Welcome to our dedicated page for Remitly Global news (Ticker: RELY), a resource for investors and traders seeking the latest updates and insights on Remitly Global stock.
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.
Bookmark this page for streamlined access to Remitly’s evolving story. Check back regularly to monitor how the company navigates regulatory landscapes, leverages digital transformation, and maintains its commitment to transparent, low-cost international money transfers.
Remitly Global, Inc. (NASDAQ: RELY) has appointed Hemanth Munipalli as CFO, effective July 18. Munipalli brings over 20 years of finance experience, most recently serving as CFO at Egencia under the Expedia Group. He aims to support Remitly's growth and enhance value for stakeholders. Current CFO Susanna Morgan will remain in her role until Munipalli starts, ensuring a smooth transition until September 2022. CEO Matt Oppenheimer praised Morgan for her contributions, including leading the company through its public offering.
Remitly Global, Inc. (NASDAQ: RELY) announced that its management will present at the William Blair Growth Stock Conference on June 7, 2022, at 11:20 AM Pacific Time. The presentation will be available via live webcast on Remitly’s investor relations website, with a replay accessible afterward. Founded in 2011 and headquartered in Seattle, Remitly provides digital financial services for immigrants, facilitating cross-border remittance in over 160 countries. The company aims to simplify money transfers for families worldwide.
Remitly Global, Inc. (NASDAQ: RELY) has announced that its management will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2022, at 1:50 PM Pacific Time (4:50 PM Eastern Time). The presentation will be streamed live via Remitly’s investor relations website, with a replay available post-event. Remitly is a digital financial services provider focused on helping immigrants send money securely and transparently across over 160 countries.
Remitly Global (NASDAQ: RELY) announced its participation in the Barclays 2022 Emerging Payments & Fintech Forum on May 17, 2022. The presentation will commence at 12:20 PM Pacific Time and will be available for live streaming via Remitly's investor relations website. Remitly, headquartered in Seattle, provides digital financial services for immigrants in over 160 countries, facilitating safe and transparent cross-border money transfers.
Remitly Global reports a strong first quarter for 2022, with active customers rising 42% YoY to 3 million and send volume increasing 43% YoY to $6.1 billion. Revenues surged 49% YoY to $136 million, prompting the company to raise its 2022 revenue outlook to between $610 million and $620 million, representing a growth rate of 33% to 35% YoY. Despite these strong metrics, the company reported a net loss of $23.3 million. The CFO will depart later this year, but a smooth transition is assured.
Remitly Global (NASDAQ: RELY) expands its partnership with Visa, enabling customers in Canada to use Visa Direct for real-time money transfers to eligible recipients worldwide. This growth allows funds to be sent to Visa cards, enhancing payout options alongside existing bank accounts and digital wallets. Since March 2020, Remitly has extended its services to customers in 16 countries, facilitating transactions to over 65 nations. The collaboration emphasizes the importance of remittances, especially for migrant workers.
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Remitly Global, Inc. (NASDAQ: RELY) will report its first quarter 2022 financial results on
Remitly Global (NASDAQ: RELY) announced its participation in the 2022 Wolfe FinTech Forum on March 9, 2022, at 10:40 AM Pacific Time (1:40 PM Eastern Time). The management team will present and engage with investors. Interested parties can access the live webcast on Remitly's investor relations site, with a replay available afterward. Founded in 2011 and headquartered in Seattle, Remitly is a leading digital financial services provider for immigrants, enabling them to send money home safely and transparently across 150 countries.
Remitly Global (NASDAQ: RELY) reported significant growth in its Q4 and full-year 2021 results. Active customers surged by 50% year-over-year to 2.8 million, while send volume increased by 64% to $6 billion. Revenue for Q4 stood at $135.3 million, a 69% growth compared to the previous year. However, net loss widened to $16.6 million. For 2022, Remitly projects revenue between $605 million and $615 million, indicating a growth rate of 32% to 34%. Despite improved Adjusted EBITDA, the forecasted net loss remains a concern for investors.
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