Full-Time
Facilitates international money transfers for immigrants
$155k - $190k/yr
Burnaby, BC, Canada
Hybrid
Hybrid: in-office at least three days per week (typical)
Bachelor's
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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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Continuing Education or Travel Stipend
Office Culture
Flexible PTO, Schedules and Leaves
DEI Learning Opportunities
Community Engagement
Inclusive Benefits
Remitly reported strong second-quarter results, beating Wall Street expectations with revenue of $495.2 million and adjusted earnings per share of $1.12, significantly above the $0.31 forecast. The digital money transfer company added 1.7 million active customers year-on-year, reaching 10.2 million total. CEO Sebastian Gunningham highlighted operational improvements, noting nearly 70% of global funded transfers were delivered in under 20 seconds. The company raised its full-year revenue guidance to $1.98 billion and increased EBITDA guidance to $412.5 million. During the earnings call, analysts questioned management about marketing investments for high-value senders, AI-driven productivity gains, and the potential of receiver products. Management emphasised disciplined spending and long-term growth strategies whilst acknowledging these initiatives remain early-stage.
Remitly Global's revenue is growing faster than its customer base, driving explosive profit growth. The cross-border payments company added 20% more customers year-over-year in Q2, reaching 9.6 million active users. However, its send volume grew 27% in the same period. This scaling advantage is translating to bottom-line gains. Q2 EBITDA jumped 79% year-over-year, whilst pretax net income reached $64.6 million on roughly $500 million in revenue. The company's app simplifies international money transfers, making them easier and cheaper than traditional methods. Straits Research forecasts the global cross-border remittance market will grow 15.6% annually through 2034. Analyst Gus Galá projects Remitly could capture 10% to 15% of consumer transactions by 2030, citing its digital-first business model and product advantages over legacy competitors.
Western Union shares have fallen 75% from their highs as its physical remittance business faces disruption from digital competitors. Despite the stock's 13.5% dividend yield attracting value investors, analysts warn it may be a value trap. The company's operating margin declined to 13% last quarter from 19% the previous year. While Western Union's digital revenue grew 7% year-over-year, it hasn't offset retail losses and carries lower profit margins. Meanwhile, competitor Remitly Global is gaining market share with its digital-only model. Remitly's customer base grew 20% year-over-year to 10.1 million, with revenue increasing 20% to $495 million. Total send volume rose 27% to $23.5 billion. Analysts suggest Western Union may struggle to maintain its dividend as margins compress, whilst Remitly's lean operating model positions it better for long-term growth.
Remitly Global (NASDAQ:RELY) director sells 160,182 shares. August 11, 2026 Key points. * Director Phillip John Riese sold 160,182 Remitly Global shares at an average price of $24.94, generating approximately $3.99 million. The sale reduced his direct ownership by 30.73% to 361,094 shares; he also sold 100,000 shares in a separate transaction. * Remitly reported quarterly earnings of $0.93 per share, beating the $0.12 consensus estimate, while revenue reached $495.16 million and increased 20.2% year over year. * Analysts maintain a generally positive outlook, with a consensus "Moderate Buy" rating and average price target of $27.67. The stock recently traded at $23.61, with a market capitalization of about $5 billion. * Interested in Remitly Global? Here are five stocks we like better. Remitly Global, Inc. (NASDAQ:RELY - Get Free Report) Director Phillip John Riese sold 160,182 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $24.94, for a total transaction of $3,994,939.08. Following the transaction, the director directly owned 361,094 shares in the company, valued at $9,005,684.36. The trade was a 30.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Phillip John Riese also recently made the following trade(s): * On Tuesday, August 11th, Phillip John Riese sold 100,000 shares of Remitly Global stock. The stock was sold at an average price of $23.73, for a total value of $2,373,000.00. Remitly Global stock performance. NASDAQ:RELY traded up $0.47 during trading on Tuesday, reaching $23.61. The company's stock had a trading volume of 3,014,015 shares, compared to its average volume of 3,195,756. Remitly Global, Inc. has a 12 month low of $12.08 and a 12 month high of $27.15. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 16.99 and a beta of 0.34. The firm has a 50 day moving average of $22.35 and a 200-day moving average of $19.25. Remitly Global (NASDAQ:RELY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.81. The company had revenue of $495.16 million during the quarter, compared to analyst estimates of $486.25 million. Remitly Global had a net margin of 16.85% and a return on equity of 33.33%. The firm's revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities research analysts forecast that Remitly Global, Inc. will post 0.62 earnings per share for the current fiscal year. Institutional trading of Remitly Global. Several institutional investors have recently added to or reduced their stakes in the business. Pekin Hardy Strauss Inc. increased its position in shares of Remitly Global by 581.8% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 122,716 shares of the financial services provider's stock valued at $1,693,000 after purchasing an additional 104,716 shares during the last quarter. Capelight Capital Asset Management LP purchased a new position in shares of Remitly Global in the fourth quarter worth approximately $1,380,000. GSA Capital Partners LLP boosted its stake in shares of Remitly Global by 1,484.2% during the 4th quarter. GSA Capital Partners LLP now owns 361,033 shares of the financial services provider's stock worth $4,982,000 after acquiring an additional 338,244 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Remitly Global by 48.2% during the 4th quarter. Baillie Gifford & Co. now owns 11,658,558 shares of the financial services provider's stock valued at $160,888,000 after acquiring an additional 3,790,210 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Remitly Global by 44.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 954,064 shares of the financial services provider's stock worth $13,166,000 after purchasing an additional 292,991 shares during the period. 