- Seattle, WA
- Remitly is a mobile payments service that enables users to make person-to-person international money transfers from the United States.
- Matt / Matthew Oppenheimer, Shivaas Gulati, Josh Hug
- Mobile Payments, Finance, FinTech, 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 $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) - $61.5MUpdate
|Date||Amount / Round||Valuation||Lead Investor||Investors|
|Apr, 2016||$38.5M / Series C||—||Stripes Group||6|
|Mar, 2015||$12.5M / Series B||—||Draper Fisher Jurvetson (DFJ)||4|
|Jan, 2014||$5.5M / Series A||—||QED Investors||6|
|Jan, 2013||$2.6M / Series A||—||—||1|
|Apr, 2012||$1.65M / Seed||—||Founders' Co-op||9|
|Nov, 2011||undisclosed amount / Seed||—||—||1|
|Oct, 2011||$750k / Seed||—||—||1|
Current Team (8)Update
Board Members and Advisors (2)Update
|May 24, 2016||Channel News Asia - Tech - Financial tech startups compete for overlooked US immigrant market|
|Apr 29, 2016||Xconomy - Seattle Week in Review: Mariners Win World Series (of New Ownership)|
|Apr 27, 2016||GeekWire - GeekWire 200: PayScale, Remitly, Arivale and others climb the startup rankings|
|Apr 26, 2016||Venture Beat - Remittance startup Remitly raises $38 million to expand to Canada|
|Apr 26, 2016||TechCrunch - Remitly raises $38.5M more to take on Western Union, passes $1b transferred annually|
|Apr 26, 2016||MobilePayments Today - Remitly raises $38.5M to help global expansion|
|Apr 26, 2016||Xconomy - Money Transfer Service Remitly Raises $38.5M to Expand to New Markets|
|Apr 26, 2016||kplu.org - Seattle-Based Startup Remitly Says It's Raised About $39 Million From Investors|
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.
Pearl Bank Center Building, 7th Floor
146 Valero Stree
1601 2nd Ave.
Seattle, WA 98101