Remitly Global

Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company was foundedug on October 3, 2018 and is headquartered in Seattle, WA.

Earnings data Q3 2021

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Remitly excels in Q4, eyes global expansion and customer trust

Remitly's Q4 2022 performance reflects strong revenue growth, customer acquisition success, and strategic expansion into new markets, positioning the company for continued success.
With a focus on premium customer experience, sustainable growth, and efficiency, Remitly aims to drive top-line growth while moderating expense growth in 2023.
Challenges in managing economic uncertainties, marketing efficiencies, and competitive pricing require careful navigation, but the company's strengths and opportunities offer a solid foundation for future growth.

Remitly excels in Q1 with revenue surge and eyes UAE expansion

Remitly's Q1 performance showcased robust growth in revenue and active customers, driven by marketing efficiencies and technology investments. While facing industry competition and margin challenges, the company sees opportunities in geographic expansion and service diversification for future growth.

Remitly reports stellar Q2 results, eyes sustainable growth opportunities

Remitly's Q2 2023 showcased robust financial performance, with strong revenue growth and active customer expansion.
The company's focus on efficiency improvements and strategic investments bodes well for future growth.
Challenges include competitive pressures, managing investments, and maintaining transaction margins.
Opportunities lie in new market expansions, product introductions, and enhancing customer relationships.

Remitly reports robust Q3 growth and eyes strategic expansion

Remitly's Q3 2023 performance showcased strong revenue growth, increased profitability, and a focus on delivering a frictionless remittance experience to its active customer base.
The company's intentional marketing investments and strategic focus on growth opportunities position it well for 2024, despite short-term challenges in customer acquisition costs.
With a resilient business model, Remitly aims to balance growth and profitability, leveraging partnerships and corridor expansion to drive scale and cost improvements.
Confidence in customer acquisition efficiency, operational excellence, and digital-first approach underpin Remitly's strategy for sustained growth and market competitiveness.

Remitly posts robust Q4 earnings, eyes growth in digital trends

Remitly's Q4 2023 performance reflects strong revenue growth, exceeding EBITDA goals, and a focus on customer satisfaction.
The company's strengths lie in operational efficiency, customer trust-building, and strategic expansion into new markets and products.
Challenges include managing marketing spend for profitability and balancing growth with cost reduction efforts.
Opportunities exist in leveraging digital trends, expanding product offerings, and focusing on sustained growth in existing and new markets.

Remitly reports robust Q1 earnings, eyes growth through customer focus

Remitly delivered strong Q1 results with revenue growth, active customer expansion, and improved EBITDA, reaffirming positive outlooks for 2024.
The company's customer-centric approach, marketing effectiveness, and focus on operational efficiencies position it well for sustained growth.
Challenges include managing seasonality, competitive pressures, and margin improvement, while opportunities lie in revenue growth, corridor expansion, and product enhancements.
Overall, Remitly's performance reflects resilience and strategic focus on customer trust, operational excellence, and sustainable growth in the cross-border payments market.

Remitly posts strong Q2 results, eyes growth through new products

Remitly's Q2 2024 performance reflects robust revenue growth, customer base expansion, and operational improvements, positioning the company for continued success.
Strategic strengths in product diversification, marketing efficiency, and commitment to growth underscore Remitly's competitive edge in the fintech sector.
While facing challenges in leadership transition and market competition, Remitly's focus on opportunities like new product segments and operational enhancements bodes well for future growth.

Remitly reports robust Q3 results, eyes sustained growth and profitability

Remitly's Q3 performance reflects strong growth in key metrics and improved profitability, driven by operational efficiencies and revenue diversification.
The company's strategic focus on customer-centric growth, disciplined cost management, and capital allocation sets a solid foundation for future success.
While facing challenges in managing marketing spend and sustaining growth momentum, Remitly's outlook remains positive with opportunities for continued expansion and profitability.

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Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company was founded by Matthew B. Oppenheimer and Joshua Hug on October 3, 2018 and is headquartered in Seattle, WA.

Continued Expansion of Remitly's Payment Portfolio Demonstrates Steadfast Commitment to Customers' Local Needs Continued Expansion of Remitly's Payment Portfolio Demonstrates Steadfast Commitment to Customers' Local Needs

Remitly Makes Visa Direct Real-Time Payments Platform Available to Customers in Canada

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Remitly Global has seen solid growth since the public offering last year. The company has seen increasing losses, even if we exclude increasing stock-based compensation expenses.

Remitly Global: Time To Get Upbeat

Remitly, a global finTech that provides digital remittance solutions, announced Tuesday (Aug. 16) that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers. Under the terms of the agreement, Remitly will acquire Rewire for approximately $80 million, consisting of a mix of cash and stock.

FinTech Remitly to Acquire Rewire for $80M

SEATTLE & TEL AVIV, Israel--(BUSINESS WIRE)--Remitly Global, Inc., (NASDAQ: RELY) (“Remitly”), a leading global digital financial services provider for immigrants and their families, today announced that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers. Under the terms of the agreement, Remitly will acquire Rewire for approximately $80 million consisting of a mix of cash and stock. Founded in 2015 with offices in Amsterdam

Remitly to Acquire Rewire to Expand into Complementary Geographies with Account-Based Remittance Product

This company is growing quickly and attacking a gigantic market, and the stock trades at a reasonable price.

