Remitly Competitors and Similar CompaniesClear all
Remitly's competitors and similar companies include Wise and WorldRemit.
 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 2011 | Founding Date 2010 |
Type | Type Subsidiary | 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 London, GB HQ Melbourne, AU Sydney, AU Sydney, AU Brussels, BE Brussels, BE São Paulo, BR see more | |
Employees | Employees 3,1221% increase | Employees 6,000 | Employees 4202% decrease |
Valuation ($) | Valuation ($) N/A | Valuation ($) 96.2 m | Valuation ($) 900 m |
Financial | |||
Revenue (est.) | Revenue (est.) N/A | Revenue (est.) £1.2b (FY, 2025) | Revenue (est.) £85.8m (FY, 2018) |
Cost of goods | Cost of goods N/A | Cost of goods £263.1m (FY, 2025) | Cost of goods £35.7m (FY, 2018) |
Gross profit | Gross profit N/A | Gross profit £955.9m (FY, 2025) | Gross profit £50.1m (FY, 2018) |
Net income | Net income N/A | Net income £416.7m (FY, 2025) | Net income (£44.8m) (FY, 2018) |
Operating ⚠ | |||
Countries | Countries N/A | Countries 170 (FY, 2023) | Countries 148 (Jun, 2018) |
Customers | Customers 1 m (Mar, 2019) | Customers 10 m (FY, 2023) | Customers N/A |
Funding | |||
Total funding raised | Total funding raised $ 420.1m | Total funding raised $ 1b | Total funding raised $ 407.7m |
For sources of this data, please see the company profile
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Wise
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