Overview

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Acquisitions
1 Acquisition
Total Equity Funding
$61.5M in 7 Rounds from 16 Investors
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:
, ,
Categories:
Mobile Payments, Finance, FinTech, Mobile
Website:
http://www.remitly.com
Social:

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 $588 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 49 states and Washington, D.C., and sends millions of dollars to thousands of customers each month. A Techstars company, Remitly is backed by Stripes Group, DFJ, Vulcan Capital, QED, Trilogy Equity Partners, DN Capital, Founders Co-Op, Bezos Expeditions and TomorrowVentures. Remitly is headquartered in Seattle, Washington, with additional offices in the Philippines. For more information on Remitly, please visit www.remitly.com.

Funding Rounds (7) - $61.5M

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DateAmount / RoundValuationLead InvestorInvestors
Apr, 2016$38.5M / Series C6
Mar, 2015$12.5M / Series B4
Jan, 2014$5.5M / Series A6
Jan, 2013$2.6M / Series A1
Apr, 2012$1.65M / Seed9
Nov, 2011undisclosed amount / Seed1
Oct, 2011$750k / Seed1

Acquisitions (1)

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DateAcquiredAmount
Jul 14, 2015Unknown

Current Team (8)

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Board Members and Advisors (2)

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Competitors (3)

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  • MoneyGram is a leading global money transfer and payment services company.
  • Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world.
  • Xoom Corporation is a digital money transfer company that allows users to securely transfer money online.

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

Images (1)

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