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Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Seattle, Washington
Founded
2011
Remitly focuses on international money transfers, primarily for immigrants and their families, allowing them to send money quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Remitly enhances user experience through its website and mobile app, providing real-time tracking and promotions to attract customers. It also engages with immigrant communities by offering financial resources and supporting educational initiatives, setting itself apart by addressing the specific needs of its users.
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Total Funding
$820.8M
Above
Industry Average
Funded Over
10 Rounds
Continuing Education or Travel Stipend
Office Culture
Flexible PTO, Schedules and Leaves
DEI Learning Opportunities
Community Engagement
Inclusive Benefits
Monoova, a leading provider of B2B payments solutions, has partnered with digital financial services provider Remitly Global to enable faster and more affordable international money transfers from Australia through PayTo – Australia’s new real-time payment system.Through Monoova’s cutting-edge PayTo integration, combined with Remitly’s strong and expansive distribution network, Remitly customers in Australia can send funds to the Philippines, India, Pakistan, and Nepal typically within minutes – and in some cases, nearly instantly.Australia’s personal outbound remittance market was valued at AUD $15.2 billion in 2023, according to the World Bank. In 2024, Research and Markets projected remittances to grow to AUD $28.9 billion by 2028. Globally, the personal remittance market is expected to reach USD $1,329.9 billion by 2032 according to Allied Market Research.Remittance payments play a vital role in recipient economies – driving local consumption, supporting savings, strengthening financial systems, and enabling access to microfinance for individuals and small businesses. Beyond the economic impact, these funds help build stronger communities by supporting education, healthcare, housing, and other essential services.Kym Whitford, Head of Asia Pacific at Remitly, said, “At Remitly, we’re committed to transforming lives through trusted cross-border financial services. Integrating Monoova’s real-time PayTo system enhances the way our customers in Australia send money, providing a great option for fast, reliable, and affordable transfers. This is another exciting step forward in keeping them connected, no matter the distance.”Christian Westerlind Wigstrom, Co-Founder and CEO of Monoova, said, “We are observing increased demand for instant and reliable payments options across a rapidly growing range of use cases, including international funds transfers
Generative artificial intelligence (GenAI) and agentic models are revolutionizing financial services, transforming user experience, fraud detection, payments innovation and compliance processes, according to John Kain, head of financial services market development at Amazon Web Services (AWS). “AI has been such an integral part of how the industry has modernized over the last decade. It really is in every part of the financial services value chain,” the former JPMorgan executive said in an interview with PYMNTS. “What’s dramatically changed in the last two years is the impact of generative AI on all those processes.”. Kain sees three overarching trends across banking, capital markets, insurance and payments:End-to-end user experience: AI enables seamless onboarding, product recommendations, servicing and back-end processing. It is also powering hyper-personalized experiences, enabling firms to tailor offers, advice and communications in real-time based on user data and behavior
Global financial messaging network Swift said earlier this year that it was working with 25 financial institutions (FIs) and application providers on a “proof of value” initiative focused on improving front-end interactions, where the lower-end value transactions (defined as payments below the $100,000 threshold) is worth as much as $12 million. Andy Elliott, vice president of strategy at EvonSys, and Costa Hagidimitriou, senior manager at the National Bank of Canada, told PYMNTS that the drive to integrate Swift services into their front-end channels — through websites and apps — can help traditional FIs compete directly with the digital upstarts, especially in cross-border remittances. Banks may dominate commercial cross-border payments, said the duo, but there’s still opportunity for innovation
A new breed of autonomous artificial intelligence called agents is taking over customer service and operations at major companies, making decisions that, until recently, required human managers. The shift marks a turning point in enterprise automation as companies move beyond basic chatbots to deploy sophisticated AI agents that can navigate complex business processes independently. Commerce.AI’s latest offering exemplifies this trend, with AI systems increasingly trusted to handle sensitive customer interactions and operational decisions that shape company performance. Commerce.AI launched auto-AGENTS, an AI system that autonomously handles business interactions across voice, chat and text channels. The system includes specialized AI agents for tasks like data retrieval, sentiment tracking and post-call automation, aiming to boost enterprise efficiency while allowing human agents to focus on high-value work
BURLINGAME, Calif., Aug. 27, 2024 /PRNewswire/ -- unitQ, the leading AI-powered customer feedback platform empowering organizations to take a customer-centric, real-time data-driven approach to craft high quality products, services and experiences, announced today the 50 winners of the unitQ 2024 Summer Quality Excellence Awards.These awards celebrate and recognize companies that have shown exceptional commitment to delivering consistently high-quality products and services, and have earned overwhelmingly positive user feedback.Recognizing companies delivering quality products and services, and have earned overwhelmingly positive user feedback Post thisThe winners are setting new benchmarks for excellence in their respective sectors, demonstrating unparalleled dedication to the customer experience. These awards represent a commitment from product, engineering and support teams to foster a culture of continuous improvement backed by high user satisfaction."The dedication and effort these companies have shown in upholding superior quality across their offerings and client interactions is remarkable and deserves recognition with the unitQ Quality Excellence Award," said Christian Wiklund, unitQ CEO. "We are proud to honor these organizations for their unwavering commitment to excellence."The unitQ 2024 Summer Quality Excellence Awards, released today, are grounded on the comprehensive AI analysis provided by unitQ's customer feedback software. unitQ's proprietary AI and ML algorithms translated, categorized and summarized 40,040,889 pieces of publicly available Google Play Store and Apple App Store user reviews for 7,850 top Android and iOS top mobile applications, surfacing:Top Quality IssuesTop feature requestsTrending 4-start reviews on brink of a 5-star reviewTop 50 apps driving quality excellenceRecipients were among those companies that received a Good to Epic unitQ Score. The unitQ Score is unitQ's unbiased and proprietary machine-generated metric that represents the percentage of a company's users reporting a frictionless experience with their product or service
$137.3k - $204k/yr
Seattle, WA, USA
$116k - $145k/yr
Surrey, BC, Canada
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Product
12 Open Roles
Growth & Marketing
7 Open Roles
Finance & Banking
6 Open Roles
Business & Strategy
5 Open Roles
Sales & Account Management
5 Open Roles
Accounting
4 Open Roles
Operations & Logistics
3 Open Roles
Consulting
1 Open Roles
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Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Seattle, Washington
Founded
2011
$120k - $140k/yr
Surrey, BC, Canada
$137.3k - $204k/yr
Seattle, WA, USA
$116k - $145k/yr
Surrey, BC, Canada
Find jobs on Simplify and start your career today
Product
12 Open Roles
Growth & Marketing
7 Open Roles
Finance & Banking
6 Open Roles
Business & Strategy
5 Open Roles
Sales & Account Management
5 Open Roles
Accounting
4 Open Roles
Operations & Logistics
3 Open Roles
Consulting
1 Open Roles
Discover companies similar to Remitly