Remitly Overview
Latest Deal Type
Series E
Remitly General Information
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.
Remitly Timeline
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Remitly Valuation & Funding
| Deal Type |
Date |
Amount |
Raised to Date |
Post-Val |
Status |
Stage |
| 10. Later Stage VC (Series E) |
02-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
To view Remitly‘s complete cap table, request access >>
| 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% |
Remitly Competitors (47)
| 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 |
| 0000000 |
Venture Capital-Backed |
London, United Kingdom |
0000 |
00000 |
00000000000 |
00000 |
| 000000 |
Formerly PE-Backed |
London, United Kingdom |
000 |
|
000000&0 |
|
| 0000000000 |
Venture Capital-Backed |
London, United Kingdom |
000 |
00000 |
00000000000 |
00000 |
| 00000000 |
Formerly Accelerator/Incubator backed |
Vancouver, Canada |
|
000.00 |
000000&0 |
000.00 |
Remitly Executive Team (22)
| 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 |
|
|
11 Former Executives
Remitly
Investments
&
Acquisitions (3)
To view Remitly‘s complete investment and acquisition history, request access >>
| 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 |
|
| Talio |
14-Jul-2015 |
Merger/Acquisition |
|
Communication Software |
0000000 00000000000 |
Remitly Subsidiaries (1)
| Company Name |
Industry |
Location |
Founded |
| 00000000 |
Other IT Services |
Seattle, WA |
|