Remitly - News, Articles & Research

Visa invests in Remitly

Visa has made a "sizeable" equity investment in Remitly to help the digital remittance outfit expand its network in emerging markets.

11 May 2021

News/payments

Remitly eyes IPO at $5bn valuation - Reuters

Digital remittance outfit Remitly has hired investment banks to lay the ground for an initial public offering at a $5 billion valuation, according to Reuters.

06 May 2021

Company announcement/inclusion

Digital platform for immigrants moves into financial services

Homeis, the first digital platform for immigrant communities around the world, today announces it has reached one million registered members.

15 December 2020

News/inclusion

Remitly raises $85m at $1.5bn valuation

Digital remittance outfit Remitly has raised $85 million at a $1.5 billion valuation in a funding round led by existing investor Prosus’s PayU.

29 July 2020

Company announcement/inclusion

Remitly adds 'Cash Deposit' feature for Passbook customers

Remitly, the largest independent digital remittance company in North America, today announced a partnership with financial technology leader and bank holding company Green Dot Corporation to launch Cash Deposit, a new feature for Passbook by Remitly.

27 May 2020

News

Remitly launches bank account for immigrants in the US

Digital remittance outfit Remitly is entering the banking business, launching an online account for US-based immigrants.

03 February 2020

Company announcement/payments

Remitly picks up $220 million in financing

Remitly, the online international money transfer service, is announcing $220 million of new financing, helping to expand its customer base worldwide.

10 July 2019

Company announcement/payments

Remitly doubles cash pick-up locations with Ria partnership

Today, Remitly, the largest independent digital remittance company in North America, and Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT) and a global leader in money transfers, announced a new partnership that doubles the Remitly global cash pick-up network, adding over 73,000 more locations to the 44 recipient countries Remitly serves around the world.

30 April 2019

News/payments

Remitly taps Visa to let users send cross-border payments to debit cards

US mobile money transfer outfit Remitly has teamed up with Visa to let Americans send funds to debit cards across borders.

28 March 2019

Company announcement/payments

Onfido scores ID verification contract with Remitly

Identity verification specialist Onfido today announces that it has partnered with leading global remittance platform, Remitly.

28 September 2018

Company announcement

Remitly expands to new European countries

Remitly, the largest independent digital remittance company in North America, today announced its expansion to 11 new send countries across Europe giving millions of customers access to a modern and convenient remittance experience.

12 September 2018

News

Remitly closes in on $115m funding round

US mobile money transfer outfit Remitly says it has agreed to raise up to $115 million in a Series D funding round led by PayU, the fintech investment unit of Naspers.

31 October 2017