Remitly Overview

  • Founded
  • 2011
Founded
  • Status
  • Private
  • Employees
  • 993
Employees
  • 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

2018201920202021
Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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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
To view Remitly’s complete valuation and funding history, request access »

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%
To view Remitly’s complete cap table history, request access »

Remitly Comparisons

Description
Primary
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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000000000 00000000
London, United Kingdom
000 As of 0000
000.00
000000000 000.00

0000 (00

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000000000 00000000
Seoul, South Korea
000 As of 0000
00000
0.00 0000-00-00
00000000000 00000
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Remitly 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
You’re viewing 5 of 50 competitors. Get the full list »

Remitly Executive Team (24)

Name Title Board Seat Contact Info
Matthew Oppenheimer Co-Founder, Chief Executive Officer & Board Member
Joshua Hug Co-Founder, Chief Operating Officer & Board Member
Shivaas Gulati Co-Founding Engineer
Susanna Morgan Chief Financial Officer
Rene Yoakum Chief Customer Officer
You’re viewing 5 of 24 executive team members. Get the full list »

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
You’re viewing 5 of 12 board members. Get the full list »

Remitly Signals

Growth Rate

0.80% Weekly
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

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Remitly 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
You’re viewing 5 of 42 investors. Get the full list »

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
To view Remitly’s complete investments and acquisitions history, request access »

Remitly Subsidiaries (1)

Company Name Industry Location Founded
00000000 Other IT Services Seattle, WA
To view Remitly’s complete subsidiaries history, request access »