Remitly

Remitly

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Organization

Contact Information

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

Industries

Financial Services, FinTech, Payments

Founded

2011

Employees

1001-5000

Headquarters locations

United States, North America

Social

N/A

Profile Resume

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.

Employees

imagePlace Josh Hug

Josh Hug

Co-Founder & Chief Operating Officer

imagePlace Kevin Beukelman

Kevin Beukelman

Lead Software Engineer, Software Development Manager, Platform Engineering, Payments, Destinations

imagePlace Matthew Oppenheimer

Matthew Oppenheimer

Co-Founder & CEO

imagePlace Brad Friedman

Brad Friedman

Senior Engineering Manager

imagePlace Yair Levin

Yair Levin

Head of Product, Transfer Experience

imagePlace John Scrofano

John Scrofano

Vice President of Passbook

Funding Rounds

Funding rounds

15

Investors

2

Lead Investors

0

Total Funding Amount

$526.7M

Details

10

Remitly has raised a total of $526.7M in funding over 10 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2014Early Stage Venture5.5M
2013Seed2.6M
2012Seed1.6M
2011Seed750.0K

Investors

Remitly is funded by 70 investors.

Investor NameLead InvestorFunding RoundPartners
Alex Algard-FUNDING ROUND - Alex Algard1.6M
Andy Sack-FUNDING ROUND - Andy Sack750.0K
Remitly-FUNDING ROUND - Remitly750.0K
Techstars-FUNDING ROUND - Techstars750.0K

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