Remitly helps immigrants send money internationally by offering transfers to bank accounts, cash pickups, or mobile wallets. The service works through its website and mobile app, where users initiate transfers, compare fees, and view real-time tracking. Remitly earns money from per-transaction fees and a margin on exchange rates, and it charges customers via the transfer process. It differentiates itself by focusing on immigrant communities, offering competitive rates and fast, secure transfers, plus promotions and a user-friendly experience. Its goal is to provide affordable, transparent, and convenient remittance services worldwide while supporting the needs and financial education of immigrant communities.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Seattle, Washington
Founded
2011
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