About Remitly
Remitly is a company based in Seattle (United States) founded in 2011 by Shivaas Gulati and Matt Oppenheimer. Remitly has raised $1.65 billion across 13 funding rounds from investors including PayU, Goldman Sachs and Barclays. Remitly has completed 2 acquisitions, including Rewire by Remitly and Symphoni. Remitly operates in a competitive market with competitors including Euronet Worldwide, Azimo, Xoom, BookMyForex and OFX, among others.
- Headquarter Seattle, United States
- Founders Shivaas Gulati, Matt Oppenheimer
- Stage Public
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Remitly India Operations Private Limited
- Date of Incorporation 23 Oct, 2024
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.65 B (USD)
in 13 rounds
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Latest Funding Round
$85 M (USD), Series F
Jul 29, 2020
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Investors
PayU
& 21 more
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Employee Count
Not available
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Investments & Acquisitions
Rewire by Remitly
& 1 more
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IPO & Listings of Remitly
Remitly is a publicly listed company on the NASDAQ with ticker symbol RELY in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of Remitly
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Software Development Team
168 people
Finance and Accounting
32 people
Sales and Marketing
26 people
Product Management Team
20 people
Human Resources and Administration
17 people
Leadership Team
15 people
Senior Team
12 people
Legal and Compliance
7 people
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Funding Insights of Remitly
Remitly has successfully raised a total of $1.65B across 13 strategic funding rounds. The most recent funding activity was a Series F round of $85 million completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Remitly
Remitly has secured backing from 22 investors, including institutional and venture fund investors. Prominent investors backing the company include PayU, Goldman Sachs and Barclays.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on sustainable investments
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Locked | Locked | Locked | |
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Private equity and debt financing are provided to mid-market companies.
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Locked | Locked | Locked | |
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Venture capital firm focused on software, fintech, marketplaces, and consumer internet
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Locked | Locked | Locked |
Investor details for Remitly
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Remitly
Remitly has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Rewire by Remitly and Symphoni.
Investment portfolio details for Remitly
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-based business loans platform
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Locked | Locked | 2017 | Locked | |
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International money transfers are facilitated from Israel with Rewire.
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Locked | Locked | 0 | Locked |
Complete acquisition details for Remitly
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- Transaction dates
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Verified entity values are shown only after access is granted.
Financial Statements - Remitly
Detailed financials for Remitly
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Remitly Comparisons
Peer comparison for Remitly
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Competitors of Remitly
Remitly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Euronet Worldwide, Azimo, Xoom, BookMyForex and OFX, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Electronic payments and transaction processing solutions are offered globally.
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| Locked | Locked | Locked |
Cross-border money transfers are enabled via a digital banking channel.
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| Locked | Locked | Locked |
Cross-border money transfers are enabled via banking channels.
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| Locked | Locked | Locked |
Online foreign exchange and remittance services are facilitated in India.
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| Locked | Locked | Locked |
International money transfer service provider.
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Detailed competitors of Remitly
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Latest news on Remitly
Complete news archive for Remitly
Full article history, source details, and older brand coverage require an active premium plan.
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Frequently Asked Questions about Remitly
Remitly was founded in 2011.
Remitly is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Matt Oppenheimer is the current CEO of Remitly. They have also founded this company.
Remitly is a funded company, having raised a total of $1.65B across 13 funding rounds to date.
Remitly was founded in 2011 in Seattle, United States, and operates within the financial technology sector focused on remittances. Funds are sent, received, and transferred internationally through banking networks, utilizing bank deposits, UPIs, and cash accounts. Current exchange rates and special offers are displayed, with bank-level security implemented for transactions. Access to the platform is provided via iOS and Android applications.
Remitly's top competitors include Azimo, Euronet Worldwide and NALA.
Yes, Remitly is publicly traded on NASDAQ under the ticker symbol RELY.
Remitly has made 2 acquisitions, including Rewire by Remitly, and Symphoni.
Remitly has 22 investors. Key investors include PayU, Goldman Sachs, Barclays, SVB, and International Finance Corporation.
The ticker symbol of Remitly is RELY on NASDAQ.
The valuation of Remitly is $1.5B as of Jul 2020.