Remitly Global, Inc. Common Stock
RELYRemitly Global, Inc. (RELY) is a digital financial services company that specializes in cross-border money transfers. Founded in 2011, it provides a platform that enables immigrants and overseas workers to send remittances efficiently and cost-effectively to their families and loved ones in various countries around the world. The company's services focus on leveraging technology to offer transparent, affordable, and convenient remittance options.
Company News
Remitly Global experienced a stock surge after its 2025 Investor Day, where management outlined strong revenue growth projections, expanding from $1.5 billion to potentially $3 billion in annual revenue by 2028, with plans to expand geographically and introduce new financial products.
Remitly Global experienced a 16% stock decline in November due to slowing revenue growth, concerns about credit risk, and underwhelming fourth-quarter guidance, despite strong third-quarter performance with 21% customer growth and 35% send volume increase.
Remitly Global, a digital remittance platform, reported strong Q3 growth despite stock price decline. The company is expanding its market with new products like Remitly One and appears undervalued given its performance.
Remitly Global, a remittance disruptor, has seen its stock drop 55% despite strong financial performance. The company continues to grow transfer volumes and revenue, expanding into business services and launching a new subscription product called Remitly One.
Remitly Global reported strong Q3 results with 25% revenue increase and 21% growth in active customers, but its preliminary 2026 guidance of high-teen revenue growth disappointed investors, causing a significant stock price drop.
