Remitly Overview

  • Founded
  • 2011

Founded
  • Status
  • Public

  • Employees
  • 1,800

Employees
  • Stock Symbol
  • RELY

Stock Symbol
  • Investments
  • 5

  • Share Price
  • $13.00

  • (As of Friday Closing)

Remitly General Information

Description

Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. Its revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.

Contact Information

Website
www.remitly.com
Formerly Known As
Beamit, Beamit Mobile
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Stock Exchange
NAS
Primary Office
  • 1111 3rd Avenue
  • Suite 2100
  • Seattle, WA 98101
  • United States
+1 (888) 000-0000

Remitly Timeline

2020202120222023
Financing RoundCaptured Employee CountEstimated Employee Growth

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Remitly Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$13.00 $12.62 $6.66 - $13.59 $2.22B 171M 776K -$0.67

Remitly Financials Summary

In Thousands,
USD
TTM 30-Sep-2022 FY 2021 31-Dec-2021 FY 2020 31-Dec-2020 FY 2019 31-Dec-2019
EV 1,449,552 2,947,597
Revenue 597,783 458,605 256,956 126,567
EBITDA (104,269) (31,297) (26,385) (47,936)
Net Income (111,200) (38,756) (32,564) (51,392)
Total Assets 690,337 625,664 362,989 266,059
Total Debt 9,835 6,147 86,967 53,015
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Remitly Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Remitly Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned

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Remitly Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internat
Financial Software
Seattle, WA
1,800 As of 2021
00000
000000000 00000

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000000000 00000000
Amsterdam, Netherlands
0000 As of 0000
00.000
00000000000

000000

strud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis
000000000 00000000
Des Moines, IA
000 As of 0000
000.00
0000 0000-00-00
00000000000 000.00
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Remitly Competitors (58)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Adyen Formerly VC-backed Amsterdam, Netherlands 0000 00.000 00000000000
000000 Venture Capital-Backed Des Moines, IA 000 000.00 00000000000 000.00
000 00000000 Formerly PE-Backed Abu Dhabi, United Arab Emirates 0000 000 000000&0
0000000 Formerly VC-backed Boston, MA 000 00000 00000000 00000
0000 Venture Capital-Backed Seoul, South Korea 0000 00.000 00000000000 00.000
You’re viewing 5 of 58 competitors. Get the full list »

Remitly Patents

Remitly Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-11436612-B2 Systems and methods for dynamic digital identity processing Active 01-May-2020 0000000000 0
US-20210342858-A1 Systems and methods for dynamic digital identity processing Active 01-May-2020 000000000

Remitly Executive Team (29)

Name Title Board Seat Contact Info
Matthew Oppenheimer Chief Executive Officer & Chairman
Joshua Hug Founder & Chief Operating Officer, Operations
Shivaas Gulati Co-Founder
Hemanth Munipalli Chief Financial Officer, Finance
Ankur Sinha Chief Technology Officer, Technology
You’re viewing 5 of 29 executive team members. Get the full list »

Remitly Board Members (12)

Name Representing Role Since
Bora Chung Remitly Board Member 000 0000
Christopher Devore Founders' Co-op Board Member 000 0000
Joaquin Rodriguez Torres Princeville Capital Board Observer 000 0000
Laurent Le Moal PayU Board Member 000 0000
Margaret Smyth Self Board Member 000 0000
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Remitly Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-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

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Remitly Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Remitly Investments & Acquisitions (5)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000000 16-Aug-2022 0000000000 0000 Financial Software 0000000 0
000000 (00000 12-May-2021 0000000000 Communication Software
00000000 16-May-2019 0000000000 Financial Software 0000000 0
0000 10-Jul-2018 00000 0000 0000 Network Management Software
Talio 14-Jul-2015 Merger/Acquisition Communication Software 0000000 0
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Remitly Subsidiaries (1)

Company Name Industry Location Founded
000000 Financial Software Tel Aviv, Israel 0000
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Remitly ESG

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

Rank

Percentile

Commercial Services

Industry

Rank

Percentile

Business Support Services

Subindustry

Rank

Percentile

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