Company Remitly Global, Inc.

Equities

RELY

US75960P1049

Business Support Services

Market Closed - Nasdaq 04:00:00 2024-04-22 pm EDT 5-day change 1st Jan Change
18.4 USD -0.59% Intraday chart for Remitly Global, Inc. -0.65% -5.25%

Business Summary

Remitly Global, Inc. is a digital financial services provider for immigrants and their families in over 170 countries around the world. The Company helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. The Company’s technology platform is purpose-built to localized consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The Company provides a digital cross-border remittance product that is accessible via its mobile app or the Web. It offers a mobile-centric suite of products, global network, localization expertise at scale and data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. Its global network of funding and disbursement partnerships enables it to complete money transfers in over 5,000 corridors without the need to deploy local operations in each country.

Number of employees: 2,700

Sales per Business

USD in Million2022Weight2023Weight Delta
Digital Financial Services
100.0 %
654 100.0 % 944 100.0 % +44.48%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
66.9 %
473 72.3 % 632 66.9 % +33.63%
Rest of World
21.1 %
101 15.4 % 199 21.1 % +97.91%
Canada
12.0 %
80 12.3 % 113 12.0 % +41.39%

Managers

Managers TitleAgeSince
Chief Executive Officer 41 18-10-02
Founder 45 16-09-30
Director of Finance/CFO 55 22-07-17
Chief Tech/Sci/R&D Officer - 22-02-27
Investor Relations Contact - 21-09-30
Comptroller/Controller/Auditor - 23-04-30
Sales & Marketing - 17-12-31
Corporate Officer/Principal 65 19-04-30
General Counsel 47 20-11-30

Members of the board

Members of the board TitleAgeSince
Director/Board Member 60 21-04-30
Director/Board Member 65 21-06-30
Director/Board Member 72 23-04-05
Director/Board Member 50 23-04-05
Founder 45 16-09-30
Chief Executive Officer 41 18-10-02
Director/Board Member 53 17-09-30
Director/Board Member 74 16-11-30
Director/Board Member 51 20-10-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 188,505,173 174,092,245 ( 92.35 %) 0 92.35 %

Shareholders

NameEquities%Valuation
37,341,745 19.81 % 774 M $
Vanguard Fiduciary Trust Co.
6.892 %
12,990,903 6.892 % 269 M $
Baillie Gifford & Co.
5.905 %
11,131,233 5.905 % 231 M $
BlackRock Advisors LLC
4.851 %
9,143,548 4.851 % 190 M $
JPMorgan Investment Management, Inc.
4.706 %
8,871,802 4.706 % 184 M $
Generation Investment Management LLP
4.081 %
7,692,320 4.081 % 160 M $
Wellington Management Co. LLP
2.736 %
5,157,506 2.736 % 107 M $
4,678,021 2.482 % 97 M $
Fidelity Management & Research Co. LLC
2.458 %
4,634,021 2.458 % 96 M $
Joshua Hug
2.214 %
4,173,631 2.214 % 87 M $

Company contact information

Remitly Global, Inc.

1111 Third Avenue Suite 2100

98101, Seattle

+

http://www.remitly.com
address Remitly Global, Inc.(RELY)

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
18.4 USD
Average target price
28.11 USD
Spread / Average Target
+52.78%
Consensus
1st Jan change Capi.
-5.25% 3.47B
+12.01% 87.61B
+2.90% 66.52B
-7.43% 44.49B
-2.18% 31.69B
+6.47% 21.62B
-17.09% 11.9B
-8.35% 10.13B
+18.55% 9.63B
-26.09% 7.64B
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