Remitly
Founded Year
2011Stage
IPO | IPOTotal Raised
$520.27MDate of IPO
9/23/2021Revenue
$0000About Remitly
Remitly (NASDAQ: RELY) is a digital money transfer service. It allows customers to send money to friends and family members. It offers a variety of money transfer services, including international money transfers, mobile money transfers, and more. It was formerly known as Beamit Mobile. The company was founded in 2011 and is based in Seattle, Washington.
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Research containing Remitly
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Remitly in 4 CB Insights research briefs, most recently on Apr 7, 2023.
Mar 9, 2021
The United States Of Fintech Startups
Expert Collections containing Remitly
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Remitly is included in 4 Expert Collections, including Digital Banking.
Digital Banking
733 items
Companies and startups in this collection provide banking services to consumers and businesses, as well as enhance, automate, and/or digitize operations for banks and financial institutions.
Payments
2,777 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Tech IPO Pipeline
282 items
Track and capture company information and workflow.
Fintech
8,095 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Remitly Patents
Remitly has filed 1 patent.
The 3 most popular patent topics include:
- Application programming interfaces
- Customer experience
- Data management
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
5/1/2020 | 9/6/2022 | Payment systems, Data management, Customer experience, Application programming interfaces, Diagrams | Grant |
Application Date | 5/1/2020 |
|---|---|
Grant Date | 9/6/2022 |
Title | |
Related Topics | Payment systems, Data management, Customer experience, Application programming interfaces, Diagrams |
Status | Grant |
Latest Remitly News
Sep 18, 2023
— Kim Vu, vice president of environmental social governance at Seattle digital remittance giant Remitly, will step down from her role at the end of the third quarter. Vu wrote in a LinkedIn post that she will be shifting into an advisory role with the company. Vu joined Remitly in 2019 as global head of diversity, equity and inclusion, then became VP of ESG in October 2021 after the company went public. Prior to joining Remitly, she served as the Seattle market executive for Bank of America. “While the decision is a deeply bittersweet one, (because DEI and ESG work… Read More
Remitly Frequently Asked Questions (FAQ)
When was Remitly founded?
Remitly was founded in 2011.
Where is Remitly's headquarters?
Remitly's headquarters is located at 1111 3rd Avenue, Seattle.
What is Remitly's latest funding round?
Remitly's latest funding round is IPO.
How much did Remitly raise?
Remitly raised a total of $520.27M.
Who are the investors of Remitly?
Investors of Remitly include Visa, DN Capital, Stripes Group, Threshold Ventures, PayU and 25 more.
Who are Remitly's competitors?
Competitors of Remitly include Global66, MyBambu, Mesada, TransferGo, ZEPZ and 9 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Remitly to Competitors
ZEPZ provides a digital money transfer platform. The company specializes in international transfers to mobile money accounts – a technology where a customer's phone numbers acts like a bank account to hold funds.
MoneyGram provides money transfer services to financial institutions and retail customers. The company also provides bill payment services, issues money orders, and processes official checks. The company was formerly known as Integrated Payment Systems. It was founded in 2003 and is based in Minneapolis, Minnesota.
Global66 is a financial technology company. It offers online money transfer and money order services such as money transfer services, money orders, and more. The company was founded in 2018 and is based in Santiago, Chile.
TransferMate is a provider of B2B payments infrastructure as a service, enabling companies to send and receive cross-border payments. The company was founded in 2010 and is based in Kilkenny, Ireland.
TransferGo is an international money transfer service that allows users to transfer money online across Europe and other global destinations.
BCRemit is an online money transfer service (via mobile app, web, and call center) that provides the ability to send money via mobile phone, tablet or laptop/PC from the UK to the Philippines.
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