Overview
Remitly is a mobile payment service that enables consumers to conveniently make person-to-person international money transfers from the United States. Its online service is disrupting the $588 billion a year industry by using the latest technology and mobile devices to eliminate unnecessary forms, codes, agents, extra time, and fees tied to the traditional money transfer process. As a licensed money transmitter, Remitly currently operates in 49 states and Washington, D.C., and spends millions of dollars to thousands of customers each month. Remitly is backed by Stripes Group, DFJ, Vulcan Capital, QED, Trilogy Equity Partners, DN Capital, Founders Co-Op, Bezos Expeditions, and TomorrowVentures.
Tech Stack
Funding History
Series C
$38.5M
Apr 2016
Debt Financing
$15.0M
Sep 2016
Series C
$23.5M
Sep 2016
Series D
$115.0M
Oct 2017
Series E
$135.0M
Jul 2019
Debt Financing
$85.0M
Jul 2019
Series F
$85.0M
Jul 2020
Generation Investment Management, Threshold, Blue Owl Capital Corporation +5
Corporate Round
Undisclosed
May 2021
Visa
Post Ipo Equity
$6.7M
Jan 2023
Post Ipo Debt
$550.0M
Jun 2025
JP Morgan