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Remitly

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Remitly enables convenient international money transfers from a customer’s mobile phone in the USA to a mobile phone abroad. Remitly is disrupting the international remittance business (e.g. Western Union, Moneygram, etc.) by leveraging mobile wallets to provide a simple, low-cost, and more accessible product. This means changing an industry where $325 billion is transferred globally each year.

Recent Milestones

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• 
  Remitly received $2.6M in Venture Round funding. (1/3/13)
  Posted 1/3/13 at 8:26pm via techcrunch.com
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  Remitly received $1.65M in Seed funding. (4/11/12)
  Posted 4/11/12 at 5:25pm via techcrunch.com
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  Remitly added Chris DeVore as Investor / Board Member. (11/1/11)
  Posted 5/30/12 at 3:54pm
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  Remitly received in Seed funding. (11/1/11)
  Posted 5/20/13 at 6:05am via xconomy.com
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  Remitly received $750k in Seed funding. (10/27/11)
  Posted 10/30/11 at 7:58pm via geekwire.com
• 
  Remitly added Josh Hug as Co-founder & Chief Product Officer. (10/1/11)
  Posted 10/20/11 at 10:44am
• 
  Remitly — joined TechStars Seattle (8/8/11)
  Posted 10/30/11 at 8:10pm via geekwire.com
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  Remitly added Matt Oppenheimer as Co-founder & CEO. (5/1/11)
  Posted 10/20/11 at 10:44am
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  Remitly added Shivaas Gulati as Co-founding Engineer.
  Posted 10/20/11 at 10:44am

Videos

Screenshots

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Sources

1. Seattle startup Beamit beams up $750,000, recruits Amazon employee Josh Hug (geekwire.com) [edit]
2. TechStars Seattle Demos: One Room, 10 Startups, Tons of Potential (xconomy.com) [edit]
3. Mobile Payments Startup Beamit Raises $2.4M From Founder’s Co-op, Jeff Bezos, Eric Schmidt & Others (techcrunch.com) [edit]
4. Remitly, Formerly BeamIt, Raises $2.6M More For International Mobile Money Transfers (techcrunch.com) [edit]
Meet the lucky two percent: A peek at the startups that just entered TechStars Seattle (geekwire.com) [edit]