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. (NASDAQ: RELY) is a provider of digital financial services focused on cross-border money movement, and its news flow reflects both financial performance and product development. The company regularly issues earnings releases in which it reports metrics such as send volume, active customers, revenue, net income, and Adjusted EBITDA. These releases often include updated financial outlooks for the fiscal year and upcoming quarters, along with explanations of how non-GAAP measures like Adjusted EBITDA and non-GAAP operating expenses are calculated and used by management.
Investors following RELY news will see recurring updates on Remitly’s progress in its core remittance business and its broader vision for building a global financial services company. The company uses news announcements to highlight themes such as durable or sustainable growth, GAAP profitability in certain periods, and its approach to balancing revenue growth with profitability over the medium term. It also communicates capital allocation decisions, including the authorization of a share repurchase program and the establishment of a secured revolving credit facility intended to support prefunding of customer flows and general corporate purposes.
Remitly’s news stream also covers product innovation and strategic initiatives. For example, the company has announced Remitly One, an all-in-one financial membership that includes offerings such as Remitly Flex, Remitly Wallet, Remitly Card, and cash back rewards, reflecting its evolution from a remittance provider to a broader financial partner. Other news items describe investor events, webinars, and product-focused presentations, including sessions on topics such as stablecoins and the outlook for cross-border payments.
By monitoring the RELY news page, readers can review historical press releases on quarterly results, Investor Day presentations, product launches, and corporate finance developments, all based on Remitly’s own public disclosures.
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.
Remitly Global Inc. (NASDAQ: RELY) has partnered with Novi to pilot a cash pickup service in Guatemala, utilizing Remitly’s extensive global payments network. The pilot allows transactions using the Pax Dollar (USDP) stablecoin without fees, targeting financial access for users in the US and Guatemala. This initiative aligns with Remitly's mission to enhance financial inclusion for immigrants. Additionally, Remitly has developed 'Remitly for Developers', facilitating cross-border payment solutions via API integration for businesses, making services available in emerging markets.
Remitly Global, Inc. announced the pricing of its initial public offering (IPO) of 12,162,777 shares at $43.00 per share. This includes 7,000,000 shares from Remitly and 5,162,777 shares from existing stockholders. The shares will trade on Nasdaq under the symbol 'RELY' starting September 23, 2021. The offering is expected to close on September 27, 2021. Additionally, underwriters have a 30-day option to purchase 1,824,417 additional shares. A concurrent sale of 581,395 shares to PayU Fintech Investments is also planned.