Remitly Global : Statement on Silicon Valley Bank (SVB)
March 10, 2023 at 04:49 pm EST
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SEATTLE / March 10, 2023 / Remitly Global, Inc. (NASDAQ: RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, provided the following statement on Silicon Valley Bank (SVB). We are aware of and continuing to monitor the situation with Silicon Valley Bank (SVB).
We have relationships with multiple banks and have no material exposure to SVB. We are continuing to operate our business and serve our customers as normal.
About Remitly
Remitly is a leading digital financial services provider for immigrants and their families in over 170 countries around the world. Remitly helps immigrants send money home in a safe, reliable and transparent manner. Its digitally native, cross-border remittance app eliminates the long wait times, complexities and fees typical of traditional remittance processes. Building on its strong foundation, Remitly is expanding its suite of products to further its mission and transform financial services for immigrants all around the world.
Investor Relations Contact:
Stephen Shulstein
Vice President of Investor Relations
stephens@remitly.com
Media Contact:
Kendall Sadler
kendalls@remitly.com
Remitly Global Inc. published this content on 10 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2023 21:47:56 UTC.
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 Companyâs 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.
REMITLY GLOBAL, INC. 
