Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

Josh Hug

Shivaas Gulati

Matthew Oppenheimer

Remitly Global, Inc.

Prizeout provides a platform for users to withdraw their money through various brands and payment solutions.

Prizeout

Digital Payments Group provides a card issuing platform that includes secure transaction processing, tokenized payments, and white labeled account servicing. self-described as working with market players to create innovative payment solutions.

Digital Payments Group

Orum transforms payment technology for businesses through unified API-based solutions. Self-described claims include fast payment speed, certainty, and orchestration.

Orum

Careers at Remitly Nicaragua

Remitly is an international payments company that leverages digital channels, including mobile phones, to send money internationally. Remitly's digital products are fundamentally faster, less expensive, and far more convenient for customers to send money across borders.

Visa

Employee Stock Option Fund

Top Tier Capital Partners

Generation Investment Management

DN Capital

Owl Rock Capital

PayU GPO

Princeville Global

Stripes

Threshold

Remitly

We’re proud to share that Remitly’s EVP of Legal and Risk, Saema Somalya is one of American Banker’s 2024 Most Influential Women in Payments! 🎉

Read more in our Newsroom about Saema’s commitment to earning customer trust, expanding financial access, and reducing prosperity gaps around the world. https://bit.ly/3uCVXSQ

Join us in congratulating Saema on this well-deserved recognition! How has a mentor or leader inspired you in your career? 👇 
 #WomenInPayments #Fintech #Leadership

Remitly is proud to share our strong fourth quarter and full year 2023 financial results and our 2024 outlook, which we reported on February 21, 2024. We were pleased to deliver on our commitments in the fourth quarter and in 2023. These results reflect the progress we have made on our strategic initiatives and our commitment to our customers to deliver peace of mind as they send money across borders. 

Key year-over-year highlights from the fourth quarter include 41% growth in quarterly active customers, 38% growth in send volume, and 39% growth in revenue. 

Key year-over-year highlights from the full year include 38% growth in send volume and 44% growth in revenue. 

Our co-founder and CEO, Matt Oppenheimer, said:

“Our strong fourth quarter and full year 2023 performance is the direct result of delighting our customers with a reliable and fast cross border payments experience. We see significant opportunities ahead to continue driving strong customer growth and sustainably improving our profitability.”

We’re just getting started! 🚀 

For full results visit --> https://ir.remitly.com/ 

#remitly #wjgs #financialresults #customercentricity #growth

We are pleased to welcome Bobby Wilkinson as Remitly’s VP of Global DEI! 

We’re grateful for Bobby’s depth of experience and shared commitment to fostering a culture of inclusion and belonging. Read more about Bobby and DEI at Remitly 👉 https://bit.ly/3I1Gj6k  

#diversity #equity #inclusion #DEI

“Our business starts and ends with our customers.” 

Remitly CEO Matt Oppenheimer shares how ingrained customer centricity is in our cultural DNA and why it's at the heart of everything we do.

Check out the full interview with Fortune Trust Factor reporter Eamon Barrett → https://bit.ly/3wfMste

#leadauthentically #customercentricity

Celebrating Gabor Pasztor, the well-deserved winner of TeamSnap’s Coach of the Year award, sponsored by Remitly. His work with Miami youth through ATHLETIC CLUB MIAMI, INC. extends beyond soccer, offering a sense of belonging and connection. 

Read more about Gabor’s experience immigrating to the U.S., and how he’s building community for local youth through soccer!  

https://bit.ly/3w2d3K7 ⚽ #Remitly #TeamSnap #CoachOfTheYear

Last month, Hola@Remitly was proud to support the Hispanic community as a bronze sponsor of the Hispanic Leadership Summit in NYC, organized by the We Are All Human Foundation. 

Our Global CS Assurance Lead, Ileana Rocha, was inspired by the collective action Remitly and other companies are taking toward empowering the Hispanic community and promoting gender equality.

