Remitly Competitors and Similar CompaniesClear all
Remitly's competitors and similar companies include Xoom, Small World Financial Services, Wise and WorldRemit.
 Xoom Xoom is a digital money transfer provider that allows users to send money, pay international bills, or reload phones. |  Small World Financial Services Small World Financial Services is a digital money transfer platform enabling its customers to securely send and receive money. |  Wise Wise (formerly known as Newco) is a financial technology company that provides money transfer and online currency exchange solutions. |  WorldRemit WorldRemit is a company that develops an online service that lets customers send money to their friends and family living abroad, using a computer, smartphone or tablet. | ||
Founding Date | Founding Date 2011 | Founding Date 2001 | Founding Date 2005 | Founding Date 2011 | Founding Date 2010 |
Type | Type Subsidiary | Type Subsidiary | Type Private | Type Public | Type Private |
Tags | |||||
Locations | Locations Seattle, US HQ Cork, IE Tel Aviv Yafo, IL Amsterdam, NL Managua, NI Manila, PH Kraków, PL see more | Locations San Francisco, US HQ | Locations London, GB HQ Melbourne, AU Sydney, AU Sydney, AU Brussels, BE Brussels, BE São Paulo, BR see more | ||
Employees | Employees 3,1221% increase | Employees 230 | Employees 4335% decrease | Employees 6,000 | Employees 4202% decrease |
Valuation ($) | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) 96.2 m | Valuation ($) 900 m |
Financial | |||||
Revenue (est.) | Revenue (est.) N/A | Revenue (est.) $159.1m (FY, 2014) | Revenue (est.) £107.1m (FY, 2018) | Revenue (est.) £1.2b (FY, 2025) | Revenue (est.) £85.8m (FY, 2018) |
Cost of goods | Cost of goods N/A | Cost of goods $45.4m (FY, 2014) | Cost of goods £66.7m (FY, 2018) | Cost of goods £263.1m (FY, 2025) | Cost of goods £35.7m (FY, 2018) |
Gross profit | Gross profit N/A | Gross profit $113.7m (FY, 2014) | Gross profit £40.4m (FY, 2018) | Gross profit £955.9m (FY, 2025) | Gross profit £50.1m (FY, 2018) |
Net income | Net income N/A | Net income ($26.3m) (FY, 2014) | Net income £833.3k (FY, 2018) | Net income £416.7m (FY, 2025) | Net income (£44.8m) (FY, 2018) |
Operating ⚠ | |||||
Active Customers | Active Customers N/A | Active Customers 1.5 m (Q3, 2015) | Active Customers N/A | Active Customers 650 k (FY, 2023) | Active Customers N/A |
Countries | Countries N/A | Countries 130 (May, 2019) | Countries N/A | Countries 170 (FY, 2023) | Countries 148 (Jun, 2018) |
Customers | Customers 1 m (Mar, 2019) | Customers N/A | Customers N/A | Customers 10 m (FY, 2023) | Customers N/A |
Transactions | Transactions N/A | Transactions 4.3 m (Q3, 2015) | Transactions N/A | Transactions N/A | Transactions 5.4 m (FY, 2016) |
Funding | |||||
Total funding raised | Total funding raised $ 420.1m | Total funding raised $ 116.5m | Total funding raised N/A | Total funding raised $ 1b | Total funding raised $ 407.7m |
For sources of this data, please see the company profile
View Company Profiles
Xoom
HQ
San Francisco, US
Xoom is a digital money transfer provider that allows users to send money, pay international bills, or reload phones.
View companySmall World Financial Services
HQ
London, GB
Employees
433↓ 5% decrease
Small World Financial Services is a digital money transfer platform enabling its customers to securely send and receive money.
View companyWise
HQ
London, GB
Employees
6,000
Wise (formerly known as Newco) is a financial technology company that provides money transfer and online currency exchange solutions.
View companyWorldRemit
HQ
London, GB
Employees
420↓ 2% decrease
WorldRemit is a company that develops an online service that lets customers send money to their friends and family living abroad, using a computer, smartphone or tablet.
View company