Remitly Global Inc is primarily active in the fintech and digital remittance industries.

The main competitors of Remitly Global Inc in the market are Western Union, PayPal, and TransferWise.

Remitly Global Inc is a leading digital remittance company founded in 2011 by Matthew Oppenheimer and Josh Hug. Headquartered in Seattle, Washington, Remitly offers online money transfer services, allowing customers to send funds internationally, particularly to developing countries. The company's vision is to transform the lives of immigrants and their families by providing a secure, convenient, and cost-effective way to send and receive money. Over the years, Remitly has expanded its services, offering features like mobile wallets and cash pickups to cater to diverse customer needs. With its innovative platform and commitment to financial inclusion, Remitly has established itself as a trusted name in the remittance industry.

Remitly Global Inc has achieved several significant milestones since its establishment. The company reached the milestone of processing $1 billion in annualized volume for its digital money transfers. Furthermore, it expanded its services to over 100 countries, allowing customers worldwide to send and receive money conveniently. Remitly also secured substantial funding, raising a total of $420 million in multiple funding rounds, enabling its rapid growth and innovation in the transfer industry. The company's exceptional achievement of being valued at $1.5 billion as of July 2020 highlights its success and position in the market. Overall, Remitly Global Inc has demonstrated remarkable growth, global outreach, and financial success.

Remitly Global Inc primarily operates in several countries and regions worldwide. The company's presence extends to the United States, Canada, the United Kingdom, Australia, and several countries in Europe. With its mission to make international money transfers easier, Remitly enables individuals to send money to loved ones in countries such as India, Mexico, the Philippines, Nigeria, Colombia, and many others. By offering a convenient and secure online platform, Remitly has established a strong presence in both developed and emerging markets, providing efficient and affordable remittance services to various parts of the world.

Remitly Global Inc represents a values-driven corporate philosophy. The company is focused on empowering and improving the lives of immigrants and their families by providing a safe and convenient way to send money across borders. Remitly prioritizes customer satisfaction and aims to provide fast, reliable, and affordable money transfer services. The company emphasizes transparency, ensuring that customers have access to real-time updates and competitive exchange rates. Remitly also places great importance on social responsibility, collaborating with local organizations to support communities and promote financial inclusion. Through its dedication to innovation and customer-centric approach, Remitly Global Inc strives to be a trusted partner for cross-border financial transactions.

Analysts currently set an average price target of 22.58 USD for the Remitly Global stock (median: 21.42 USD), implying -0.8 % versus the latest price. The consensus is based on 14 analyst ratings.

Remitly Global Analyst Price Targets 2026

16 analysts currently rate the Remitly Global stock: 15 recommend buying, 1 holding and 0 selling. For 2026, analysts expect Remitly Global to generate revenue of 1.97 B USD and earnings per share of 0.64 USD.

Remitly Global Analyst Price Targets 2026

Converted at the current exchange rate, the Remitly Global share trades at 19.78 EUR (22.77 USD).

The Remitly Global share (RELY) is listed on 1 stock exchanges, including: NASDAQ (RELY).

Remitly Global Inc. is a US-based FinTech company that specializes in international money transfers. It was founded in 2011 and is headquartered in Seattle, Washington. The company enables its users to send money quickly and easily to over 50 countries worldwide. Remitly offers two main products: "Express" and "Economy". The Express product is fast but more expensive, while the Economy product is slower and cheaper. Users can choose which option best suits their needs and budget. Remitly's business model is based on the goal of making sending money abroad easier, faster, and cheaper. The company specializes in providing a fast and user-friendly platform for customers to send money abroad without worrying about hidden fees or high exchange rates. The company earns its revenue through fees and exchange rates. Remitly charges a transaction fee per transfer, which varies depending on the country and transfer method. Additionally, the company also earns money through the exchange rate it charges customers. Remitly typically uses an exchange rate slightly below the market value to profit from this difference. Remitly targets various audiences, including immigrants living in the US who want to send money to their families and friends in other countries. The company also aims to assist people who need to send money to other countries for business or personal purposes. Part of Remitly's business model is providing an excellent user experience. The platform is user-friendly and easy to use. Remitly also offers excellent customer support, with a team available around the clock to address any questions and concerns. Remitly has also partnered with various banks and financial service companies to expand its reach. Through these partnerships, users can directly transfer funds to their bank accounts in certain countries, for example. Overall, Remitly's business model is focused on making sending money abroad as simple, fast, and affordable as possible. Through a combination of user-friendly technology, fair fees, and excellent customer support, the company has found a niche in the market and has become one of the leading providers of international money transfers. Answer: Remitly Global Inc. is a US-based FinTech company specializing in international money transfers. It offers two main products, Express and Economy, allowing users to send money to over 50 countries worldwide. Remitly's business model prioritizes a user-friendly experience, fair fees, and excellent customer support. The company earns revenue through transaction fees and exchange rates, often below the market rate. It targets various audiences, including immigrants and individuals sending money abroad for personal or business purposes. Remitly also partners with banks and financial service companies to expand its services. Overall, Remitly aims to simplify and make money transfers abroad affordable.

The expected revenue of Remitly Global is 1.97 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Remitly Global is 138.94 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Remitly Global is currently 35.33. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Remitly Global stock.

The price-to-sales ratio (P/S) of Remitly Global is currently 2.49. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Remitly Global stock.

The Eulerpool Quality Score for Remitly Global is 6/10.

The ISIN of Remitly Global is US75960P1049. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Remitly Global is RELY. The ticker symbol is used to trade Remitly Global shares on the stock exchange.

Remitly Global paid dividends every year for the past 0 years.

Remitly Global is assigned to the 'Information technology' sector.

The dividends of Remitly Global are distributed in USD.