Remitly logo — We are united through our vision to transform lives with tru...

Remitly

We are united through our vision to transform lives with trusted financial services that transcend borders.

Founded 2011 United States Seattle, United States 3329 employees Post-IPO Debt Total: $1.08B Financial Services, Fintech +1

General Information

Company Name Remitly
Founded Year 2011
Location United States Seattle, United States
Employees 3329
Industries Financial Services, Fintech, Payments
Funding Stage Post-IPO Debt
Business Model B2C, E Commerce
Revenue Model Transaction Fee, Service Fee
Social

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About Remitly

Remitly is an innovative player in the Fintech space, headquartered in the United States. Founded in 2011, the company focuses on facilitating international payments, mainly through digital channels like mobile phones, making money transfers across borders both quicker and more cost-effective.

The company's core mission, encapsulated in its slogan, "We are united through our vision to transform lives with trusted financial services that transcend borders," underscores its commitment to accessibility and convenience in financial transactions. This resonates strongly in the Financial Services sector, especially with the growing demand for agile, digital solutions.

Recently, Remitly received a significant financial boost with a $550.00M Post-IPO Debt investment on 24 June 2025, led by reputable investor JP Morgan. This investment could propel Remitly towards expanded service offerings and market reach, particularly in the fast-evolving Payments industry.

Business keywords: International Money Transfers, Digital Payments, Mobile Payment Services, FinTech, Cross-Border Transactions, Remittance Services, Licensed Money Transmitter, Consumer Financial Services, Tech-Driven Financial Solutions, Investment-Backed Company, Payment Technology, Digital Financial Products

Services & Products

Personal and Business Money Transfers
International Payment Processing
Real-time Currency Exchange
Secure Mobile Transactions

Target Customers

International Money Senders Small and Medium-Sized Enterprises (SMEs) Freelancers Remote Teams Global Vendors and Contractors

Funding Rounds & Investors (16)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Debt $550.00M 1
JP Morgan
24 Jun 2025
Post IPO Equity $6.74M -
20 Jan 2023
Corporate Round Undisclosed 1
Visa
11 May 2021
Series F $85.00M 8
Top Tier Capital Partners, DN Capital +6
29 Jul 2020
Debt Financing $85.00M 4
Goldman Sachs, Bridge Bank +2
10 Jul 2019
Series E $135.00M 10
Top Tier Capital Partners, DN Capital +8
10 Jul 2019
Series D $115.00M 4
DN Capital, Threshold Ventures +2
31 Oct 2017
Series C $23.50M 2
International Finance Corporation, Silicon Valley Bank
30 Sep 2016
Debt Financing $15.00M 2
International Finance Corporation, Silicon Valley Bank
30 Sep 2016
Series C $38.50M 6
DN Capital, Trilogy Equity Partners +4
26 Apr 2016

View All 16 Funding Rounds

Remitly Alternatives & Competitors

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FAQ About Remitly

We are united through our vision to transform lives with trusted financial services that transcend borders.
Remitly was founded in 2011.
Remitly is headquartered in Seattle, United States.
Remitly operates in Financial Services, Fintech and Payments. Its work centres on International Money Transfers, Digital Payments, Mobile Payment Services and FinTech. Its customers include International Money Senders, Small and Medium-Sized Enterprises (SMEs) and Freelancers.
Remitly has a B2C and E Commerce business model. Its revenue comes from Transaction Fee and Service Fee.
Remitly has approximately 3329 employees.
Remitly has completed 16 funding rounds, raising a total of $1.08B. The latest funding stage is Post-IPO Debt.
Remitly offers: Personal and Business Money Transfers, International Payment Processing, Real-time Currency Exchange, Secure Mobile Transactions.
Top alternatives and competitors to Remitly include WorldRemit Ltd, TransferGo, UPT Ödeme Hizmetleri ve Elektronik Para A.Ş., MoneyMatch, BnB Transfer Corp.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Remitly and WorldRemit Ltd are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Remitly, https://bouncewatch.com/company/remitly, updated 28 May 2026. When citing, please name BounceWatch and link this page.

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