Remitly Overview
- Founded
- 2011
- Status
- Public
- Employees
- 1,700
- Stock Symbol
- RELY
- Investments
- 4
- Share Price
- $9.38
- (As of Monday Closing)
Remitly General Information
Description
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. Its revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Contact Information
Website
www.remitly.com
Formerly Known As
Beamit, Beamit Mobile
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Stock Exchange
NAS
Primary Office
- 1111 3rd Avenue
- Suite 2100
- Seattle, WA 98101
- United States
+1 (888) 000-0000
Remitly Timeline
Remitly Stock Performance
(As of Monday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $9.38 | $10.26 | $9.02 - $53.65 | $1.68B | 164M | 674K | -$0.64 |
Remitly Financials Summary
|
In Thousands, USD |
TTM 31-Dec-2021 | FY 2021 31-Dec-2021 | FY 2020 31-Dec-2020 | FY 2019 31-Dec-2019 |
|---|---|---|---|---|
| EV | 2,947,597 | 2,947,597 | ||
| Revenue | 458,605 | 458,605 | 256,956 | 126,567 |
| EBITDA | (31,341) | (31,341) | (26,425) | (47,978) |
| Net Income | (38,756) | (38,756) | (32,564) | (51,392) |
| Total Assets | 625,664 | 625,664 | 362,989 | 266,059 |
| Total Debt | 6,147 | 6,147 | 86,967 | 53,015 |
Public Fundamental Data provided by Morningstar, Inc.
disclaimer
Remitly Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
This information is available in the PitchBook Platform. To explore Remitly‘s full profile, request access.
Request a free trialRemitly Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|
This information is available in the PitchBook Platform. To explore Remitly‘s full profile, request access.
Request a free trialRemitly Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internat
Financial Software
Seattle, WA
1,700
As of 2021
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Amsterdam, Netherlands
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Des Moines, IA
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Request a free trialRemitly Competitors (56)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Adyen | Formerly VC-backed | Amsterdam, Netherlands | 0000 | 00.000 | 00000000000 | |
| 000000 | Venture Capital-Backed | Des Moines, IA | 000 | 000.00 | 00000000000 | 000.00 |
| 0000000 (000000000 | Formerly VC-backed | Boston, MA | 000 | 00000 | 00000000 | 00000 |
| 000000 | Corporate Backed or Acquired | Petaling Jaya, Malaysia | 00 | 000000&0 | ||
| 0000 (000000000 00 | Venture Capital-Backed | Seoul, South Korea | 000 | 00000 | 00000 00000 |
Remitly Patents
Remitly Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20210342858-A1 | Systems and methods for dynamic digital identity processing | Pending | 01-May-2020 | 000000000 |
Remitly Executive Team (26)
Remitly Board Members (12)
| Name | Representing | Role | Since |
|---|---|---|---|
| Bora Chung | Self | Board Member | 000 0000 |
| Charles Stonecipher | Trilogy Equity Partners | Board Member | 000 0000 |
| Christopher Devore | Founders' Co-op | Board Member | 000 0000 |
| Joaquin Rodriguez Torres | Princeville Capital | Board Observer | 000 0000 |
| Laurent Le Moal | PayU | Board Member | 000 0000 |
Remitly Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %ile
-35.5%.
530%
Size Multiple
219x
Median
Size Multiple
219x, 100th %ile
0.00x
0.95x.
413Kx
Key Data Points
Twitter Followers
5.5k
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.
Request a free trialRemitly Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
This information is available in the PitchBook Platform. To explore Remitly‘s full profile, request access.
Request a free trialRemitly Investments & Acquisitions (4)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 000000 (00000 | 12-May-2021 | 0000000000 | Communication Software | ||
| 00000000 | 16-May-2019 | 0000000000 | Other IT Services | 0000000 0 | |
| 0000 (0000000 | 10-Jul-2018 | 00000 0000 | 0000 | Network Management Software | |
| Talio | 14-Jul-2015 | Merger/Acquisition | Communication Software | 0000000 0 |
Remitly Subsidiaries (1)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| 00000000 | Other IT Services | Seattle, WA |