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Remitly

Remitly
2011 FOUNDED
PRIVATE STATUS
901-1000 EMPLOYEES
Series E LATEST DEAL TYPE
$220M LATEST DEAL AMOUNT
34 INVESTORS
Description

Developer of a mobile payment platform intended to send money electronically to friends and family. The company's mobile payment platform operates as a mobile remittance platform, enabling users to send money faster, easier, more transparent and less costly by eliminating the forms, codes, agents, extra time and fees typical of the traditional, century-old money transfer process.

Website
Formerly Known As
Beamit, Beamit Mobile
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Primary Office
  • 1111 3rd Avenue
  • Suite 2100
  • Seattle, WA 98101
  • United States

+1 (888) 000-0000
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Remitly Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Later Stage VC (Series E) 10-Jul-2019 $220M 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. Later Stage VC (Series C) 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 00.00 000.00 0000 Completed Startup
3. Seed Round 21-Dec-2012 00.00 00.000 0000 Completed Startup
2. Seed Round 10-Apr-2012 $2.78M $2.78M 000.00 Completed Startup
1. Accelerator/Incubator 01-Jan-2011 Completed Startup
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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
Series D 00,000,000 00.000000 00.00 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 6.94%
Series Seed 10,199,786 $0.000100 $0.27 $0.27 1x $0.27 8.06%
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Remitly Competitors (28)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Viva Republica Venture Capital-Backed Seoul, South Korea 00000 0000000000 0 00000
0000 00000 Accelerator/Incubator Backed Johannesburg, South Africa 000000000000
000000000000 Formerly PE-Backed Mumbai, India 000 000000000000
00000000 Accelerator/Incubator Backed Mississauga, Canada 00000 000000000 00000
00000 Venture Capital-Backed Noida, India 00000 00.000 000000000000 00.000
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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 (000 00000000 10-Jul-2018 00000 00000 00 0000 Network Management Software
Wire Labs 14-Jul-2015 Merger/Acquisition Communication Software 0000000 00000000000
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Remitly Subsidiaries (1)

Company Name Industry Location Founded
00000000 Other IT Services Seattle, WA
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Remitly Investors (34)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Generation Investment Management PE/Buyout Minority 000 0000 000000 0
Owl Rock Capital Partners Lender/Debt Provider Minority 000 0000 000000 0
Princeville Capital Venture Capital Minority 000 0000 000000 0
Prudential Financial Corporation Minority 000 0000 000000 0
Schroder & Co Bank Asset Manager Minority 000 0000 000000 0
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Remitly Executive Team (21)

Name Title Board
Seat
Contact
Info
Matthew Oppenheimer Co-Founder, Chief Executive Officer & Board Member
Joshua Hug Co-Founder, Chief Operating Officer, Board Member & Promoter
Shivaas Gulati Co-founding Engineer
Susanna Morgan Chief Financial Officer
Rene Yoakum Chief Customer Officer

9 Former Executives

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Remitly Board Members (10)

Name Representing Role Since Contact
Info
Charles Stonecipher Trilogy Equity Partners Board Member 000 0000
Chris Devore Founders' Co-op Board Member 000 0000
Joshua Hug Remitly Co-Founder, Chief Operating Officer, Board Member & Promoter 000 0000
Laurent le Moal PayU Board Member 000 0000
Lucia Rigo Generation Investment Management Board Member 000 0000

1 Former Board Member

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