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Remitly

Valuation $6.9B

About Remitly

Remitly is a mobile payments service that enables users to make person-to-person international money transfers.
Headquarters Remitly, Seattle
Founded 2011-01-01
Industry Financial Services, FinTech, Payments
Last Funding Type Post Ipo Equity
Valuation 6.9
Total Funding $526.74 million dollars
IPO Status Public

Financial

Remitly is moving into a new headquarters office in downtown Seattle. The company reported first-quarter results with revenue up 32% year over year to $269.1 million but missed analysts' expectations. Shares fell 22.9% in the pre-market session following the report. Additionally, Remitly hired a new chief compliance officer from Google.
Funding Rounds 15
Number of Lead Investors 8
Total Funding Amount  $526.74 million dollars
Number of Investors 31

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