74.25% of the stock is currently owned by hedge funds and other institutional investors. Analyst upgrades and downgrades. RELY has been the topic of a number of recent research reports. Wolfe Research reaffirmed an "outperform" rating and set a $31.00 price target on shares of Remitly Global in a research report on Thursday, August 6th. Weiss Ratings upgraded Remitly Global from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, June 3rd. Citigroup reaffirmed an "outperform" rating on shares of Remitly Global in a report on Thursday, August 6th. The Goldman Sachs Group lifted their price objective on shares of Remitly Global from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Finally, Zacks Research cut Remitly Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.67. Discover more Mathematics About Remitly Global. Remitly Global, Inc operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators. Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Remitly Global, you'll want to hear this. 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Tech Moves: Amazon VP leaves for Lime; MicroVision and Slalom name execs; Microsoft departures. by Lisa Stiffler on Aug 10, 2026 at 10:14 am - Hannah McClellan Richards has left Amazon after more than 15 years to become chief operating officer of micromobility company Lime. "Ensuring hundreds of thousands of light electric vehicles are available, fully charged, when and where riders need them, at global scale is exactly the kind of operational challenge I love," she said on LinkedIn, praising Lime's carbon-free, affordable transportation model. McClellan Richards previously served as VP of operations, product and tech for Amazon's pharmacy division. Other past roles include technical advisor and chief of staff to the CEO of Worldwide Amazon Stores, and VP of freight, inbound transportation and returns. She will serve in the new role remotely. - Ankur Sinha, former chief product and technology officer at Remitly, shared that he's taken a role at Anthropic as head of enterprise and verticals. Sinha was at Seattle's Remitly for more than four years, and was previously an engineering director at Google and spent more than a decade at Microsoft, working primarily on Xbox. "Moving from transforming lives with trusted financial services that transcend borders (Remitly's mission) to ensuring the world safely makes the transition through transformative AI (Anthropic's mission), a few things stay constant," Sinha said on LinkedIn. "The impact on human lives is what makes the work worth doing, and trust and safety are critical to doing it well. I'm super stoked to be part of this and to help carry it forward." - Christine Chambers has been named chief financial officer of Redmond, Wash.-based lidar maker MicroVision. She joins from Fusemachines and previously served as CFO of PetMeds and RealNetworks. Chambers was also a financial vice president at Seattle-area company Rosetta Stone. MicroVision, which develops lidar sensors and perception software for autonomous driving and security use cases, cut 49 jobs in March, targeting engineering and technical roles. Chambers' appointment was disclosed in a federal filing and takes effect Aug. 27. - Slalom has appointed Dan Garrison chief AI officer of the Seattle-based global business and technology consulting firm. Garrison, who is based in Detroit, spent nearly 30 years at Accenture, most recently serving as chief technology officer for Accenture Song. His experience there included work in quantum computing and generative AI, integration of acquired businesses, and technology strategy leadership. "Dan has an incredible amount of hands-on technical depth, enterprise transformation experience, and entrepreneurial energy," said Brian Turner, Slalom's chief capability officer, in a statement. - AI infrastructure and data center company Crusoe has hired Celeste Grebe as senior vice president of financial planning and analysis. She will be based in Crusoe's Bellevue office, which opened in December. Grebe joins from CoreWeave and was previously with Microsoft for more than a decade across two stints. She left the tech giant as chief financial officer of cloud and AI data centers. She was also with PicMonkey as a vice president. "It's rare to find a company positioned to shape infrastructure at this scale, with such a deep understanding of, and partnership with, its customers - and that's exactly what drew me here," Grebe said on LinkedIn. - Gravyty, a Seattle-based ed-tech company, named two new executives: * Margaret Onisick Lawless will serve as chief product and technology officer, joining from TeachTown, where she held a comparable role for nearly five years. Onisick Lawless is based in North Carolina and will work remotely. * Brandon Stec has joined as senior vice president of marketing, coming from Frontline Education. Stec resides in Illinois and will also work remotely. - Richard Tso has taken a role as senior director analyst of AI marketing strategy for Gartner. He joins from Microsoft, where he worked for nearly a decade over two stints. Tso was most recently director of product marketing management for Azure and has held marketing roles for Microsoft Viva, Edge, PowerPoint and other products. Tso was a founding member of Round, an organization providing mentorship and support for tech executives. Other past roles include leadership positions at Persefoni and LivePerson. - TerraPower's former chief operations officer, Eric Williams, is joining rival Hadron Energy as executive vice president of engineering. Williams was with Bellevue, Wash.-based TerraPower for 12 years, leading design and operations of its modular nuclear reactor and helping secure Nuclear Regulatory Commission construction permits. "I have spent my career proving that advanced nuclear technology can be engineered, licensed, and deployed in the United States," Williams said in a statement. "The mission at Hadron to commercialize a first-of-a-kind microreactor (MMR) is exactly where the nuclear industry needs to go." Williams' move to New York-based Hadron is effective Aug. 31. - Seattle's Ian Wathen was promoted to chief financial officer of Conga, a Houston-based company that helps businesses coordinate their pricing, quoting, contracting, rebates and communications. - Brittany Jarnot was promoted to senior manager of state and local government affairs in the West for Salesforce. - Kristy Carrington was promoted to the role of chief executive for the North Division for Providence, overseeing operations in Western Washington and Alaska for the healthcare system. - Colin Dale is now director of sales for Factal, a Seattle company providing risk intelligence, working out of its London office. - And in case you missed it, Zillow announced a series of executive changes: CFO Jeremy Hofmann's role is expanding to include chief operating officer, while Jun Choo, who became chief operating officer in 2024, is stepping down to focus on his health and will serve as an advisor through the end of the year. Editor's note: Updated on Aug. 10 at 1:20 p.m. with news of Ankur Sinha's new role.