Remitly Global, Inc.

Remitly, founded in 2011, is a provider of financial services that operate across international borders. The company has built a global money movement platform with a footprint spanning more than 175 countries. Remitly serves more than 9.3 million quarterly active users worldwide and operates across more than 5,300 corridors. While primarily known as a remittance company, Remitly is evolving into a diversified, cross-border financial services provider for both consumers and businesses, serving a growing set of use cases. This expansion includes serving new customer categories such as high-amount senders, businesses, and receivers, and introducing new products. The company's strategy is based on three core strengths: Trust, built through reliability, fairness, and security; Network, which contributes to fast, reliable, and affordable service; and Scale, enabling lower unit costs, competitive pricing, and reinvestment. The substantial majority of Remitly's revenue is currently generated from its global money movement product, where revenue comes from transaction fees charged to customers and foreign exchange spreads applied to the amount being sent.