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. provides digital cross-border financial services and money movement for customers sending funds internationally. Company news commonly covers quarterly operating results, send volume, revenue, active customer trends, profitability measures, and outlook updates tied to its transaction-fee and foreign-exchange-spread model.
Coverage also includes product and platform expansion, including WhatsApp Send, Request Money, and the Remitly app in ChatGPT, as well as geographic availability across send and receive markets. Governance updates include CEO succession, board appointments, investor communications, and other corporate-status developments for the Nasdaq-listed common stock.
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.