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Overview
Remitly is a mobile payment service that enables consumers to conveniently make person-to-person international money transfers from the United States. Its online service is disrupting the $588 billion a year industry by using the latest technology and mobile devices to eliminate unnecessary forms, codes, agents, extra time, and fees tied to the traditional money transfer process.
As a licensed money transmitter, Remitly currently operates in 49 states and Washington, D.C., and spends millions of dollars to thousands of customers each month. Remitly is backed by Stripes Group, DFJ, Vulcan Capital, QED, Trilogy Equity Partners, DN Capital, Founders Co-Op, Bezos Expeditions, and TomorrowVentures.
About
Financial Services, FinTech, Payments
2011
1001-5000
Headquarters locations
United States, North America
Social
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Remitly headquartered in United States, North America, operates in the Financial Services, FinTech, Payments sector. The company focuses on Financial Services and has secured $94.8B in funding across 180 round(s). With a team of 1001-5000 employees, Remitly is actively contributing to advancements in Financial Services. Their latest funding round, Seed Round - Remitly, raised $750.0K. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
15
2
0
$526.7M
Details
10
Remitly has raised a total of $526.7M in funding over 10 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2014 | Early Stage Venture | 5.5M | ||
2013 | Seed | 2.6M | ||
2012 | Seed | 1.6M | ||
2011 | Seed | 750.0K |
Investors
Remitly is funded by 70 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Alex Algard | - | FUNDING ROUND - Alex Algard | 1.6M |
Andy Sack | - | FUNDING ROUND - Andy Sack | 750.0K |
Remitly | - | FUNDING ROUND - Remitly | 750.0K |
Techstars | - | FUNDING ROUND - Techstars | 750.0K |
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