Remitly

Key details

• Launch: 2011

Overview

Remitly is NASDAQ: RELY + US-based mobile-first global money transfer + remittance + founded 2011 by Matt Oppenheimer + Josh Hug + Shivaas Gulati in Seattle + one of US's largest mobile-first remittance platforms + ~7.5M+ annual Remitly customers worldwide [1, us-cro].

History

2011 — Remitly founded by Matt Oppenheimer + Josh Hug + Shivaas Gulati in Seattle as US-based mobile-first global money transfer + remittance distinctive US mobile-first remittance heritage.

Sep 23 2021 — Remitly NASDAQ IPO under ticker RELY.

Ownership & operator

Operating entity: Remitly Global Inc (US-based mobile-first global money transfer + remittance; NASDAQ: RELY).

Major shareholders: US + international retail + institutional + foreign investors free float.

Regulators: FinCEN + Federal Reserve + state regulators + national regulators across 170+ countries.

Technical integration

Remitly mobile app (iOS + Android; ~7.5M+ annual Remitly customers worldwide) + remitly.com online + Remitly Visa + Mastercard cards; ACH + SWIFT + FedNow + bank account transfers + cash pickup + mobile wallet transfers.

Implementations & partners

Major US-based + global money transfer + remittance competitors: [[western-union]] (Western Union; NYSE: WU; US-based global money transfer + remittance operator + retail agent network; world's largest money transfer + remittance network by transaction volume) + [[moneygram]] (MoneyGram International; US-based global money transfer + remittance operator + retail agent network) + [[ria-money-transfer]] (Ria Money Transfer; Euronet Worldwide NASDAQ: EEFT US-based subsidiary global money transfer + remittance) + [[worldremit]] (WorldRemit Zepz; UK-based mobile-first global money transfer + remittance) + [[wise]] (Wise; UK + global multi-currency account + cross-border transfers) + [[xoom]] (Xoom PayPal-owned US-based global money transfer + remittance) + [[paypal-app]] (PayPal; NASDAQ: PYPL; US-based global digital payment platform + Xoom + Honey + Venmo parent) + [[venmo-app]] (Venmo; PayPal-owned US-based P2P mobile wallet) + [[cashapp]] (Cash App; Block NYSE: SQ US-based P2P mobile wallet) + [[zelle]] (Zelle; Early Warning Services LLC US bank consortium P2P payment network; ~125M+ US users).

Regulators: FinCEN + Federal Reserve + state regulators + national regulators across 170+ countries.

Status

Active, NASDAQ:RELY + US-based mobile-first global money transfer + remittance + founded 2011 by Matt Oppenheimer + Josh Hug + Shivaas Gulati in Seattle + one of US's largest mobile-first remittance platforms + ~7.5M+ annual Remitly customers worldwide [1, 2].

Sources

• 1 Remitly — official
• 2 Remitly — Wikipedia
• us-cro In-corpus: reports/countries/US-united-states.md

Source

Biography extracted from remitly-app.md. See matrix.md for standards-support matrix if present.