# Remitly Global, Inc.

Summary updated: 2026-10-02T13:22:47.359565Z
Canonical: https://finbar.com/research/companies/remitly-global-inc

## Overview

Remitly Global, Inc. is a digital financial-services company whose core business is international money transfers. Customers use its app, website, or messaging services to send funds across borders, with recipients able to receive them through options including bank accounts, cash pickup, and mobile wallets. The company also offers adjacent services such as Remitly Flex and Remitly Wallet and Card. [1](https://app.finbar.com/go?id=P100950705)[2](https://app.finbar.com/go?id=P91203649)[3](https://app.finbar.com/go?id=P93304168)[4](https://app.finbar.com/go?id=P45374251)

Remitly serves customers and recipients in more than 175 countries and territories, with a network spanning more than 5,300 sending and receiving corridors. Founded in 2011, the company describes its vision as transforming lives with trusted financial services that transcend borders. [5](https://app.finbar.com/go?id=P58181004)[6](https://app.finbar.com/go?id=P47090001)[7](https://www.remitly.com/us/en/home/about)[8](https://www.remitly.com/us/en/home/values) For the year ended December 31, 2025, Remitly reported revenue of $1.635 billion; it had more than 3,200 full-time-equivalent employees at year-end. [9](https://app.finbar.com/go?id=P8606812)[10](https://app.finbar.com/go?id=P27350333)
[1](https://app.finbar.com/go?id=P100950705)[2](https://app.finbar.com/go?id=P91203649)[3](https://app.finbar.com/go?id=P93304168)[4](https://app.finbar.com/go?id=P45374251)[5](https://app.finbar.com/go?id=P58181004)[6](https://app.finbar.com/go?id=P47090001)[7](https://www.remitly.com/us/en/home/about)[8](https://www.remitly.com/us/en/home/values)[9](https://app.finbar.com/go?id=P8606812)[10](https://app.finbar.com/go?id=P27350333)[7](https://www.remitly.com/us/en/home/about)[8](https://www.remitly.com/us/en/home/values)

## Products & services

Remitly’s core product is a digital cross-border money-transfer service. Customers can fund transfers using a bank account, card, or alternative payment method, and recipients can receive money in bank accounts, mobile wallets, or cash at pickup locations. The company’s network supported delivery to more than 5.8 billion bank accounts and mobile wallets and approximately 490,000 cash-pickup locations as of its second-quarter 2026 filing; delivery can occur within minutes or seconds in some cases. [11](https://app.finbar.com/go?id=P147170179)[12](https://app.finbar.com/go?id=P147170365)[13](https://app.finbar.com/go?id=P147170367)

Additional offerings include Remitly Flex, which advances a transfer for repayment later without interest—generally within 30 days, or up to 90 days for customers enrolled in a monthly subscription-fee program—and Remitly Wallet, for digitally storing and saving money. Remitly also describes a digital debit Card for spending funds globally, alongside membership and loyalty programs. [3](https://app.finbar.com/go?id=P93304168)[14](https://app.finbar.com/go?id=P45709830)

The service is supported by a technology platform using shared services, modular components, real-time data, and advanced data and AI models; the company also describes transaction-level compliance and risk assessment tools. Remitly reports global money movement as its primary revenue source, but does not disclose revenue or performance percentages separately for Flex, Wallet, Card, or loyalty programs. [15](https://app.finbar.com/go?id=P18914826)[16](https://app.finbar.com/go?id=P147170181)[17](https://app.finbar.com/go?id=P147170374)[18](https://app.finbar.com/go?id=P18005036)[19](https://app.finbar.com/go?id=P147170423)
[11](https://app.finbar.com/go?id=P147170179)[12](https://app.finbar.com/go?id=P147170365)[13](https://app.finbar.com/go?id=P147170367)[3](https://app.finbar.com/go?id=P93304168)[14](https://app.finbar.com/go?id=P45709830)[15](https://app.finbar.com/go?id=P18914826)[16](https://app.finbar.com/go?id=P147170181)[17](https://app.finbar.com/go?id=P147170374)[18](https://app.finbar.com/go?id=P18005036)[19](https://app.finbar.com/go?id=P147170423)

## Geographic presence

Remitly’s customers primarily send money from the United States, Canada, the United Kingdom, and other European countries. Its customers and their recipients are located in more than 175 countries and territories; India, Mexico, and the Philippines are its largest receiving countries by send volume. [20](https://app.finbar.com/go?id=P147170392)

For the six months ended June 30, 2026, revenue was attributed to the sending customer’s country: $634.6 million from the United States (about 67.0%), $86.2 million from Canada (about 9.1%), and $227.1 million from the rest of the world (about 24.0%), out of $948.0 million total. [21](https://app.finbar.com/go?id=P147170192) Remitly is headquartered in Seattle, Washington, and its listed office locations include Seattle, Vancouver, Dublin, Kraków, and Manila. [22](https://app.finbar.com/go?id=P100384923)[23](https://careers.remitly.com/locations/) As of December 31, 2025, it had more than 3,200 full-time-equivalent employees working from global offices or remotely; the company does not disclose employee distribution by country in the cited filing. [24](https://www.sec.gov/Archives/edgar/data/1782170/000162828026009038/rely-20251231.htm)
[20](https://app.finbar.com/go?id=P147170392)[21](https://app.finbar.com/go?id=P147170192)[22](https://app.finbar.com/go?id=P100384923)[23](https://careers.remitly.com/locations/)[24](https://www.sec.gov/Archives/edgar/data/1782170/000162828026009038/rely-20251231.htm)

