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
- 1111 3rd Avenue
- Suite 2100
- Seattle, WA 98101
- United States
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 |
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
Industry
Financing
Details
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
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.
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