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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.
Remitly is a mobile payments service that enables users to make person-to-person international money transfers from the United States. It provides an option to perform international transfers, either directly to a recipient’s bank account, for pickup or home delivery of cash, or to a mobile wallet. The company is currently operating in 21 states and sends millions of dollars to thousands of customers each month. Recently, Remitly was selected for the 2019 Forbes FinTech 50 startups list.
It currently offers a money transfer platform for US & Canada, which is an easy, fast, and affordable way to send money online from the desktop, tablet or mobile device.
Remitly charges a fee of $3.99 per transfer up to $1,000. There are no transfer charges for transactions above $1,000.
$13.06 B in 2018
$10M+ in 2018
The company had a revenue of $3.9Billion in 2018
$600 M in 2018
In 2018, the company processed more than $6 billion in remittance transactions; more than one million customers have used the platform to send money. (Feb. 2019)
$10M to $50M
SERIES A · $5.5 M · Jan 2014
SERIES B · $12.5 M · Mar 2015
SERIES C · $23.5 M · Sep 2016
SERIES D · $115 M · Oct 2017
SERIES E · $135 M · Jul 2019
SERIES F · $85 M · Jul 2020
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