## Business segments

Remitly reports one operating segment and does not assign it a distinct formal name. Management reviews results on a consolidated basis; the segment’s primary profitability measure is net income (loss). The company’s business and product descriptions are not separately reported segments. [25](https://app.finbar.com/go?id=P72578433)[26](https://app.finbar.com/go?id=P121439099)[27](https://app.finbar.com/go?id=P147170333)[28](https://app.finbar.com/go?id=P147170335)

The single segment accounts for 100% of consolidated revenue: FY2025 revenue was $1.635 billion. The global money movement product represents a “substantial majority” of revenue, but Remitly does not disclose a precise product-level percentage. [29](https://app.finbar.com/go?id=T5175940)[30](https://app.finbar.com/go?id=P3156735)

Remitly discusses revenue by geographic location, but these geographies are not separate operating segments, and the available disclosures do not support calculating their revenue contributions. [25](https://app.finbar.com/go?id=P72578433)
[25](https://app.finbar.com/go?id=P72578433)[26](https://app.finbar.com/go?id=P121439099)[27](https://app.finbar.com/go?id=P147170333)[28](https://app.finbar.com/go?id=P147170335)[29](https://app.finbar.com/go?id=T5175940)[30](https://app.finbar.com/go?id=P3156735)

## Company history

Remitly was founded in 2011 by Matt Oppenheimer, Josh Hug, and Shivaas Gulati, with its initial money-transfer service focused on the U.S.–Philippines corridor. [31](https://www.remitly.com/blog/news/the-start-of-remitly/)[32](https://app.finbar.com/go?id=P165311214)[33](https://app.finbar.com/go?id=P165311215) In 2016, Hug became chief operating officer after serving as chief product officer; Oppenheimer remained chief executive. [32](https://app.finbar.com/go?id=P165311214)[33](https://app.finbar.com/go?id=P165311215)

In February 2020, Remitly launched Passbook, a mobile banking service for immigrants, extending its offering beyond money transfers. [34](https://app.finbar.com/go?id=P165309829) The company priced its initial public offering in September 2021 and began trading on Nasdaq under the symbol RELY. [35](https://www.nasdaq.com/press-release/remitly-announces-pricing-of-initial-public-offering-2021-09-22) On January 5, 2023, it completed its acquisition of Rewire, expanding into complementary geographies and products. [36](https://ir.remitly.com/static-files/6f0b0723-7884-4f96-a647-ea3239dfe887)

In 2025, Remitly introduced Remitly One, a broader financial-services offering incorporating products including Flex, Wallet, and Cards. [37](https://news.remitly.com/company-and-product-news/everything-we-announced-at-remitly-reimagine/) In August 2026, it announced Brazil as its first send country in South America. [38](https://news.remitly.com/company-and-product-news/remitly-launches-brazil-as-our-first-send-country-in-south-america/)
[32](https://app.finbar.com/go?id=P165311214)[33](https://app.finbar.com/go?id=P165311215)[34](https://app.finbar.com/go?id=P165309829)[31](https://www.remitly.com/blog/news/the-start-of-remitly/)[35](https://www.nasdaq.com/press-release/remitly-announces-pricing-of-initial-public-offering-2021-09-22)[36](https://ir.remitly.com/static-files/6f0b0723-7884-4f96-a647-ea3239dfe887)[37](https://news.remitly.com/company-and-product-news/everything-we-announced-at-remitly-reimagine/)[38](https://news.remitly.com/company-and-product-news/remitly-launches-brazil-as-our-first-send-country-in-south-america/)

## Sources

1. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P100950705)
2. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P91203649)
3. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P93304168)
4. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P45374251)
5. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P58181004)
6. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P47090001)
7. [www.remitly.com](https://www.remitly.com/us/en/home/about)
8. [www.remitly.com](https://www.remitly.com/us/en/home/values)
9. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P8606812)
10. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P27350333)
11. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170179)
12. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170365)
13. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170367)
14. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P45709830)
15. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P18914826)
16. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170181)
17. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170374)
18. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P18005036)
19. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170423)
20. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170392)
21. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170192)
22. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P100384923)
23. [careers.remitly.com](https://careers.remitly.com/locations/)
24. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1782170/000162828026009038/rely-20251231.htm)
25. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P72578433)
26. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P121439099)
27. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170333)
28. [Remitly Global, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147170335)
29. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T5175940)
30. [Remitly Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P3156735)
31. [www.remitly.com](https://www.remitly.com/blog/news/the-start-of-remitly/)
32. [Remitly Global, Inc. — Ipo (2021 O)](https://app.finbar.com/go?id=P165311214)
33. [Remitly Global, Inc. — Ipo (2021 O)](https://app.finbar.com/go?id=P165311215)
34. [Remitly Global, Inc. — Ipo (2021 O)](https://app.finbar.com/go?id=P165309829)
35. [www.nasdaq.com](https://www.nasdaq.com/press-release/remitly-announces-pricing-of-initial-public-offering-2021-09-22)
36. [ir.remitly.com](https://ir.remitly.com/static-files/6f0b0723-7884-4f96-a647-ea3239dfe887)
37. [news.remitly.com](https://news.remitly.com/company-and-product-news/everything-we-announced-at-remitly-reimagine/)
38. [news.remitly.com](https://news.remitly.com/company-and-product-news/remitly-launches-brazil-as-our-first-send-country-in-south-america/)

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