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.

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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.

Both cross-border payments company Wise and remittance processor Remitly have suspended their money transfer services in Russia due to the sanctions there and the ongoing military action in Ukraine, Reuters reported Monday (Feb. 28). A Wise spokesperson said the London-based company plans to “keep these measures under constant review.

Wise, Remitly Suspend Money Transfer Services to Russia

SEATTLE--(BUSINESS WIRE)--Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced the appointment of Ankur Sinha as its new Chief Technology Officer. In this role, Sinha will be responsible for leading Remitly's technology strategy and teams with a focus on optimization of current platforms as well as ongoing innovation. Sinha brings more than 20 years of world-class technology and leadership experience to

Remitly Bolsters Executive Leadership Team with New Chief Technology Officer

Coinbase

Crypto giant Coinbase launched a free pilot program Tuesday to let customers in Mexico cash out digital currencies.

Coinbase partners with remittance company Remitly to let people in Mexico cash out crypto

$1.5 trillion of remittances were sent globally in 2020. Which of these companies looks poised to capture most of those dollars?

Better Buy: Remitly vs. Wise

Immigrants working abroad want receivers to get their funds instantly, at the same time, remittance platforms need compliant systems to keep those transfers secure. In the Monetizing Digital Intent Tracker, Remitly CEO Matt Oppenheimer explains how authentication using behavioral analytics reduces fraud at the same time it creates a seamless cross-border P2P experience.

How Remitly Uses Behavioral Analytics to Foster Consumer Satisfaction

Remitly went public in September 2021 through an IPO raising roughly $300 million. The company is disrupting the global remittance industry through its mobile-first solution.

Remitly Is A Lesser-Known Play On Global Payment Apps

Remitly's mobile-first approach is attracting millions of active customers.

Is This Recent Fintech IPO Worth Your Money?

Remitly is addressing a $1.5 trillion market in a unique way.

Why Is No One Talking About This Fintech IPO?

SEATTLE, Nov. 15, 2021 (GLOBE NEWSWIRE) -- 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 Citi's 2021 FinTech Conference.

Remitly to Present at Citi's 2021 FinTech Conference

Remitly Global, Inc. (RELY) CEO Matt Oppenheimer on Q3 2021 Results - Earnings Call Transcript

Seattle-based financial services company Remitly issued its first earnings report since its initial public offering, reporting revenue of $121.

Remitly revenue up 69% to $121M in first earnings report as public company

SEATTLE, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it will report third quarter 2021 financial results after the market close on Wednesday, November 10, 2021. 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 evening. Conference call and webcast information can be found below.

Remitly to Report Third Quarter 2021 Financial Results on Wednesday, November 10th, 2021

Digital financial services platform Remitly Global Inc. on Tuesday (Oct. 19) announced a collaboration with digital wallet B2B marketplace Novi to support Novi's pilot launch, including cash pickup in Guatemala. Novi is “enabling customers to send and receive money using the Pax Dollar (USDP) stablecoin, securely and without fees” through the launch of the pilot […]

Remitly Pairs with Novi on Digital Wallet

SEATTLE--(BUSINESS WIRE)--Remitly, the mobile-first provider of remittances and financial services for immigrants, announced a partnership with digital wallet Novi.

Remitly Announces New Partnership With Novi For The Pilot Of Its Digital Wallet

The shares of Remitly Global Inc (NASDAQ: RELY) have received a $57 price target from JPMorgan. These are the details.

RELY Stock: $57 Price Target From JPMorgan

Remitly, a newly public payments company, is trying to disrupt the cross-border payments market.

A Deep Dive Into IPO Remitly

Remitly Global helps migrants to send money home more effectively, securely and cheaply. This market is ripe for disruption, and Remitly is certainly one of these disruptors.

Remitly Global: Transferring Wealth

Here's what investors may want to know about Remitly, following the rather successful debut of RELY stock on the Nasdaq today. The post RELY Stock: 9 Things to Know as Remitly Starts Trading Today appeared first on InvestorPlace.

RELY Stock: 9 Things to Know as Remitly Starts Trading Today

Shares of Remitly Inc opened more than 23% above their initial public offering (IPO) price in their Nasdaq debut on Thursday, giving the remittance processor a market capitalization of roughly $8.5 billion.

Remittance processor Remitly valued at over $8 billion after strong market debut

In a vote of confidence for more modern remittance technology, shares of Remitly Global Inc. popped more than 20% in their initial-public-offering debut Thursday.

IPO Report: Remitly stock pops more than 20% in trading debut as investors embrace upgrade for remittance technology

Global remittance startup Remitly is set to begin trading on the Nasdaq on Thursday (Sept. 23) under the ticker RELY with a per-share price of $43, above its expected range of $38 to $42, according to media reports.

Remitly Starts Trading on Nasdaq With $43 Share Price at $7B Valuation

It's been a heck of a startup journey for Remitly.

‘Fall in love with a problem': Remitly CEO reflects on startup journey as remittance company goes public

Remitly Global Inc. RELY, , the financial-technology company that's looking to simplify the process of sending remittances so that people can more easily, safely and cheaply send money back to their loved ones, said its initial public offering priced at $43 a share, above its proposed price range of $38 to $42. The company sold 7 million shares to raise $301 million at a valuation of $6.9 billion.

Remitly IPO prices above range at $43 a share for a valuation of $6.9 billion

Mobile-first provider of remittances and financial services for immigrants Remitly Global Inc (NASDAQ: RELY) priced 12.16 million shares at $43 per share in its initial public offering. The company had estimated that the IPO price per share to be $38 - $42 per share.

Remitly Global Raises $301M Via IPO At $43/Share, Trading Begins Today

Remitly will be valued at nearly $7 billion when it goes public on Thursday.

News for Remitly Global Stock (RELY)