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 +13
Employees 3329
Industries Financial Services, Fintech, Payments
Funding Stage Post Ipo Debt
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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.

Taxonomy: 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 •••••• 1 •••• •••• 24 Jun 2025
Post-IPO Equity •••••• - 20 Jan 2023
Corporate Round •••••• 1
Investor
11 May 2021
Series F •••••• 8
Investor Investor Investor Investor Investor Investor Investor
•••• ••••
29 Jul 2020
Debt Financing •••••• 4
Investor Investor
•••• ••••
10 Jul 2019

View All 16 Funding Rounds

Remitly Alternatives & Competitors

View All Alternatives
Remitly vs
Yativo Global
Yativo Global United States

Solving digital payments for immigrants. Startup Chile BIG6| Techstars 24| START Global 24|

Grant
1 employees
Fintech, Payments
Remitly vs

PayPaddi, bills payment app, recharge gotv, recharge dstv,

Pre Seed
2 employees
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Remitly vs
Excelon
Excelon United Kingdom

A friendly, fair and open banking experience for the borderless digital native.

13 employees
Financial Services, Fintech

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 the following industries: Financial Services, Fintech, Payments.
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 Yativo Global, PayPaddi - Payment app, Excelon, Trafalgar Fintech, Remit4Ever. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Remitly and Yativo Global 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.

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