Remitly

Remitly is a Washington-based fintech platform that provides cross-border transactions, payment and related solutions for individuals and businesses. Read more

654 Followers on Owler
654 Followers on Owler
654 Followers on Owler
654 Followers on Owler

Remitly

Remitly is a Washington-based fintech platform that provides cross-border transactions, payment and related solutions for individuals and businesses. Read more

Matthew Oppenheimer's photo - Co-Founder & CEO of Remitly

Co-Founder & CEO

Matthew Oppenheimer

CEO Approval Rating

89/100

Founded:

2011

Status:

PrivateIndependent Company

REMITLY TOP COMPETITORS OR ALTERNATIVES

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Wise is Remitly's top competitor. Wise is a Private company that was founded in London, England in 2010. Wise operates in the Application Software industry. Wise has 1,200 more employees vs. Remitly.

Ria Money Transfer has been one of Remitly's top competitors. Ria Money Transfer is headquartered in Buena Park, California, and was founded in 1987. Ria Money Transfer is in the Transaction Services industry. Ria Money Transfer generates 401% the revenue of Remitly.

WorldRemit is perceived as one of Remitly's biggest rivals. WorldRemit was founded in 2009 in London, England. WorldRemit competes in the Internet Software field. WorldRemit generates $557K more revenue than Remitly.

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Remitly Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Symphoni

May 2019

Source »
undisclosed
Symphoni is an online lending marketplace that offers loans for businesses.

These are all the companies that Remitly has acquired. Remitly's latest acquisition was Symphoni in May 2019. Symphoni is an online lending marketplace that offers loans for businesses.

Remitly Funding History

Since Remitly was founded in 2011, it has participated in 13 rounds of funding. In total Remitly has raised $530.2M. Remitly's last funding round was on May 2021 for a total of $0

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Corporate Round
May 2021
--

Visa Inc.

Series F
Jul 2020
$85M
Debt
Jul 2019
$85M
Series E
Jul 2019
$135M
Series D
Oct 2017
$115M

PayU

Since Remitly was founded in 2011, it has participated in 13 rounds of funding. In total Remitly has raised $530.2M. Remitly's last funding round was on May 2021 for a total of $0

Remitly Investments

No recent investments found related to Remitly

These are all the companies that Remitly has invested in. Remitly's latest investment was Symphoni in May 2019. Symphoni is an online lending marketplace that offers loans for businesses.

Remitly News

May 7, 2021GeekWire

Seattle digital remittance startup Remitly hires banks for IPO at around $5B valuation

The news: Seattle startup Remitly has hired investment banks to prepare for an initial public offerin... See more »
May 6, 2021News Break

FinTech Remitly Makes Move Toward $5 Billion New York IPO - News Break

The FinTech startup Remitly is taking steps toward an initial public offering (IPO) in New York that ... See more »
December 19, 2020The Business Journals: Seattle

Remitly's workforce grows by 25% with more hiring planned

Remitly's co-founder and CEO says the company will continue hiring heavily in the Seattle area.... See more »
December 8, 2020Law 360

Fintech Startup Remitly Taps New GC From Fifth Third Bank

Online money transfer service Remitly announced Tuesday that it hired Fifth Third Bank's deputy gener... See more »
August 26, 2020PYMNTS

Remitly Sees Vast Growth In Mobile Wallet Network

Remitly, which sells financial services products aimed at making it easier for immigrants to send mon... See more »
August 26, 2020PaymentsSource

Remitly expands remittance network meet demand during COVID-19

Remitly has added 11 new mobile wallets to its network, almost doubling its reach to 300 million cons... See more »
August 26, 2020The Seattle Times - Business & Tech

Seattle startup Remitly nearly doubles its global reach for immigrants

Remitly says since February, its mobile wallet network has expanded to 300 million customers from 160... See more »

Remitly Blogs

May 9, 2015REMITLY BLOG

Edgardo Albarico Gale

May 9, 2015REMITLY BLOG

Maria Carolina Dela Rama

May 8, 2015REMITLY BLOG

Winstone Arradaza

May 7, 2015REMITLY BLOG

Dave Vigo

May 6, 2015REMITLY BLOG

Dolores Rodriguez

May 6, 2015REMITLY BLOG

Lydia Tapaya

Remitly Press Releases

May 22, 2019PR Newswire

Stilt and Remitly Partner to Support Millions of Immigrants Working to Secure a Better Financial Future for Themselves and Families

SAN FRANCISCO, May 21, 2019 /PRNewswire/ -- Stilt, a mission-driven company focused on democratizing ... See more »
February 21, 2019Business Wire

Remitly Named One of World's Most Innovative Companies by Fast Company

SEATTLE--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/fintech?src=hash" target="_blank"gt;... See more »
December 11, 2018Business Wire

Remitly Triples Global Coverage, Launches New Product Enhancements

SEATTLE--(BUSINESS WIRE)--Today Remitly, the largest independent digital remittance company in North ... See more »
December 11, 2018streetinsider

Remitly Triples Global Coverage, Launches New Product Enhancements

Remitly’s enhanced services and bold expansion advance the company’s mission to bring faster, easier,... See more »
October 11, 2018Business Wire

Remitly Implements Signal Sciences to Protect Sensitive Mobile Customer Data and Ensure PCI Compliance

CULVER CITY, Calif.--(BUSINESS WIRE)--#DevOps--Signal Sciences, the most trusted brand in web defense... See more »
May 9, 2018Business Wire

Remitly Reaches New Milestone As It Continues International Expansion

SEATTLE--(BUSINESS WIRE)--Today Remitly, the largest independent digital remittance company in North ... See more »
September 21, 2017Business Wire

Remitly Waives Transfer Fees on All Money Transfers to Mexico to Help Earthquake Victims

SEATTLE--(BUSINESS WIRE)--For those looking to send money to individuals affected by yesterday's Mexi... See more »

Remitly Videos

Social Media

Remitly Headquarters

1111 3rd Avenue Suite 2100

Seattle, Washington98101

1-888-736-4859

Driving Directions »

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Remitly Summary

ABOUT

Overview

Remitly is a Washington-based fintech platform that provides cross-border transactions, payment and related solutions for individuals and businesses. Remitly was founded in 2011. Remitly's headquarters is located in Seattle, Washington, USA 98101. It ...

CEO

Remitly's Co-Founder & CEO, Matthew Oppenheimer, currently has an approval rating of 89%. Remitly's primary competitors are Wise, Ria Money Transfer & WorldRemit.

Website

remitly.com

Frequently Asked Questions about Remitly

  1. When was Remitly founded?

    Remitly was founded in 2011
  2. Who is Remitly's CEO?

    Remitly's CEO is Matthew Oppenheimer
  3. How much revenue does Remitly generate?

    Remitly generates $120M in revenue
  4. How much funding does Remitly have?

    Remitly has historically raised $530.2M in funding
  1. Where is Remitly's headquarters?

    Remitly's headquarters is in Seattle Washington, USA
  2. How many employees does Remitly have?

    Remitly has 1,000 employees
  3. What sector does Remitly operate in?

    Remitly is in Internet Software, Enterprise Software, Fintech
  4. Who are Remitly's competitors?

    Remitly's top competitors are Wise, Ria Money Transfer, WorldRemit