Remitly
Remitly is an American financial technology company specialising in digital international remittances. It competes with Wise, Nala and traditional money-transfer operators by emphasising mobile-first cross-border payouts to families and workers.1
History
Remitly was founded in Seattle to improve the migrant remittance experience with transparent fees and faster delivery. It listed publicly and expanded corridor coverage worldwide.2
Founders
Matt Oppenheimer, Josh Hug and Shivaas Gulati co-founded Remitly. Oppenheimer has served as chief executive through the company’s growth and IPO.
Model
Remitly is a licensed money transmitter / payments company, not a deposit neobank. It partners with banks and payout networks in destination countries.
Products
Products centre on app-based international transfers with multiple payout options (bank deposit, cash pickup, mobile wallet) and related financial services for remittance customers.
References
- Remitly is a digital international remittance company. https://www.remitly.com/
- Remitly listed publicly and expanded global remittance corridors. https://ir.remitly.com/
Frequently asked questions
- What is Remitly?
- Remitly is a U.S.-based digital remittance company moving money across international corridors.
- When was Remitly founded?
- Remitly was founded in 2011.
- Where is Remitly headquartered?
- Remitly is headquartered in Seattle, U.S..
- What type of company is Remitly?
- Remitly is described as Public (NASDAQ: RELY) in its neobank.wiki profile.
See also
- Airwallex — Airwallex is an Australian-founded business fintech for global accounts, payments and spend management.
- Alex Johnson — Alex Johnson is the founder of Fintech Takes, a widely read fintech newsletter and podcast; he is active on X as @AlexH_Johnson.
- Alexandre Prot — Alexandre Prot is co-founder and CEO of Qonto, the Paris-based European business neobank.
- Ali Niknam — Ali Niknam is founder and CEO of Bunq, the Amsterdam-based licensed Dutch neobank.
- Ally Bank — Ally Bank is a large U.S. online bank offering deposits, loans and investment products without branches.