home delivery of money, enabling users to streamline the transfer of money.
Contact Information
Website
www.remitly.com
Formerly Known As
Beamit, Beamit Mobile
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Financial Services
Other Industries
Financial Software
Primary Office
- 1111 3rd Avenue
- Suite 2100
- Seattle, WA 98101
- United States
+1 (888) 000-0000
Remitly Timeline
Remitly Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 12. Corporate | 11-May-2021 | 00000 | Completed | Generating Revenue | ||
| 11. Later Stage VC (Series F) | 29-Jul-2020 | 0000 | 00000 | 00.00 | Completed | Generating Revenue |
| 10. Later Stage VC (Series E) | 02-Jul-2019 | 00000 | 00000 | 00000 | Completed | Generating Revenue |
| 9. Later Stage VC (Series D) | 01-Feb-2018 | 00000 | 00000 | 00000 | Completed | Generating Revenue |
| 8. Corporate | 30-Sep-2016 | 000.00 | 0000 | Completed | Generating Revenue | |
| 7. Early Stage VC | 12-Apr-2016 | 000.00 | 0000 | 00000 | Completed | Generating Revenue |
| 6. Debt - General | 01-Sep-2015 | 000.00 | Completed | Generating Revenue | ||
| 5. Early Stage VC (Series B) | 01-Mar-2015 | 000.00 | 000.00 | 000.00 | Completed | Generating Revenue |
| 4. Early Stage VC (Series A) | 03-Jan-2014 | $5.5M | $10.9M | 0000 | Completed | Startup |
| 3. Seed Round | 21-Dec-2012 | $2.6M | $5.38M | 0000 | Completed | Startup |
Remitly Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series D | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 000 | |
| Series C | 00,000,000 | 00.000000 | 00.0 | 00.0 | 00 | 00.0 | 00.000 | |
| Series B | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 | |
| Series A | 00,000,000 | 00.000000 | 00.0 | 00.0 | 00 | 00.0 | 0.000 | |
| Series Seed Prime | 8,780,816 | $0.000100 | $0.3 | $0.3 | 1x | $0.3 | 6.66% | |
| Series Seed | 10,199,786 | $0.000100 | $0.27 | $0.27 | 1x | $0.27 | 7.73% |
Remitly Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of a mobile payment platform intended to send and transfer money internationally. The company operates a mobil
Other Financial Services
Seattle, WA
993
As of 2021
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London, United Kingdom
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Seoul, South Korea
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As of 0000
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Add Comparison
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Request a free trialRemitly Competitors (50)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Azimo | Venture Capital-Backed | London, United Kingdom | 000 | 000.00 | 000000000 | 000.00 |
| 0000 (000000000 00 | Venture Capital-Backed | Seoul, South Korea | 000 | 00000 | 00000000000 | 00000 |
| 000000 | Venture Capital-Backed | Tel-Aviv, Israel | 000 | 0000 | 00000000000 | 0000 |
| 0000000000 | Venture Capital-Backed | London, United Kingdom | 000 | 000.00 | 000000000 | 000.00 |
| 000000000000 | Venture Capital-Backed | Dublin, Ireland | 00 | 000.00 | 0000000000 0 | 000.00 |
Remitly Executive Team (24)
Remitly Board Members (12)
| Name | Representing | Role | Since |
|---|---|---|---|
| Bill Bryant Ph.D | Draper Fisher Jurvetson Management | Board Member | 000 0000 |
| Bora Chung | Remitly | Board Member | 000 0000 |
| Charles Stonecipher | Trilogy Equity Partners | Board Member | 000 0000 |
| Christopher Devore | Founders' Co-op | Board Member | 000 0000 |
| Joaquin Rodriguez Torres | Princeville Capital | Board Observer | 000 0000 |
Remitly Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %ile
-35.5%.
530%
Size Multiple
219x
Median
Size Multiple
219x, 100th %ile
0.00x
0.95x.
413Kx
Key Data Points
Twitter Followers
5.5k
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.
Request a free trialRemitly Investors (42)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| Visa | Corporation | Minority | 000 0000 | 000000 0 | |
| 75 and Sunny | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Chase Franklin | Angel (individual) | Minority | 000 0000 | 000000 0 | |
| DFJ Growth | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Echelon Capital (Seattle) | Venture Capital | Minority | 000 0000 | 000000 0 |
Remitly Investments & Acquisitions (3)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 00000000 | 16-May-2019 | 000000000000000000 | Other IT Services | 0000000 000000 | |
| 0000 (0000000 0000 | 10-Jul-2018 | 00000 00000 00 | 0000 | Network Management Software | |
| Talio | 14-Jul-2015 | Merger/Acquisition | Communication Software | 0000000 00000000000 |
Remitly Subsidiaries (1)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| 00000000 | Other IT Services | Seattle, WA |