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Remitly Global, Inc. (RELY) operates at the forefront of digital remittance services, providing mobile-first solutions for secure cross-border money transfers. This news hub offers investors and stakeholders timely access to official updates, financial disclosures, and strategic developments shaping the company’s position in the global FinTech sector.
Discover comprehensive coverage of earnings reports, partnership announcements, product innovations, and regulatory compliance updates. Our curated collection ensures you stay informed about Remitly’s operational milestones, market expansions, and initiatives to enhance financial inclusion for immigrant communities worldwide.
Key updates include quarterly financial results, leadership changes, technology advancements in payment processing, and expansions into new markets. Each release is verified for accuracy, providing a trustworthy resource for analyzing Remitly’s growth trajectory and competitive strategies.
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Remitly Global, Inc. (NASDAQ: RELY) has announced a significant leadership change with the appointment of Vikas Mehta as Chief Financial Officer, effective August 19, 2024. Mehta, with over 25 years of global experience in Fintech, Software, and eCommerce, will succeed Hemanth Munipalli, who is leaving for family reasons.
Mehta's impressive track record includes CFO roles at Anaplan and Nike Direct, as well as leadership positions at Walmart, Microsoft, and PayPal. In his new role, he will oversee Remitly's financial planning, analysis, procurement, accounting, tax, investor relations, and treasury operations.
This transition comes at a important time for Remitly, a digital financial services provider focused on cross-border transactions. CEO Matt Oppenheimer expressed confidence in Mehta's ability to drive growth and deliver value to customers and shareholders.
Remitly Global, Inc. (NASDAQ: RELY) reported strong second quarter 2024 results, with significant year-over-year growth across key metrics. Active customers increased 36% to 6.9 million, while send volume grew 38% to $13.2 billion. Revenue rose 31% to $306.4 million, and the company's net loss improved by 36% to $12.1 million. Adjusted EBITDA saw a 23% increase to $25.1 million.
Based on these results, Remitly has raised its 2024 financial outlook. The company now expects total revenue between $1,230 million and $1,250 million, representing 30-32% year-over-year growth. Adjusted EBITDA is projected to be in the range of $90 million to $100 million, an increase from the previous outlook.
Remitly Global, Inc. (NASDAQ: RELY), a digital financial services provider, has announced its plans to report second quarter 2024 financial results on Wednesday, July 31, 2024, after the market close. The company will host a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day to present the results and answer questions from financial analysts.
Interested parties can access the call by registering through the provided link: Remitly 2Q 2024 Earnings Call. A live webcast and replay will also be available on the company's Investor Relations website at https://ir.remitly.com/. Remitly recommends registering at least 10 minutes before the call's start time to ensure proper connection.
Remitly has announced that its management team will present at the William Blair 44th Annual Growth Stock Conference on June 5, 2024. The presentation will take place at 7:20am Pacific Time / 9:20am Central Time and will be webcast live on Remitly’s investor relations website. A replay will be available post-event. Remitly provides digital financial services in over 170 countries, focusing on fast, reliable, and transparent cross-border payments. The company aims to expand its product suite to enhance its vision of transforming lives globally.
Remitly Global (NASDAQ: RELY) announced its management team's participation in two upcoming investor conferences in May 2024. These include the Barclays 14th Annual Emerging Payments and FinTech Forum on May 16, and the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 20 at 4:30 p.m. ET/1:30 p.m. PT. The J.P. Morgan presentation will be webcast live via Remitly’s investor relations website with replays available post-event.
Remitly Global, a digital financial services provider, will be participating in two upcoming investor conferences in May 2024. The company's management team will present at Barclays 14th Annual Emerging Payments and FinTech Forum on May 16 and J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 20. The presentations will be available for live webcast and replay on Remitly's investor relations website.
Remitly Global, a digital financial services provider, appointed Ronit Peled as Chief People Officer. Peled brings strategic leadership and a commitment to culture. With over 20 years of experience, including as CPO of DreamBox Learning, she aims to drive impact for people, customers, and the business at Remitly.
Remitly Global, Inc. (NASDAQ: RELY) reported strong first quarter 2024 results with active customers up 36%, send volume up 34%, and revenue up 32% year over year. The company's net loss decreased, and Adjusted EBITDA improved significantly. Remitly raised its full year 2024 outlook, expecting total revenue between $1,225 million to $1,250 million and Adjusted EBITDA in the range of $85 million to $95 million.
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