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.infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">Remitly</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span typeof="mw:File"><a href="/wiki/File:Logo_of_Remitly.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/b/ba/Logo_of_Remitly.png/250px-Logo_of_Remitly.png" decoding="async" width="250" height="69" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/b/ba/Logo_of_Remitly.png/375px-Logo_of_Remitly.png 1.5x, //upload.wikimedia.org/wikipedia/en/b/ba/Logo_of_Remitly.png 2x" data-file-width="421" data-file-height="116" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/Nasdaq" title="Nasdaq">Nasdaq</a>: <a rel="nofollow" class="external text" href="https://www.nasdaq.com/market-activity/stocks/rely">RELY</a><sup id="cite_ref-Nasdaq22_1-0" class="reference"><a href="#cite_note-Nasdaq22-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Financial_services" title="Financial services">Financial services</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">2011<span class="noprint">; 14 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">2011</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Founders</th><td class="infobox-data agent">Matthew Oppenheimer (CEO)<br />Josh Hug (COO)<br />Shivaas Gulati (Head of Engineering)</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/Seattle" title="Seattle">Seattle</a>, <a href="/wiki/United_States" title="United States">United States</a></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data">$944 million (2023)<sup id="cite_ref-RemitlyS-1_2-0" class="reference"><a href="#cite_note-RemitlyS-1-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">2,700 (2023)<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><a rel="nofollow" class="external text" href="https://www.remitly.com//">www.remitly.com</a></td></tr></tbody></table> <p><b>Remitly</b> is an American online <a href="/wiki/Remittance" title="Remittance">remittance</a> service based in <a href="/wiki/Seattle" title="Seattle">Seattle</a>, <a href="/wiki/United_States" title="United States">United States</a> that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the <a href="/wiki/Nasdaq" title="Nasdaq">Nasdaq</a> exchange in September 2021.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Remitly&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Remitly was founded in 2011 as BeamIt Mobile.<sup id="cite_ref-Mashayekhi21_5-0" class="reference"><a href="#cite_note-Mashayekhi21-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-Soper21_6-0" class="reference"><a href="#cite_note-Soper21-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> The company was initially a search engine for <a href="/wiki/Remittance" title="Remittance">remittance</a> services but shifted into money transfers soon after.<sup id="cite_ref-Soper21_6-1" class="reference"><a href="#cite_note-Soper21-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> It changed its name from BeamIt to Remitly in August 2012.<sup id="cite_ref-Cook12_7-0" class="reference"><a href="#cite_note-Cook12-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p><p>In April 2013, Remitly announced that it would allow its users to send free money transfers to the <a href="/wiki/Philippines" title="Philippines">Philippines</a>.<sup id="cite_ref-Cook13_8-0" class="reference"><a href="#cite_note-Cook13-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> This was the first international destination to which the company could deliver money transfers.<sup id="cite_ref-Bishop21_9-0" class="reference"><a href="#cite_note-Bishop21-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> In 2017, the company's services became available in all 50 states in the U.S., with <a href="/wiki/Massachusetts" title="Massachusetts">Massachusetts</a> being the final state that Remitly was allowed to operate in.<sup id="cite_ref-PYMNTS_10-0" class="reference"><a href="#cite_note-PYMNTS-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> By March 2018, Remitly had expanded its services to allow people from the <a href="/wiki/United_States" title="United States">United States</a>, <a href="/wiki/United_Kingdom" title="United Kingdom">United Kingdom</a>, <a href="/wiki/Canada" title="Canada">Canada</a>, and <a href="/wiki/Australia" title="Australia">Australia</a> to send money to the <a href="/wiki/Philippines" title="Philippines">Philippines</a>, <a href="/wiki/India" title="India">India</a>, <a href="/wiki/Mexico" title="Mexico">Mexico</a>, <a href="/wiki/Colombia" title="Colombia">Colombia</a>, <a href="/wiki/Ecuador" title="Ecuador">Ecuador</a>, <a href="/wiki/El_Salvador" title="El Salvador">El Salvador</a>, <a href="/wiki/Guatemala" title="Guatemala">Guatemala</a>, <a href="/wiki/Honduras" title="Honduras">Honduras</a>, <a href="/wiki/Nicaragua" title="Nicaragua">Nicaragua</a>, and <a href="/wiki/Peru" title="Peru">Peru</a>.<sup id="cite_ref-Stewart18_11-0" class="reference"><a href="#cite_note-Stewart18-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p><p>Remitly became publicly traded on the <a href="/wiki/Nasdaq" title="Nasdaq">Nasdaq</a> exchange on September 23, 2021.<sup id="cite_ref-Mashayekhi21_5-1" class="reference"><a href="#cite_note-Mashayekhi21-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-Pasricha21_12-0" class="reference"><a href="#cite_note-Pasricha21-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> The company's <a href="/wiki/Initial_public_offering" title="Initial public offering">initial public offering</a> of seven million shares generated approximately $300 million in new funding.<sup id="cite_ref-Mashayekhi21_5-2" class="reference"><a href="#cite_note-Mashayekhi21-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-Pasricha21_12-1" class="reference"><a href="#cite_note-Pasricha21-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Services">Services</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Remitly&action=edit&section=2" title="Edit section: Services"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Remitly allowed people in 30 countries to carry out transfers of money in approximately 100 currencies to 170 countries, as of July 2024.<sup id="cite_ref-Mashayekhi21_5-3" class="reference"><a href="#cite_note-Mashayekhi21-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-Reuters21_13-0" class="reference"><a href="#cite_note-Reuters21-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> The service operates electronically rather than via physical premises. Recipients in some countries might be able to receive funds via bank deposit, <a href="/wiki/Mobile_money" class="mw-redirect" title="Mobile money">mobile money</a>, and cash pickup. </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Remitly&action=edit&section=3" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-Nasdaq22-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-Nasdaq22_1-0">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.nasdaq.com/market-activity/stocks/rely">"Remitly Global, Inc"</a>. <i>Nasdaq.com</i>. May 16, 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">May 16,</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Nasdaq.com&rft.atitle=Remitly+Global%2C+Inc.&rft.date=2022-05-16&rft_id=https%3A%2F%2Fwww.nasdaq.com%2Fmarket-activity%2Fstocks%2Frely&rfr_id=info%3Asid%2Fen.wikipedia.org%3ARemitly" class="Z3988"></span></span> </li> <li id="cite_note-RemitlyS-1-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-RemitlyS-1_2-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001782170/000178217023000010/rely-20221231.htm">"Form S-1/A Remitly Global Inc"</a>. Remitly<span class="reference-accessdate">. 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