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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.
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 (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.
Remitly Global, Inc. (NASDAQ: RELY) has appointed Ankur Sinha as the new Chief Technology Officer, effective immediately. With over 20 years of experience at Google and Microsoft, Sinha will spearhead Remitly's technology strategy, focusing on optimizing current platforms and fostering innovation. Current CTO Karim Meghji will transition to an advisory role. CEO Matt Oppenheimer expressed that Sinha's expertise aligns with the company's goals, enhancing product quality and security. Remitly aims to transform the lives of immigrants through its digital financial services.
Remitly Global, Inc. (NASDAQ: RELY) will announce its fourth quarter and full year 2021 financial results after market close on March 2, 2022. A conference call and live webcast will be held at 2:00 p.m. PT / 5:00 p.m. ET the same day. Investors can access the call through a toll-free dial-in or via the company’s Investor Relations website. Remitly provides digital financial services for immigrants, helping them send money home easily and reliably.
Remitly Global, a digital financial services provider, will present at Citi’s 2021 FinTech Conference on November 17, 2021, at 7:30 AM PT. The presentation will be available via live webcast on Remitly’s investor relations website. Remitly serves immigrants in over 135 countries, facilitating secure money transfers and offering the Passbook app for financial management. This event is an opportunity for investors to hear about Remitly's vision and services aimed at improving the financial experience for immigrants.
Remitly Global, Inc. (NASDAQ: RELY) reported strong third-quarter 2021 results, with revenue increasing 69% year-over-year to $121.2 million. The company's send volume rose 61% to $5.2 billion, while active customers grew by 51% to 2.6 million. Despite the revenue growth, Remitly reported a net loss of $13 million, largely attributed to a $6.9 million non-cash stock donation. The company forecasts total revenue for 2021 between $445 million and $450 million, reflecting a growth rate of 73% to 75% year-over-year.
Remitly Global, Inc. (NASDAQ: RELY) will report its third quarter 2021 financial results on November 10, 2021, after market close. A conference call and live webcast will be held at 2:00 p.m. PT / 5:00 p.m. ET that same day to discuss the results and answer analyst questions. Remitly provides digital financial services for immigrants, facilitating cross-border remittances across 135 countries. The company aims to transform immigrants' lives by offering reliable, fee-free money transfer options through its app.
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