Remitly Overview
- Founded
-
2011
- Status
-
Public
- Employees
-
1,800
- Stock Symbol
-
RELY
- Investments
-
5
- Share Price
-
$13.00
- (As of Friday 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. Its 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
Primary Industry
Financial Software
Other Industries
Other Financial Services
Stock Exchange
NAS
Primary Office
- 1111 3rd Avenue
- Suite 2100
- Seattle, WA 98101
- United States
+1 (888) 000-0000
Remitly Timeline
Remitly Stock Performance
(As of Friday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $13.00 | $12.62 | $6.66 - $13.59 | $2.22B | 171M | 776K | -$0.67 |
Remitly Financials Summary
|
In Thousands, USD |
TTM 30-Sep-2022 | FY 2021 31-Dec-2021 | FY 2020 31-Dec-2020 | FY 2019 31-Dec-2019 |
|---|---|---|---|---|
| EV | 1,449,552 | 2,947,597 | ||
| Revenue | 597,783 | 458,605 | 256,956 | 126,567 |
| EBITDA | (104,269) | (31,297) | (26,385) | (47,936) |
| Net Income | (111,200) | (38,756) | (32,564) | (51,392) |
| Total Assets | 690,337 | 625,664 | 362,989 | 266,059 |
| Total Debt | 9,835 | 6,147 | 86,967 | 53,015 |
Public Fundamental Data provided by Morningstar, Inc.
disclaimer
Remitly Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Remitly Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|
Remitly Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Financing
Details
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internat
Financial Software
Seattle, WA
1,800
As of 2021
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Amsterdam, Netherlands
0000
As of 0000
00.000
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000000000 00000000
Des Moines, IA
000
As of 0000
000.00
0000
0000-00-00
00000000000
000.00
Add Comparison
Remitly Competitors (58)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Adyen | Formerly VC-backed | Amsterdam, Netherlands | 0000 | 00.000 | 00000000000 | |
| 000000 | Venture Capital-Backed | Des Moines, IA | 000 | 000.00 | 00000000000 | 000.00 |
| 000 00000000 | Formerly PE-Backed | Abu Dhabi, United Arab Emirates | 0000 | 000 | 000000&0 | |
| 0000000 | Formerly VC-backed | Boston, MA | 000 | 00000 | 00000000 | 00000 |
| 0000 | Venture Capital-Backed | Seoul, South Korea | 0000 | 00.000 | 00000000000 | 00.000 |
Remitly Patents
Remitly Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-11436612-B2 | Systems and methods for dynamic digital identity processing | Active | 01-May-2020 | 0000000000 | 0 |
| US-20210342858-A1 | Systems and methods for dynamic digital identity processing | Active | 01-May-2020 | 000000000 |
Remitly Executive Team (29)
Remitly Board Members (12)
| Name | Representing | Role | Since |
|---|---|---|---|
| Bora Chung | Remitly | Board Member | 000 0000 |
| Christopher Devore | Founders' Co-op | Board Member | 000 0000 |
| Joaquin Rodriguez Torres | Princeville Capital | Board Observer | 000 0000 |
| Laurent Le Moal | PayU | Board Member | 000 0000 |
| Margaret Smyth | Self | Board Member | 000 0000 |
Remitly Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %
-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
Remitly Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Remitly Investments & Acquisitions (5)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 000000 | 16-Aug-2022 | 0000000000 | 0000 | Financial Software | 0000000 0 |
| 000000 (00000 | 12-May-2021 | 0000000000 | Communication Software | ||
| 00000000 | 16-May-2019 | 0000000000 | Financial Software | 0000000 0 | |
| 0000 | 10-Jul-2018 | 00000 0000 | 0000 | Network Management Software | |
| Talio | 14-Jul-2015 | Merger/Acquisition | Communication Software | 0000000 0 |
Remitly Subsidiaries (1)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| 000000 | Financial Software | Tel Aviv, Israel | 0000 |
Remitly ESG
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
Rank
Percentile
Commercial Services
Industry
Rank
Percentile
Business Support Services
Subindustry
Rank
Percentile
