Prosus and Naspers (RELY) report 0% beneficial ownership in Remitly Global
Rhea-AI Filing Summary
Remitly Global, Inc. received an amended Schedule 13G/A from MIH Fintech Investments B.V., Prosus N.V., and Naspers Limited, jointly reporting on the company’s common stock. The reporting group now lists 0 shares beneficially owned, with 0.0% of the class and no sole or shared voting or dispositive power. Each reporting person characterizes this as an exit filing, stating they have ceased to be the beneficial owner of any shares of the referenced class of securities.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 0.0 %
Shares beneficially owned: 0.00
Par value per share: $0.0001 per share
+1 more
4 metrics
Beneficial ownership
0.0 %
Percent of Remitly common stock reported by each reporting person
Shares beneficially owned
0.00
Amount beneficially owned for each reporting person in Row 9
Par value per share
$0.0001 per share
Par value of Remitly Global, Inc. common stock
Filing date
08/11/2026
Date of signatures on the Schedule 13G/A amendment
Key Terms
Schedule 13G/A, beneficial owner, dispositive power, Ownership of 5 percent or less of a class, +1 more
5 terms
Schedule 13G/A regulatory
"This Schedule is jointly filed by MIH Fintech Investments B.V., Prosus N.V. and NASPERS LIMITED."
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficial owner regulatory
"the reporting person has ceased to be the beneficial owner of any of the referenced class"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive power regulatory
"Sole Dispositive Power 0.00 Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Ownership of 5 percent or less of a class regulatory
"Item 5. | Ownership of 5 Percent or Less of a Class. | Ownership of 5 percent or less of a class"
Joint Filing Agreement regulatory
"Joint Filing Agreement dated August 11, 2026, by and among the Reporting Persons."
FAQ
What does the Schedule 13G/A filing for Remitly Global, Inc. (RELY) disclose?
The filing shows MIH Fintech Investments B.V., Prosus N.V., and Naspers Limited now report 0 shares and 0.0% beneficial ownership of Remitly common stock, with no voting or dispositive power, and classify this as an exit filing.
Who are the reporting persons in this Remitly (RELY) Schedule 13G/A amendment?
The Schedule 13G/A is jointly filed by MIH Fintech Investments B.V., Prosus N.V., and NASPERS LIMITED. These entities collectively form the reporting group and previously held a reportable stake in Remitly’s common stock.
What is the current ownership percentage reported for RELY common stock?
Each reporting person states a current beneficial ownership of 0.0% of Remitly’s common stock. They also report 0 shares with sole or shared voting and dispositive power, confirming they no longer hold a reportable position.
What does “exit filing” mean in the Remitly (RELY) Schedule 13G/A?
“Exit filing” here means the reporting persons have ceased to be beneficial owners of any shares of Remitly common stock. Their holdings have fallen to 0 shares, ending their obligation to report as more-than-5% owners on Schedule 13G.
Which class of Remitly (RELY) securities is covered by this Schedule 13G/A?
The filing covers Remitly’s Common Stock, par value $0.0001 per share, identified by CUSIP 75960P104. The reporting persons now show no ownership or voting or dispositive power over this class.
AI-generated analysis. How Rhea-AI works. Not financial advice.