Remitly Revenue and Competitors

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Seattle, WA USA

Location

$505M

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • Remitly's estimated annual revenue is currently $253.2M per year.(i)
  • Remitly received $115.0M in venture funding in November 2017.
  • Remitly's estimated revenue per employee is $185,900
  • Remitly's total funding is $505M.
  • Remitly's current valuation is $6.5B. (September 2021}

Employee Data

  • Remitly has 1362 Employees.(i)
  • Remitly grew their employee count by 32% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$184.8M99415%$699.7M$5B
#2
$24570M3631314%$216M$209.6B
#3
$2.1M27125%N/AN/A
#4
$578.8M3180N/AN/AN/A
#5
$7.5M52N/AN/AN/A
#6
$30.2M208N/AN/AN/A
#7
$49M338N/AN/AN/A
#8
$2.8M19N/AN/AN/A
#9
$5.8M40N/AN/AN/A

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.

keywords:saas, Consumer Services,E-Commerce,Finance,Mobile,Payments

$505M

Total Funding

1362

Number of Employees

$253.2M

Revenue (est)

32%

Employee Growth %

$6.5B

Valuation

N/A

Accelerator

Remitly News

2022-04-17 - Remitly to Report First Quarter 2022 Financial Results on ...

Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families,...

2022-04-13 - Remitly: Recovery Is On The Horizon

Remitly Global was established with the primary purpose of creating seamless transborder transactions, especially between immigrants and...

2022-03-22 - How Remitly Has Finally Disrupted the Remittances Industry

Remitly Global ( RELY 5.25% ), a newly public company, focuses on remittance services for immigrants who want to send money internationally.

2021-09-23 - ‘Fall in love with a problem’: Remitly CEO reflects on startup journey as remittance company goes public

Remitly employees inside one of the company’s offices. (Remitly Photo) It’s been a heck of a startup journey for Remitly. The latest chapter begins Thursday when the mobile remittance company starts trading on the NASDAQ, marking a key milestone for a 10-year-old firm that has navigated throug ...

2021-09-23 - It turns out fintech is worth as much as SaaS

Fintech startups are having one hell of a week. On the heels of Boston-based software-and-payments company Toast’s strong IPO pricing, Remitly priced shares in its own debut above its proposed range yesterday evening. The Seattle-based fintech company sold 12,162,777 shares (7,000,000 primary) ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$281.8M138832%N/A
#2
$446.8M140611%N/A
#3
$567.6M14708%$17M
#4
$522.1M1474N/AN/A
#5
$476.4M1499-8%N/A

Remitly Funding

DateAmountRoundLead InvestorsReference
2014-01-07$5.5MAQEDArticle
2015-03-20$12.5MBDFJArticle
2016-04-27$38.5MCStripes GroupArticle
2016-10-03$38.0MUndisclosedIFCArticle
2017-11-01$115.0MDNaspersArticle