Remitly Global, Inc.

Remitly Global, Inc. is a U.S.-based digital financial services company focused on cross-border money movement. Its platform enables consumers and businesses to send funds across international corridors through mobile and online channels, supported by a network of funding and disbursement partners in more than 175 countries.

6,3 %

4,2 %

+29,4 %

3.30

3.30

— Remitly Global, Inc.
%
Consumer remittances80% Digital money transfers used by individuals to send funds across borders.
Business cross-border payments10% Payments used by small and mid-sized businesses to pay people and counterparties abroad.
High-amount sender services5% Transfer services tailored to customers sending larger-value transactions.
Receiver and payout services5% Disbursement options that let recipients receive funds into bank, wallet, or cash channels.

Remitly serves consumers who send money across borders, especially people making recurring transfers to family and...

  • Consumer remittance sendersprimary

    Individuals sending recurring cross-border payments to family and friends.

  • High-amount senderssecondary

    Customers sending larger-value transfers that expand average transaction size.

  • Small- to mid-sized businessessecondary

    Businesses using the platform to pay contractors, vendors, and employees abroad.

  • Recipientsprimary

    People receiving funds through bank deposit, mobile wallet, or cash pickup.

Remitly operates across a global network spanning more than 175 countries and over 5,300 send-receive corridors...

  • •Operations span more than 175 countries
  • •Network covers more than 5,300 send-receive corridors
  • •Cross-border model depends on local funding and payout partners
  • •U.S. is the corporate base and a key send market
  • •International corridors create FX and regulatory complexity

Remitly’s strategy centers on trust, network depth, and scale to win repeat usage in cross-border payments...

01
Expand corridor and partner networkmedium-term

More send and receive options increase utility, reach, and repeat usage.

02
Broaden product and customer mixmedium-term

Serving businesses and high-amount senders diversifies use cases beyond core remittances.

03
Strengthen trust and customer experienceshort-term

Reliability and simplicity drive retention in a highly competitive market.

Remitly faces intense competition in digital remittances and broader cross-border payments, where pricing, trust, and...

high

Intense competition in cross-border payments

Customers can switch based on price, speed, trust, and payout options.

Scope
Core remittance and adjacent payment products
Materiality
high
high

Third-party dependency

Payment processing, disbursement, customer support, and cloud services are partly outsourced.

Scope
Transaction execution and service continuity
Materiality
high
high

Cybersecurity and outages

A digital money-movement platform depends on secure, always-on operations.

Scope
Platform trust, customer retention, and regulatory scrutiny
Materiality
high
high

Regulatory and licensing constraints

Cross-border payments require compliance with local rules and capital/liquidity requirements.

Scope
International expansion and fund repatriation
Materiality
high
medium

Foreign exchange volatility

Revenue and costs are exposed to many currencies across global corridors.

Scope
FX spreads, settlement economics, and operating results
Materiality
medium
Revenue recognition timing
Quarter-to-quarter comparability
Customer funds and settlement liabilities
Cash flow and liquidity presentation
Goodwill impairment
Potential non-cash impairment charges
Foreign exchange measurement
Reported revenue, expenses, and balance sheet values

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: 29/04/2026