Remitly Global, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Sebastian J. Gunningham
- Full Time Employees
- 3,200
- Sector
- Technology
- Industry
- Software - Infrastructure
- Address
- 401 Union Street Seattle WA United States of America 98101
- IPO Date
- Sep 23, 2021
- CIK
- 0001782170
- Website
- remitly.com
- Similar Companies
- Business
- Remitly Global, Inc. (RELY) provides digital cross-border financial services primarily to immigrants and their families, enabling fast, reliable, and transparent money transfers through its mobile app and website; core offerings include digital remittances with payout options such as bank deposits, cash pickup at over 470,000 locations, mobile wallets, home delivery, and debit card deposits across more than 5,100 corridors in 170+ countries; Remitly Business for international business payments including payroll, vendor payouts, freelancer compensation, and B2B transfers in 100+ currencies; and the Remitly One membership platform featuring enhanced services like the Flex product for high-value customers. The company operates a cloud-based technology platform that integrates stablecoins such as USDC for improved capital efficiency, leverages AI for risk management, compliance, and customer support, and maintains a global network of funding and disbursement partners without deploying local operations in each country. Founded in 2011 and headquartered in Seattle, Washington, Remitly serves customers sending from key markets including the United States, Canada, the United Kingdom, Australia, and Europe, with offices in locations such as Manila, London, Singapore, and a new Tech and R&D hub in Bangalore, India established in June 2025. Recent developments include significant expansion of its payout network to access over 5 billion bank accounts and mobile wallets in 2024, projection of 25% revenue growth for full-year 2025 with Adjusted EBITDA between $234 million and $236 million, and a strategic shift toward product diversification with Remitly Business and Remitly One to capture a larger share of customer wallets amid strong quarterly active customer growth exceeding 8.5 million. The company, which went public on Nasdaq in September 2021, continues to prioritize digital penetration in high-volume corridors like the US to Mexico, India, and Philippines, while enhancing hybrid fiat-blockchain infrastructure and data-driven pricing.
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