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 |
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% |
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 |
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 |
Remitly Subsidiaries (1)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| 00000000 | Other IT Services | Seattle, WA |
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 |
Remitly Executive Team (21)
9 Former Executives
You’re viewing 5 of 21 executives. Get the full list »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
You’re viewing 5 of 10 board members. Get the full list »