Remitly
Techstars '11Seattle, US · Founded 2011 · Delaware corporation · 3,384 employees on LinkedIn · 14 known investors
Remitly is an international money transfer service that enables customers to send money across borders to multiple countries.
Founders & leadership
Remitly was founded in 2011 by Matthew B Oppenheimer, Joshua Hug, and Matt Oppenheimer.
MB
Matthew B OppenheimerCo-founder
JH
Joshua HugCo-founder
MO
Matt OppenheimerinCo-Founder
HH
Hilton HewittExecutive
AL
Andrew LarsonExecutive
Board
WB
William BryantBoard director
CS
CD
Investors · 14
DN CapitalLondon · $100K – $22M
Prime VenturesAmsterdam · $5.4M – $16.2M
QED InvestorsAlexandria · $30K – $25M
Scalare PartnersSydney
StripesNew York
TechstarsBoulder · $220K
Threshold VenturesPalo Alto · $500K – $20M
Trilogy Equity PartnersSeattle · $2M – $6M
Bezos Expeditionsreported · 2 sources
DFJreportedSan Mateo
Founders' Co-opreported · 2 sourcesSeattle · $10K – $250Kvia Chris DeVore · board
International Finance CorporationreportedWashington D.C. · $20M – $500M
Preface VenturesreportedNew York · $750K – $2M
TomorrowVenturesreported
Reported raises · per SEC filings
Form D private placements$134.9M disclosed across 4 of 5 rounds · 2013–2017
▶$80MraisedNov 2017 · 1 investors · Other Banking and Financial ServicesRule 506(b)
▶$80MraisedNov 2017 · 1 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Charles StonecipherDirector
- Matthew B OppenheimerExecutive Officer, Director
- Philip RieseDirector
- Ron ShahDirector
- Joshua HugExecutive Officer, Director
- Laurant le MoalDirector
- Krishnan SrinivasanExecutive Officer
- William BryantDirector
- Offering amount
- $115M
- Amount sold
- $80M
- Sales commissions
- $5M
- Placement agents
- FTP Securities LLC
- First sale
- Nov 2017
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$38.6MraisedApr 2016 · 10 investors · Other Banking and Financial ServicesRule 506(b)
▶$38.6MraisedApr 2016 · 10 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Krishnan SrinivasanExecutive Officer
- Charles StonecipherDirector
- William BryantDirector
- Ron ShahDirector
- Matthew B OppenheimerExecutive Officer, Director, Promoter
- Joshua HugExecutive Officer, Director, Promoter
- Chris DeVoreDirector
- Offering amount
- $38.6M
- Amount sold
- $38.6M
- Sales commissions
- $826.8K
- Placement agents
- FTP Securities LLC
- First sale
- Apr 2016
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
▶Undisclosed amountofferedJul 2015 · 40 investors · Other Banking and Financial ServicesRule 506(b)
▶Undisclosed amountofferedJul 2015 · 40 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Chris DeVoreDirector
- Charles StonecipherDirector
- Hilton HewittExecutive Officer
- Joshua HugExecutive Officer, Director, Promoter
- Matthew B OppenheimerExecutive Officer, Director, Promoter
- Andrew LarsonExecutive Officer
- William BryantDirector
- First sale
- Jul 2015
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
▶$12.5MraisedMar 2015 · 6 investors · Other Banking and Financial ServicesRule 506(b)
▶$12.5MraisedMar 2015 · 6 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Matthew B OppenheimerExecutive Officer, Director, Promoter
- Hilton HewittExecutive Officer
- William BryantDirector
- Andrew LarsonExecutive Officer
- Joshua HugExecutive Officer, Director, Promoter
- Charles StonecipherDirector
- Chris DeVoreDirector
- Offering amount
- $12.5M
- Amount sold
- $12.5M
- First sale
- Mar 2015
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
▶$3.8MraisedJan 2014 · 21 investors · Other Banking and Financial ServicesRule 506(b)
▶$3.8MraisedJan 2014 · 21 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Charles StonecipherDirector
- Chris DeVoreDirector
- Matthew B OppenheimerExecutive Officer, Director, Promoter
- Joshua HugExecutive Officer, Director, Promoter
- Hilton HewittExecutive Officer
- Andrew LarsonExecutive Officer
- Offering amount
- $5.5M
- Amount sold
- $3.8M
- First sale
- Dec 2013
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 4
by search overlap
Wise122096 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Revolut56010 shared keywordsLondon-based digital banking app offering multi-currency accounts, cards, trading and business accounts to 65m+ customers.
Instarem41163 shared keywordsInstarem provides online international money transfers for individuals to send funds to over 60 countries, offering upfront exchange rates, low fees, real-time tracking, and loyalty rewards. It also offers cross-border payment solutions for small and medium businesses to pay overseas suppliers and employees across 160+ countries.
Transfer Go31820 shared keywordsTransferGo is a digital money transfer and multi-currency app that lets people send low-cost international payments to over 160 countries, hold and exchange currencies, and spend via a virtual or physical GoCard. It primarily serves migrants and individuals sending money home, and also offers a platform for businesses making cross-border transactions.
Companies competing with Remitly for the same Google search keywords, organic and paid, via search-intersection analysis.
Acquisitions · 1
Early investors' stakes continue via these dealsRewire
Rewire was an Israeli fintech company providing cross-border banking and remittance services for migrant workers, primarily in Israel and Europe. Acquired by Remitly in 2022.
In the news
Remitly Global (RELY) Gains Attention On Remittance Tax Relief, Is It Still A Bargain? - Simply Wall St Newssimplywall.st · Jul 2026
Remitly raises another $38M as it pushes into emerging marketstechcrunch.com · Oct 2016Frequently asked questions
- What does Remitly do?
- Remitly is an international money transfer service that enables customers to send money across borders to multiple countries.
- Who founded Remitly?
- Remitly was founded by Matthew B Oppenheimer, Joshua Hug, Matt Oppenheimer in 2011.
- Who are Remitly's investors?
- Remitly's investors include DN Capital, Prime Ventures, QED Investors, Scalare Partners, Stripes, Techstars, Threshold Ventures, Trilogy Equity Partners and 6 more.
- How much funding has Remitly raised?
- Remitly has disclosed $134.9M raised across 4 of its 5 known rounds.
- Where is Remitly headquartered?
- Remitly is headquartered in Seattle, US.