Read more here: https://bit.ly/3S7XEz0 

#HolaAtRemitly #HispanicLeadershipSummit2023 #WeAreAllHuman

At Remitly, we’re grateful for the position we’re in to earn trust by delivering the reliable services our customers need and deserve. We are learning how to do this better every day, and taking meaningful and measurable steps that move us increasingly closer to our bold vision. I recently had the privilege of chatting with Rick Morgan from Puget Sound Business Journal about the exciting opportunities ahead and why cultivating trust is paramount at Remitly: 
https://lnkd.in/g6P9u8iZ

Remitly is proud to be recognized among Built In’s Best Places to Work in Seattle and Best Large Places to Work in Seattle for 2024! This program honors companies whose outstanding culture shows a commitment to their people. 

This recognition wouldn’t be possible without our employees, who embody our cultural values and make Remitly a great place to come to work every day.

Explore the full list here of honorees: https://bit.ly/47uu78n
 
And we're hiring! Check out open roles on our careers page 👉 https://bit.ly/48rcp7j

#BPTW2024 #2024BuiltInBest #hiring

We are thrilled to announce that Remitly Israel (formerly Rewire) has secured a spot on the DUNS 100 list of Best HighTech Companies to work for in 2023! 

This recognition is a testament to the dedication, talent, and relentless customer focus of the entire team. Here's to another year of collaboration, innovation, and continued success. 🚀

#duns100

Remitly CTO Ankur Sinha shares how a growth mindset and joyful approach are fueling our commitment to delivering trusted financial services to our customers and their loved ones.

Check out the full interview with Built In's Taylor Rose below 👇

Metric
Company Name	Remitly Global, Inc.	Prizeout	Digital Payments Group	Orum
Symbol	RELY
MSH ID	COM:REMITLY	COM:PRIZEOUT	GROUP:DIGITALPAYMENTS	IO:ORUM
Market	STOCKS	PRIVATE	PRIVATE	PRIVATE
Sector	Technology	Financial Services & Finance	Financial Services & Finance	Financial Services & Finance
Industry	Software - Infrastructure	Digital Payments	Financial Technology	Financial Technology
Country	US	US	GB	US
Stage		Corporate Round		Series B
Employee Count	2.70K
Website	remitly.com/us	prizeout.com	digitalpayments.group	orum.io
LinkedIn	remitly
Founders

Metric
Market Cap	2.41B
Enterprise Value
Monthly Web Traffic	20.71M	136.20K	426	93.22K
Web Traffic Growth	0.01	-0.32	0.61	-0.24
Valuation
Raised Capital	6.74M			22M

Metric
Revenue	944.28M
Revenue (LTM)
Revenue (NTM)
Gross Profit	532.65M
EBITDA	-96.47M
Operating Income	-114.19M
Net Income	-117.84M
EPS	-0.65
Diluted EPS	-0.65
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.64
Operating Profit Margin	-0.10
EBITDA Margin	-0.10
Net Profit Margin	-0.10
Return on Equity	-0.19
Return on Assets	-0.10
Return on Capital Employed	-0.15

COM:REMITLY

Remitly Global, Inc.

Last Close

20.68

22/11 21:00

Market Cap

2.41B

Beta: -

Volume Today

1.85M

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-32.45
P/B Ratio	6.31
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	4.15
EV Multiple	-26.72

Metric
Days Sales Outstanding	108.72
Days Payables Outstanding	17.50
Days Inventory Outstanding	204.65
Operating Cycle	359.01
Cash Conversion Cycle	324.48
Asset Turnover	1.14

Metric
Operating Cash Flow	-53.59M
Free Cash Flow	-62.69M
Cash Flow to Debt	-0.37
Operating Cash Flow/Sales	-0.01
Free Cash Flow Yield	-0.03

Metric
Cash & Equivalents	323.71M
Accounts Receivable	-183.42M
Inventory	207.74M
Goodwill	54.94M
Debt to Capitalization	0.23
Debt to Assets	0.02
Current Ratio	2.43
Quick Ratio	3.22

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.15
R&D to Revenue	0.23
SG&A to Revenue	0.19