Remitly Stock

remitly.comFinTechFounded: 2011Funding to Date: $396MM

Remitly is a fintech company and provider of payments solutions that leverages digital channels, including mobile phones, to send money internationally.

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Enterprise Value (based on primary financings)

Enterprise Value

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Team

Management Team

Joshua Hug
Co-Founder, Chief Operating Officer, Board Member & Promoter
Rene Yoakum
Chief Customer Officer
Karim Meghji
Chief Product Officer
Matthew Oppenheimer
Co-Founder, Chief Executive Officer & Board Member
Susanna Morgan
Chief Financial Officer
Shivaas Gulati
Co-founding Engineer
Rob Singer
Chief Marketing Officer

Board Members

Joshua Hug
Laurent le Moal
PayU
William Bryant Ph.D
Draper Fisher Jurvetson Management
Chris DeVore
Founder's Co-Op
Matthew Oppenheimer
Ron Shah
Stripes
Charles Stonecipher
Trilogy Equity Partners
Lucia Rigo
Generation Investment Management
Phillip Riese

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News

In May, the company had hired investment banks to prepare for an IPO this year, which could value it at around $5B, Reuters reported. Remitly earns from transactions fees and foreign exchange spreads. Its revenue more than doubled to $257M last year, and it incurred a net loss of $32.6M.
Remitly, the mobile-first provider of international remittances and financial services for immigrants, today announced the launch of several new digital banking features in the Passbook by Remitly app.
Remitly, a Seattle, WA-based mobile-first provider of remittances and financial services for immigrants, received an equity investment from Visa