Craft

Remitly Summary

Overview

Remitly is an international payments company. It provides online services that enable customers to send and transfer money.

TypePrivate
Founded2011
HQSeattle, WA, USMap
Websiteremitly.com
Employee Ratings
4.4
More
Overall CultureBMore

Locations

Remitly is headquartered in
Seattle, United States

Location Map

Latest Updates

Company Growth (employees)

Employees (est.) (Jun 2021)1,041(+5%)
Job Openings93
Website Visits (Apr 2021)5 m(+8%)
Revenue (Y, 2018)$80 M
Cybersecurity ratingCMore

Key People/Management at Remitly

Remitly Office Locations

Remitly has offices in Seattle, Spokane, Cork, Managua and in 3 other locations

Remitly Financials and Metrics

Summary Metrics

Founding Date

2011

Remitly total Funding

$420.1 m

Remitly latest funding size

$85 m

Time since last funding

a year ago

Remitly investors

DN Capital, QED Investors, Silicon Valley Bank, DFJ Growth, Bezos Expeditions, Techstars, Stripes Group, Vulcan Capital, Threshold, Geoff Entress, SK Ventures, TomorrowVentures, Top Tier Capital Partners, International Finance Corporation, Trilogy Equity Partners, Sujal Patel, Generation Investment Management, Chase Franklin, Mark Williamson, Founders' Co-op, Prudential Financial, Princeville Global, PayU, Techstars Seattle Accelerator, Threshold Ventures, Stripes, Owl Rock Capital, Schroder & Co Bank AG, Owl Rock Capital Partners, Princeville, Top Tier

Remitly's latest funding round in July 2020 was reported to be $85 m. In total, Remitly has raised $420.1 m. Remitly's latest valuation is reported to be $950 m.

Remitly's revenue was reported to be $80 m in Y, 2018

USD

Revenue (Y, 2018)$80 m

USDY, 2018E
Revenue80 m
show all

USD
Y, 2018
Revenue/Employee190.1 k

Remitly Operating Metrics

Remitly's Customers Served was reported to be 300 m in Jul, 2020.

Y, 2016Y, 2017Y, 2018Mar, 2019Jun, 2020Jul, 2020
Transaction Volume$1.5 b$4 b$6 b
Customers1 m
Partners40 k
Trademarks7

Remitly Acquisitions / Subsidiaries

Company NameDateDeal Size
SymphoniMay 16, 2019
Talio LabsJuly 14, 2015

Remitly Hiring Categories

Remitly Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

Remitly Website Traffic

Alexa Website Rank

Total Visits per monthSimilarWeb

Remitly Online and Social Media Presence

Twitter followers

11.26 k Twitter followers

6 Months

Remitly has 11.26 k Twitter Followers. The number of followers has increased 0.03% month over month and increased 2.54% quarter over quarter.

Remitly's Trends

Search term - Remitly

Twitter Engagement Stats for @remitly

  • 2.82 k

    Tweets

  • 2.25 k

    Following

  • 11.26 k

    Followers

  • 89

    Tweets last 30 days

  • 0.1

    Avg. likes per Tweet

  • 6.7%

    Tweets with engagement

Remitly Technology StackBuildWith Logo

  • ads

    17 products used

    • AdRoll
    • AppNexus
    • AppNexus Segment Pixel
      • BounceX
      • DoubleClick Bid Manager
      • DoubleClick.Net
      • Facebook Custom Audiences
      • Facebook Exchange FBX
      • Google Adsense
      • Google Remarketing
      • Index Exchange
      • IponWeb BidSwitch
      • Openads/OpenX
      • Pubmatic
      • Rubicon Project
      • Twitter Ads
      • Yahoo Small Business
  • analytics

    22 products used

    • Bing Universal Event Tracking
    • CrazyEgg
    • Facebook Conversion Tracking
      • Facebook Domain Insights
      • Facebook Pixel
      • Facebook Signal
      • Facebook Tag API
      • FullStory
      • Google Analytics
      • Google Analytics Classic
      • Google Conversion Tracking
      • Google Universal Analytics
      • Kenshoo
      • KISSmetrics
      • MediaMath
      • Microsoft Adcenter
      • New Relic
      • Rapleaf
      • Segment
      • Sift Science
      • Trustpilot
      • Twitter Analytics
  • cdn

