Funding Received
$10.5 Million in 5 Rounds from 11 Investors
Most Recent Funding
$5.5 Million Series A on January 6, 2014
Headquarters:
Seattle, WA
Description:
Remitly is a mobile payments service that enables users to make person-to-person international money transfers from the United States.
Founders:
Shivaas Gulati, Josh Hug, Matt Oppenheimer
Categories:
Finance, Mobile Payments, Mobile
Website:
http://www.remitly.com

Company Details

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Remitly is a mobile payments service that enables consumers to conveniently make person-to-person international money transfers from the United States. Its online service is disrupting the $528 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 21 states and sends millions of dollars to thousands of customers each month. The company is funded by Trilogy Partnership, Founders Co-Op, Bezos Expeditions, and TomorrowVentures. Remitly is headquartered in Seattle, WA with additional offices in the Philippines.

Current Team (4)

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Funding Rounds (5) - $10.5M

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Board Members and Advisors (1)

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Investors (11)

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  • 683ead5fbf6aec89ed30fe5a65584910

    SK Ventures

    An early stage venture capital firm run by Paul Kedrosky and Eric Norlin.
  • Ccc50d7eee6ec77ec8162ddb01771f59

    Founder's Co-op

    Founder's Co-op is a seed-stage investment fund in the Pacific Northwest.
  • B4b311ddd00b3755f8a8935fb3cac67b

    QED Investors

    QED Investors actively supports high-growth businesses that use information to compete — and win.
  • Aedd81d7d0c4e865b4c87143189d9dc1

    TomorrowVentures

    Seed and early-stage VC
  • Tyd2bpo9alshsclbabyv

    Bezos Expeditions

    Bezos Expeditions manages Jeff Bezos' personal venture capital investments.
  • Cfb4d7f6b0677b9856f77db780ada15d

    Trilogy Equity Partners

    Trilogy Equity Partners is a closely-held investment firm based in Bellevue, Washington.
  • Cedbb0156be5c0803c627684e5c125ab

    Techstars

    Techstars offers mentorship-driven seed stage investing for web and software companies.
  • Yyd7gjy4wtedxciwxvfj

    Sujal Patel

    President & CEO @ Isilon Systems

Offices/Locations (2)

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  • Philippines Office

    Pearl Bank Center Building, 7th Floor

    146 Valero Stree

    Makati,

    PHL

  • Headquarters

    1601 2nd Ave.

    Suite 700

    Seattle, WA 98101

    USA

Competitors (3)

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  • S9pnnztguikasfbqk79d

    Xoom Corporation

    Xoom Corporation is a digital money transfer company that allows users to securely transfer money...
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  • 3d5d5afcfe7c64e6e679297faf6e5431

    Western Union

    The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its...

Images (2)

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  • Jbg7c6qnt8xo1jbseutg