My Top Tech IPO to Buy in August

Remitly Global, Inc. (NASDAQ:RELY ) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Stephen Shulstein - Vice President of Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Hemanth Munipalli - Chief Financial Officer Conference Call Participants Allison Gelman - Barclays Andrew Schmidt - Citi David Scharf - JMP Securities Noah Katz - William Blair Alex Markgraff - KeyBanc Capital Markets Operator Hello, and thank you for standing by, and welcome to Remitly's Second Quarter 2022 Earnings Call. [Operator instructions] Please be advised that today's conference may be recorded.

Remitly Global, Inc. (RELY) CEO Matt Oppenheimer on Q2 2022 Results - Earnings Call Transcript

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families in over 170 countries around the world, reported results for the second quarter ended June 30, 2022. “Our track record of delivering for our customers led to strong financial results in the second quarter,” said Matt Oppenheimer, Remitly's Chief Executive Officer. “We are raising our revenue and Adjusted EBITDA outlook for 2022 as we expect continued pro

Remitly Reports Second Quarter 2022 Results

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it will report second quarter 2022 financial results after the market close on Wednesday, August 3, 2022. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that sam

Remitly to Report Second Quarter 2022 Financial Results on Wednesday, August 3, 2022

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, today announced the appointment of Rina Hahn as Chief Marketing Officer (CMO). “Rina has been an integral part of our growth since she joined our Marketing Team in 2018,” said Matt Oppenheimer, Co-founder and CEO, Remitly. “Rina's dedication to our mission to help solve these problems for our customers has been ins

Remitly Appoints Rina Hahn as Chief Marketing Officer

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, today announced the appointment of Hemanth Munipalli as CFO effective July 18. “Hemanth brings more than 20 years of top-tier finance leadership to Remitly, with a proven track record in multinational consumer-facing organizations operating in dynamic market environments,” said Matt Oppenheimer, Co-founder and CEO,

Remitly Appoints Hemanth Munipalli as Chief Financial Officer

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will present at the William Blair Growth Stock Conference. Date: Tuesday, June 7, 2022 Time: 11:20am Pacific Time / 2:20pm Eastern Time The presentation will be webcast live from Remitly's investor relations website at https://ir.remitly.com/. A replay of the event will be available on the investor re

Remitly to Present at the William Blair Growth Stock Conference

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will present at the J.P. Morgan Global Technology, Media and Communications Conference. Date:       Tuesday, May 24, 2022 Time:       1:50pm Pacific Time / 4:50pm Eastern Time The presentation will be webcast live from Remitly's investor relations website at https://ir.remitly.com/. A replay of the ev

Remitly to Present at the J.P. Morgan Global Technology, Media and Communications Conference

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will present at the Barclays 2022 Emerging Payments & Fintech Forum. Date:       Tuesday, May 17, 2022 Time:       12:20pm Pacific Time / 3:20pm Eastern Time The presentation will be webcast live from Remitly's investor relations website at https://ir.remitly.com/. A replay of the event will be av

Remitly to Present at the Barclays 2022 Emerging Payments & Fintech Forum

Remitly Global, Inc. (NASDAQ:RELY ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Stephen Shulstein – Vice President of Investor Relations Matt Oppenheimer – Co-Founder and Chief Executive Officer Susanna Morgan – Chief Financial Officer Conference Call Participants Andrew Schmidt – Citi Ben Weaver – Barclays Tien-Tsin Huang – JP Morgan Alex Markgraff – KeyBanc Capital Operator Thank you for standing by, and welcome to Remitly First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Remitly Global's (RELY) CEO Matt Oppenheimer on Q1 2022 Results - Earnings Call Transcript

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, reported results for the first quarter ended March 31, 2022. “We had a strong start to the year and delivered peace of mind to millions of customers sending money home,” said Matt Oppenheimer, Remitly's Chief Executive Officer. “Looking ahead, we have raised our revenue outlook for 2022 as we are seeing the benefit

Remitly Reports First Quarter 2022 Results

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced the expansion of its relationship with Visa by making available Visa Direct, Visa's real-time push payments platform, to its customers in Canada.[1] Remitly customers in Canada will be able to send funds to eligible recipients in countries around the world with a broader array of payout options that will now include Visa card

Remitly Expands Offering with Visa Direct into Canada

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it will report first quarter 2022 financial results after the market close on Thursday, May 5, 2022. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same eve

Remitly to Report First Quarter 2022 Financial Results on Thursday, May 5, 2022

Remitly Global was established with the primary purpose of creating seamless transborder transactions, especially between immigrants and their families.

Remitly: Recovery Is On The Horizon

How long should investors expect it to take for this newly public company to turn a profit?

Remitly CEO: "Various Levers" to Pull on the Path to Profitability

Shares have tumbled since its IPO, but that has nothing to do with the business.

Remitly: Buy the Dip?

This company continues to put up strong results while its stock falls, providing a great buying opportunity for long-term investors.

My Top Tech IPO to Buy in March

Remitly Global, Inc. (RELY) CEO Matt Oppenheimer on Q4 2021 Earnings Call Transcript

Shares of Remitly were up 9% in after-hours trading Wednesday following the release of the company's fourth quarter earnings report.

Remitly reports $458M in 2021 revenue, up 78%, as remittance company suspends service in Russia

Active customers up 50% year over year Send volume up 64% year over year Revenue up 69% year over year

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