    4 products used

    • AJAX Libraries API
    • CloudFront
    • Content Delivery Network
    • OSS CDN
  • cdns

    1 product used

    • Amazon S3 CDN
Learn more on BuiltWith

Remitly Company CultureCultureAndCompensation Logo

  • Overall Culture

    B

    73/100

  • CEO Rating

    A+

    90/100

  • Compensation

    D-

    49/100

  • Diversity

    B

    75/100

Learn more on Comparably

Remitly News and Updates

May 11, 2021
Visa invests in Remitly
_3xOCqVisa has made a "sizeable" equity investment in Remitly to help the digital remittance outfit expand its network in emerging markets.
May 06, 2021
Remitly eyes IPO at $5bn valuation - Reuters
_3xOCqDigital remittance outfit Remitly has hired investment banks to lay the ground for an initial public offering at a $5 billion valuation, according to Reuters.
Jul 29, 2020
Remitly raises $85m at $1.5bn valuation
_3xOCqDigital remittance outfit Remitly has raised $85 million at a $1.5 billion valuation in a funding round led by existing investor Prosus’s PayU.
Jul 29, 2020
Remitly raises $85M at a $1.5B valuation, says money transfer business has surged
Remittances — when people send money internationally to family and friends, or as a payment — has long been one of the most important levers for getting funds to people in developing economies. However, the persistent spread of the coronavirus is having a tough impact on that, with the World Bank estimating that remittances to low […]
May 27, 2020
Remitly adds 'Cash Deposit' feature for Passbook customers
Remitly, the largest independent digital remittance company in North America, today announced a part...
Feb 03, 2020
Remitly launches bank account for immigrants in the US
_3xOCqDigital remittance outfit Remitly is entering the banking business, launching an online account for...

Remitly Blogs

Jun 11, 2021
6 Facts You Might not Know About the Korean Won
If you’re traveling to South Korea or sending money home, you’ll need to convert your funds.  This guide walks you...
Jun 10, 2021
The 3 Types of International Student Visas in the U.S.: A 2021 Guide
We live in a global society where international education can further your career.  A popular destination to study is the...
Jun 09, 2021
How to Make a Fast Bank Transfer
If you’ve made a bank transfer in the past, it might have taken a few business days or more. Now,...
Jun 09, 2021
Remitly Confidentially Submits Draft Registration Statement for Proposed Initial Public Offering
Remitly Global, Inc. has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the...
Jun 08, 2021
Relocation Guide: 7 Things You Should Know Before Moving to Brazil
With its diverse cultures, scenic views, and welcoming people, moving to Brazil can feel like an exciting adventure.  Just like...
Jun 07, 2021
How to Send Money Safely to Ziraat Bankası in Turkey in 5 Easy Steps
If you’re working abroad and sending money to Turkey to help support your loved ones, you’re far from alone. According...

You may also be interested in Related companies

logo
SureRemit
Employees
5 
SureRemit is a company that provides non-cash remittance services.
View company
logo
Ozan
Employees
47  18increase
Ozan is a financial technology company developing a digital wallet.
View company
logo
ASAAS
HQ
null, BR
Employees
139  5increase
ASAAS is a company that develops a SaaS-based mobile application offering billing and subscription management services.
View company
logo
Wing
Employees
388  -15decrease
Wing is a company that provides mobile banking services, including local and international money transfers, bill payments, payrolls, and disbursements.
View company
When was Remitly founded?
Remitly was founded in 2011.
Who are Remitly key executives?
Remitly's key executives are Matthew Oppenheimer, Josh Hug and Shivaas Gulati.
How many employees does Remitly have?
Remitly has 1,041 employees.
What is Remitly revenue?
Latest Remitly annual revenue is $80 m.
What is Remitly revenue per employee?
Latest Remitly revenue per employee is $190.14 k.
Who are Remitly competitors?
Competitors of Remitly include Xoom, Small World Financial Services and TransferWise.
Where is Remitly headquarters?
Remitly headquarters is located at 1111 3rd Ave #2100, Seattle.
Where are Remitly offices?
Remitly has offices in Seattle, Spokane, Cork, Managua and 3 other locations
How many offices does Remitly have?
Remitly has 7 offices.

Craft real-time company insights

Learn about Craft real-time company insights

Receive alerts for 300+ data fields across thousands of companies

Footer menu