- Funding Received
- $10.5 Million in 5 Rounds from 11 Investors
- Most Recent Funding
- $5.5 Million Series A on January 6, 2014
- May 23, 2011
- Seattle, WA
- Remitly is a mobile payments service that enables users to make person-to-person international money transfers from the United States.
- Shivaas Gulati, Josh Hug, Matt Oppenheimer
- Finance, Mobile Payments, Mobile
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)Update
Funding Rounds (5) - $5.5MUpdate
An early stage venture capital firm run by Paul Kedrosky and Eric Norlin.
Founder's Co-op is a seed-stage investment fund in the Pacific Northwest.
QED Investors actively supports high-growth businesses that use information to compete — and win.
Seed and early-stage VC
Bezos Expeditions manages Jeff Bezos' personal venture capital investments.
Trilogy Partnership is a financial organization formed by John W. Stanton and investing in...
Techstars offers mentorship-driven seed stage investing for web and software companies.
Pearl Bank Center Building, 7th Floor
146 Valero Stree
1601 2nd Ave.
Seattle, WA 98101
- 01/07/13 -techcrunch.com