Remitly Overview

  • Year Founded
  • 2011

Year Founded

  • Status
  • Public

  • Employees
  • 2,800

Employees

  • Stock Symbol
  • RELY

Stock Symbol

  • Investments
  • 5

  • Share Price
  • $19.98
  • (As of Thursday 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. The company's 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
Corporate Office
  • 1111 3rd Avenue
  • Suite 2100
  • Seattle, WA 98101
  • United States
+1 (888)
Primary Industry
Financial Software
Other Industries
Other Financial Services
Stock Exchange
NAS
Vertical(s)
SaaS, FinTech, Mobile
Corporate Office
  • 1111 3rd Avenue
  • Suite 2100
  • Seattle, WA 98101
  • United States
+1 (888)

Remitly Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Remitly Stock Performance

As of 24-Apr-2025, Remitly’s stock price is $19.98. Its current market cap is $4.01B with 201M shares.

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$19.98 $19.61 $11.60 - $27.32 $4.01B 201M 2.35M -$0.19

Remitly Financials Summary

As of 31-Dec-2024, Remitly has a trailing 12-month revenue of $1.26B.

In Thousands,
USD 		TTM 31-Dec-2024 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 4,159,490 4,159,490 3,385,988 1,587,485
Revenue 1,263,963 1,263,963 944,285 653,560
EBITDA (16,987) (16,987) (103,833) (109,099)
Net Income (36,978) (36,978) (117,840) (114,019)
Total Assets 1,012,871 1,012,871 1,036,306 695,953
Total Debt 16,286 16,286 142,990 9,195
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
2,800 As of 2024

San Jose, CA
 

London, United Kingdom
 
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Remitly Competitors (59)

One of Remitly’s 59 competitors is Bill.com, a Formerly VC-backed company based in San Jose, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Bill.com Formerly VC-backed San Jose, CA
Currencies Direct Private Equity-Backed London, United Kingdom
Revolut Venture Capital-Backed London, United Kingdom
XE.com Corporate Backed or Acquired Newmarket, Canada
Money Mover Formerly Angel backed Cambridge, United Kingdom
You’re viewing 5 of 59 competitors. Get the full list »

Remitly Patents

  • 2

    Total Documents Applications and Grants

  • Total Patents Families

  • 2

    Granted

  • Pending

  • Expiring in next 12 mo

Remitly Recent Patent Activity

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

Remitly Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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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)

Remitly’s most recent deal was a Merger/Acquisition with Rewire for . The deal was made on 16-Aug-2022.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Rewire 16-Aug-2022 Merger/Acquisition Financial Software
Jargon (Communication Software) 12-May-2021 Merger/Acquisition Communication Software
Symphoni 16-May-2019 Merger/Acquisition Financial Software
Sift (Network Management Software) 10-Jul-2018 Later Stage VC Network Management Software
Talio (Communication Software) 14-Jul-2015 Merger/Acquisition Communication Software
To view Remitly’s complete investments and acquisitions history, request access »

Remitly ESG

Risk Overview

Risk Rating

Updated February, 23, 2023

20.15 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

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

of 15,109

Rank

Percentile

Commercial Services

Industry

of 421

Rank

Percentile

Business Support Services

Subindustry

of 165

Rank

Percentile

To view Remitly’s complete esg history, request access »

Remitly Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
Rewire Tel Aviv, Israel 2015

Remitly FAQs

  • When was Remitly founded?

    Remitly was founded in 2011.

  • Where is Remitly headquartered?

    Remitly is headquartered in Seattle, WA.

  • What is the size of Remitly?

    Remitly has 2,800 total employees.

  • What industry is Remitly in?

    Remitly’s primary industry is Financial Software.

  • Is Remitly a private or public company?

    Remitly is a Public company.

  • What is Remitly’s stock symbol?

    The ticker symbol for Remitly is RELY.

  • What is the current stock price of Remitly?

    As of 24-Apr-2025 the stock price of Remitly is $19.98.

  • What is the current market cap of Remitly?

    The current market capitalization of Remitly is $4.01B.

  • What is Remitly’s current revenue?

    The trailing twelve month revenue for Remitly is $1.26B.

  • Who are Remitly’s competitors?

    Bill.com, Currencies Direct, Revolut, XE.com, and Money Mover are some of the 59 competitors of Remitly.

  • What is Remitly’s annual earnings per share (EPS)?

    Remitly’s EPS for 12 months was -$0.19.

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