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Remitly Competitors and Similar CompaniesClear all

Remitly's competitors and similar companies include Xoom, Small World Financial Services and Wise.

	Remitly Remitly is a digital financial company that develops a payments app.	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.
Founding Date	Founding Date 2011	Founding Date 2001	Founding Date 2005	Founding Date 2011
Type	Type Subsidiary	Type Subsidiary	Type Private	Type Public
Tags	Tags Technology application software fintech mobile app money transfer payments	Tags Financial Services fintech money transfer payments	Tags Financial Services banks money transfer payments	Tags Technology exchange fintech money transfer payments platform
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 London, GB London, GB Albany, US Chicago, US Lansing, US Nashville, US 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 230	Employees 4335% decrease	Employees 6,000
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)
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)
Gross profit	Gross profit N/A	Gross profit $113.7m (FY, 2014)	Gross profit £40.4m (FY, 2018)	Gross profit £955.9m (FY, 2025)
Net income	Net income N/A	Net income ($26.3m) (FY, 2014)	Net income £833.3k (FY, 2018)	Net income £416.7m (FY, 2025)
Operating ⚠
Active Customers	Active Customers N/A	Active Customers 1.5 m (Q3, 2015)	Active Customers N/A	Active Customers 650 k (FY, 2023)
Countries	Countries N/A	Countries 130 (May, 2019)	Countries N/A	Countries 170 (FY, 2023)
Customers	Customers 1 m (Mar, 2019)	Customers N/A	Customers N/A	Customers 10 m (FY, 2023)
Funding
Total funding raised	Total funding raised $ 420.1m	Total funding raised $ 116.5m	Total funding raised N/A	Total funding raised $ 1b