Tagged: remitly

Online Money Transfer Service Remitly Announces Expansion of Mobile Wallet Network

Remitly, a U.S.-based online money transfer service for immigrants, announced on Wednesday the expansion of its mobile wallet network, which now reaches over 300 million mobile wallet holders across the globe. According to Remitly, this more than doubling its reach from 160 million earlier this… Read More

U.S. Money Transfer Service Remitly Secures $85 Million Though Latest Funding Round Led By Prosus’ PayU

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

Remitly Raises $85 Million at $1.5 Billion Valuation as Business Booms During COVID

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

U.S. Money Transfer Service Remitly Launches New Mobile Banking Service Designed For Immigrant Communities

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

Online Money Transfer Service Remitly Joins Forces With Alipay to Offer International Remittances

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

U.S.-Based Money Transfer Service Remitly Secures $220 Million in New Financing to Continue International Expansion

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

Remitly Expands International Money Transfer Service to France

U.S.-based independent mobile remittance company Remitly announced on Thursday it has launched its international money transfer service in France. Customers may now access the Remitly service through its mobile app or website and benefit from a variety of secure and convenient money sending and receiving… Read More

Remitly Forms New Partnership With Visa to Enhance Cross-Border Money Transfer Service

U.S.-based independent mobile remittance company Remitly announced on Thursday it has teamed up with Visa to enhance its cross-border money transfer service.  Working together, Remitly and Visa are planning to provide the ability to send funds from the U.S. to eligible Visa debit cards across borders,… Read More

U.S. Digital Remittance Company Remitly Announces European Expansion & Announces Partnership With Stripe

Just one year after launching its service in the UK,  U.S.-based independent mobile remittance company Remitly announced it was continuing its global expansion efforts by launching in Europe. Founded in 2011, Remitly describes itself as an international payments company that leverages digital channels, including mobile… Read More

Largest Independent Digital Remittance company in the US Boosts Transfers to India

Remitly, the largest private digital remittance Fintech HQed in the US, has boosted its money transfer service to India. The update moves its daily sending limit to $30,000 on money sent to India from the United States. Remittance payments around the world have become a… Read More

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