Full-Time
Facilitates international money transfers for immigrants
$172.8k - $216k/yr
Expert
Seattle, WA, USA
Hybrid role with 2-3 days in the Seattle office.
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. It also engages with immigrant communities by providing helpful resources and supports educational initiatives, setting itself apart by catering specifically to the needs of immigrants.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Seattle, Washington
Founded
2011
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Continuing Education or Travel Stipend
Office Culture
Flexible PTO, Schedules and Leaves
DEI Learning Opportunities
Community Engagement
Inclusive Benefits
The “One Beautiful Bill” that’s made its way through the House and now is up for debate (and possible changes) in the Senate will have a significant impact on the remittance industry — and perhaps some unintended consequences. As it stands now, the Act includes a tax of 3.5% on remittances that would be sent [] The post Remittance Tax Critics Warn of Unintended Consequences appeared first on PYMNTS.com.
Uncertainty is the watchword of the current global macroeconomic environment. Tariffs are being raised, lowered, paused. GDP is slowing, almost no matter where you look. But there are some constants amid the turmoil. Remittances are consistent, as workers around the world send money home to friends and family, to help cover living expenses, medical needs [] The post Remitly CEO Says Digital Driving Remittances to New Heights Amid Economic Uncertainty appeared first on PYMNTS.com.
Money transfer specialist Remitly Global (RELY) is Monday's pick for IBD 50 Growth Stocks To Watch as the fintech name builds a handle in a base.
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