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Send money online for what matters most

Send money online for what matters most

Remitly is an international payments company that leverages digital channels, including mobile phones, to send money internationally. Remitly's digital products are fundamentally faster, less expensive, and far more convenient for customers to send money across borders.

We’re here to help the millions of immigrants around the world who make the huge sacrifice of leaving their families behind to live and work in another country. These unsung heroes deliver on their promises to take care of those they love and provide them with upward mobility, improving their quality of life. We work hard to help their hard-earned money stretch farther so more make it to their loved ones safely.
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Latest Stories and News

Next billion-dollar startups 2019

  • Forbes
  • 10 months ago

Each year for the past five, Forbes has searched the country for the 25 fast-growing, venture-backed startups most likely to reach $1 billion in value. Graduates include: food delivery service DoorDash, home seller Opendoor, luggage brand Away and synthetic biology company Ginkgo Bioworks.

This year, with the help of TrueBridge Capital Partners, they scoured the country again for budding unicorns. Here is the next billion-dollar startup list of 2019.

Next billion-dollar startups 2019

Remitly raises $220M to expand from money transfers to financial services, now at $900M+ valuation

  • TechCrunch
  • 11 months ago

When it comes to financial services in emerging markets, remittances - people sending money to each other across international borders, often not to established bank accounts continues to be one of the biggest, with the World Bank estimating that $529 billion was sent in and out of lower-income countries in 2018, up 9% over 2017. And today, Remitly, one of the bigger startups providing these services, is announcing that it has raised $220 million in funding to ride that wave.

The money is coming in the form of equity and debt, specifically a $135 million Series E led by Generation Investment Management, and $85 million in debt from Barclays, Bridge Bank, Goldman Sachs, and Silicon Valley Bank.

With the equity portion, Remitly’s valuation is now close to $1 billion (specifically between $950 million and $1 billion), sources close to the company say.

Remitly raises $220M to expand from money transfers to financial services, now at $900M+ valuation

Shivaas Gulati

Avatar for Shivaas Gulati
Co-founder @Remitly, @CarnegieMellon grad, hands on guy with a Do-it attitude!

Josh Hug

Avatar for Josh Hug
Founder @Remitly, @Shelfari • Worked at @Amazon, @Realnetworks

Matt Oppenheimer

Avatar for Matt Oppenheimer
Total raised

$420.1M

Funded over

8 rounds

Latest round

Series E (Jun 2019)

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Flexible pto

Fully stocked kitchen

Commuter benefits

Company-wide volunteering

Open, collaborative office

+1 more