Remitly focuses on international money transfers, helping immigrants send money to their families 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, allowing real-time tracking of transfers, and engages with immigrant communities by providing helpful resources and educational support. Its goal is to meet the unique needs of immigrants while ensuring fast, affordable, and reliable money transfer services.

Cercano Management

Stripes

Threshold Ventures

Bezos Expeditions

TomorrowVentures

Trilogy Equity Partners

QED Investors

DN Capital

Sujal Patel

Founders Co-Op

Geoff Entress

Chase Franklin

Bridge Bank

Barclays

Silicon Valley Bank

Goldman Sachs

PayU

International Finance Corporation

Generation Investment Management

TTCP

Princeville Global

Blue Owl Capital

Prudential Financial

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Top Tier Capital Partners

Fintech

Financial Services

Remitly

SEATTLE, May 07, 2024 (GLOBE NEWSWIRE) - Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of Ronit Peled as Chief People Officer.

Remitly Appoints Ronit Peled as Chief People Officer

A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to report earnings — so, perhaps, let’s call this an anticipatory rally. Katapult, the lease-to-own platform, saw its shares leap 49.7% through the past five sessions. The company filed its 10-K with the Securities and Exchange Commission (SEC), and as a result has regained compliance with NASDAQ listing requirements

Platforms Rally To Push Fintech Ipo Index 3% Higher

LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, Inc. ("Remitly" or "the Company") (NASDAQ: RELY) for violations of the securities laws.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Remitly Global, Inc. and Encourages Investors to Contact the Firm

It’s the end of January almost, and through the next few weeks, FinTechs will weigh in with everything from loan performance metrics to profits (where there are profits to be shown). This past week’s trading action was dominated by the platforms overall, and specifically by a series of partnerships, as the FinTech IPO Index gained 2.2% overall. Separately, as detailed in this space earlier in the week, Nuvei has formed a global partnership with Adobe to enhance eCommerce payments

Platforms Gain Momentum Ahead Of Earnings, Propel Fintech Ipo Index 2.2% Higher

Visa and CIBC have formed a new collaboration to help the bank’s clients send remittances across borders more conveniently.With Visa Direct’s money movement capabilities, the clients of CIBC and its digital banking division Simplii will be able to send money to more digital wallets in the Philippines, China, Bangladesh, Kenya and other key remittance destinations in which digital wallets are commonly used, the companies said in a Tuesday (Jan. 9) press release.The new capability will be available in the coming months, according to the release.“Sending foreign currency has become an increasingly important part of many Canadians’ daily banking needs — a trend that we expect will continue for years to come,” Jimmy Dinh, managing director of Direct Financial Services at CIBC Capital Markets, said in the release.Three quarters of new Canadians send money overseas at least once a month, and 79% are looking for a more convenient way to do so, according to the release.Digital wallets, which offer a solution to this demand, are among the fastest-growing financial instruments in the world, and they are especially valuable to unbanked individuals in developing markets, the release said.Visa Direct provides access to nearly 8.5 billion endpoints, including more than 2.5 billion digital wallets, 3 billion cards and 3 billion accounts, per the release.“Visa Direct enables consumers and businesses to send money cross-border with ease, and we are thrilled to work with industry leaders like CIBC and Simplii to provide even more remittance options for their customers,” Sam Fuda, vice president and head of commercial and money movement solutions at Visa Canada, said in the release.In another recent collaboration, Visa partnered with International Money Express (Intermex) to extend Intermex’s money transfer services to more than 20 countries that it didn’t previously serve. This expansion of Intermex’s services is made possible by its expanded integration with Visa Direct.In November, Visa and Remitly expanded their collaboration to streamline cross-border fund flows. The companies’ expanded efforts enable Remitly customers in more than 15 countries, including the United States, Canada, the United Kingdom and Australia, to push funds directly to holders’ Visa debit cards and bank accounts in more than 100 jurisdictions globally

Visa And Cibc Collaborate On Sending Remittances To Digital Wallets

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

Banks Fight Back: How Cross-Border Technology Is Challenging Fintech Disruptors

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

New Ai Agents Take On Management Jobs

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

Amazon Photos, Bank Of America, Coca-Cola, Docusign, First Citizens, Wyndham Hotels, Others Awarded Unitq Quality Excellence Awards

Remitly’s new office in New Westminster, B.C. (Remitly Photo)Seattle-based digital remittance company Remitly is expanding its office-space footprint to the Greater Vancouver, B.C., area, the company announced Tuesday.The location in New Westminster, B.C., is the first in Canada for the 13-year-old company.Remitly said the 3,600-square-foot office will support up to 35 employees with a focus on product development “across several priority areas for the business.” At least 10 job openings on the Remitly site are for a variety of engineering roles.In June, Remitly confirmed that it had secured space at the Rainier Square Tower in downtown Seattle, with plans to relocate next year from its current headquarters, just around the corner at 1111 3rd Ave.Remitly employs more than 450 people in Seattle, and more than 2,700 worldwide.A company spokesperson said Tuesday that the B.C. office “does not impact Remitly’s hiring plans in Seattle” where the company’s “foot is still very much on the gas in terms of growth.”

Seattle Digital Remittance Company Remitly Opening New Office In Vancouver, B.C., Area

Major League Cricket (MLC) has inked a new multi-season partnership with Remitly, a digital financial services provider, as a Signature Partner ahead of the league's historic second season.

Major League Cricket selects Remitly as signature partner

International money transfer for immigrants

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International money transfer for immigrants

Remitly

International money transfer for immigrants

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