Archives

July 29, 2020 @ 9:59 am By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service, announced on Wednesday it secured $85 million through its latest investment round, which was led by Prosus’s PayU, at a $1.5 billion valuation. Generation Investment Management, Owl Rock Capital, Stripes, DN Capital, Top Tier, Princeville Global, and Threshold… Read More

July 29, 2020 @ 8:26 am By JD Alois  |  

Remitly, a Fintech providing transfers targeting the immigrant community, has raised $85 million at a $1.5 billion valuation. Remitly said its business is booming during the COVID-19 pandemic. FT Partners served as the financial advisor to Remitly on this transaction with existing investor PayU leading… Read More

February 3, 2020 @ 11:30 am By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service, announced on Monday it has launched a new mobile banking service called Passbook by Remitly specifically for the immigrant community. According to Remitly, the service offers an app-based account that charges no monthly fees, ATM fees, overdraft charges or… Read More

January 27, 2020 @ 12:16 pm By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service, announced on Monday it has teamed up with Alipay to enable Remitly customers to send money from their smartphone or computer, and for funds to be received within the Alipay app. The company is claiming to be the… Read More

July 10, 2019 @ 8:02 am By Samantha Hurst  |  

U.S.-based independent mobile remittance company Remitly announced on Wednesday it secured $220 million in new financing to continue its international expansion. Remitly reported that the funding includes $135 million Series E equity and $85 million syndicated debt financing. The equity component is led by Generation… Read More

September 30, 2016 @ 11:55 am By Erin Hobey  |  

Remitly, an independent mobile remittance company in the US, announced its receipt of  $38 million in new equity and debt financing from IFC, a member of the World Bank Group, and Silicon Valley Bank. The financing will aid in the company’s expansion to deliver international fund transfers… Read More