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
4.3
More
Overall CultureC+More

Locations

Remitly is headquartered in
Seattle, United States

Location Map

Latest Updates

Company Growth (employees)

Employees (est.) (Jan 2021)895(+3%)
Website Visits (Dec 2020)4 m(+15%)
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

6 months 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 Markets was reported to be 17 in Jul, 2020.

Y, 2016Y, 2017Y, 2018Mar, 2019Jun, 2020Jul, 2020
Transaction Volume$1.5 b$4 b$6 b
Customers1 m
Trademarks7
Markets17

Remitly Acquisitions / Subsidiaries

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

Remitly Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Remitly Website Traffic

Alexa Website Rank

Total Visits per monthSimilarWeb

Remitly Online and Social Media Presence

Twitter followers

10.89 k Twitter followers

6 Months

Remitly has 10.89 k Twitter Followers. The number of followers has increased 0.65% month over month and increased 1.44% quarter over quarter.

Remitly's Trends

Search term - Remitly

Twitter Engagement Stats for @remitly

  • 2.53 k

    Tweets

  • 2.26 k

    Following

  • 10.89 k

    Followers

  • 40

    Tweets last 30 days

  • 0.1

    Avg. likes per Tweet

  • 7.5%

    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

    C+

    72/100

  • CEO Rating

    A+

    94/100

  • Compensation

    D

    53/100

Learn more on Comparably

Remitly News and Updates

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...
Feb 03, 2020
Money-transfer startup Remitly launches Passbook, a neobank aimed at immigrants
Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer base. Today, it’s taking the wraps off a new product that puts paid to that plan: it’s launching Passbook, a new bank aimed at immigrants that lets […]
Jul 10, 2019
Remitly snags $220 mln
Seattle-based Remitly, an online international money transfer service, has raised $220 million in financing. The investors included Generation Investment Management, Owl Rock Capital, Princeville Global, Prudential Financial, Schroder & Co Bank AG and Top Tier Capital Partners.

Remitly Blogs

Jan 19, 2021
3 Top Financial Goals for Immigrants in 2021
There’s something magical about New Year’s energy. It feels like you get a chance to start a new life, much...
Jan 14, 2021
6 Facts You Might Not Know about the Mexican Peso
Are you traveling to Mexico or sending money home? Then you’ll need to turn your USD, CAD, or other currency...
Jan 10, 2021
How to Make a Budget in 4 Steps: Your Guide for 2021
Whether you’re preparing to move, helping your family, or buying a home, having money set aside is very important. You...
Jan 09, 2021
How to Send Money with a Credit Card Internationally
Perhaps you’re a week out from payday and a sudden emergency comes up back home. Or maybe you just don’t...
Dec 23, 2020
How to Safely Send Money to DaviPlata in Colombia in 5 Easy Steps
If you support loved ones by sending money to Colombia, you’re not alone. A recent report from the Organization for...
Dec 22, 2020
How to Safely Send Money to PayMaya in 5 Easy Steps
If you support loved ones by sending money to a PayMaya account in the Philippines, you’re like many of your...

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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 895 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.

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