Remitly Global, Inc.

Remitly Global, Inc. (NASDAQ: RMIT) operates one of the world's leading global money movement platforms, serving millions of customers across more than 175 countries. The company's website is www.remitly.com.

Founded in 2011, Remitly provides digital financial services that enable cross-border payments and money transfers. The company's core business centers on global money movement, where it generates revenue through transaction fees charged to customers and foreign exchange spreads. The platform allows customers to send money digitally across borders using mobile apps, websites, and messaging services, with recipients able to receive funds through multiple methods including bank accounts, cash pickups, and mobile wallets.

As of the end of 2025, Remitly maintained a network spanning more than 5,300 corridors connecting send and receive countries, with approximately 9.3 million quarterly active users. The company processed send volume of $74.9 billion during 2025. Remitly's largest send markets include the United States, Canada, the United Kingdom, and other European countries, with major receive countries including India, Mexico, and the Philippines.

Beyond its core remittance offering, Remitly has expanded into adjacent financial services including Remitly Flex, a buy-now-pay-later product; Remitly Wallet and Card for digital money storage and spending; and Remitly One, a membership and loyalty program. The company serves diverse customer categories including low-amount senders, high-amount senders, businesses, and receivers.

Remitly's competitive advantages rest on three core strengths: trust built through reliability and security, a global network of funding and disbursement partnerships enabling direct integrations, and scale that supports lower unit costs and continuous reinvestment. The company operates a digital-first platform powered by proprietary technology, real-time data infrastructure, and artificial intelligence capabilities. Its business model emphasizes localization across regions, data-driven customer acquisition, and disciplined expansion into new geographies and use cases while maintaining focus on its foundational money movement business.