Fundraising FoxRemitly Global
NASDAQ: RELYUnicorn · $7BSeattle, US · Founded 2018 · Delaware corporation · 2 known investors
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Remitly operates a digital platform that enables customers to send money across borders to recipients in over 175 countries, generating revenue primarily through transaction fees and foreign exchange spreads, while expanding into adjacent financial services including buy-now-pay-later, digital wallets, and debit cards.
Founders & leadership
Remitly Global was founded in 2018 by Joshua Hug and Matthew Oppenheimer.
Board
Investors · 2
How we know: the S-1 prospectus · Not right? Tell us
How we know: the S-1 prospectus · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$226.7M disclosed across 3 of 4 rounds · 2019–2023
▶$6.7MraisedApr 2024 · 4 investors · Other TechnologyRule 506(b)
- Phillip RieseDirector
- Bora ChungDirector
- Laurent Le MoalDirector
- Margaret SmythDirector
- Matthew B. OppenheimerExecutive Officer, Director
- Ryno BlignautDirector
- Phyllis CampbellDirector
- Hemanth MunipalliExecutive Officer
- Joshua HugExecutive Officer, Director
- Saema SomalyaExecutive Officer
- Nigel MorrisDirector
- Offering amount
- $6.8M
- Amount sold
- $6.7M
- First sale
- Jan 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶Undisclosed amountofferedMay 2021 · 1 investors · Other Banking and Financial ServicesRule 506(b)
- Bora ChungDirector
- Joshua HugExecutive Officer, Director
- Laurent le MoalDirector
- Hilton HewittExecutive Officer
- Susanna MorganExecutive Officer
- Matthew OppenheimerExecutive Officer, Director
- Saema SomalyaExecutive Officer
- William BryantDirector
- Charles StonecipherDirector
- Philip RieseDirector
- Ron ShahDirector
- First sale
- May 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$85MraisedAug 2020 · 10 investors · Other Banking and Financial ServicesRule 506(b)
- Lucia RigoDirector
- Matthew OppenheimerExecutive Officer, Director
- Joshua HugExecutive Officer, Director
- Charles StonecipherDirector
- Philip RieseDirector
- Ron ShahDirector
- Susanna MorganExecutive Officer
- William BryantDirector
- Laurent le MoalDirector
- Hilton HewittExecutive Officer
- Offering amount
- $85M
- Amount sold
- $85M
- First sale
- Aug 2020
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$135MraisedJul 2019 · 11 investors · Other Banking and Financial ServicesRule 506(b)
- Lucia RigoDirector
- Phillip RieseDirector
- Susanna MorganExecutive Officer
- Ron ShahDirector
- William BryantDirector
- Charles StonecipherDirector
- Laurent le MoalDirector
- Matthew B OppenheimerExecutive Officer, Director
- Joshua HugExecutive Officer, Director
- Offering amount
- $135M
- Amount sold
- $135M
- Sales commissions
- $4.8M
- Placement agents
- FTP Securities LLC
- First sale
- May 2019
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Frequently asked questions
- What does Remitly Global do?
- Remitly operates a digital platform that enables customers to send money across borders to recipients in over 175 countries, generating revenue primarily through transaction fees and foreign exchange spreads, while expanding into adjacent financial services including buy-now-pay-later, digital wallets, and debit cards.
- Who founded Remitly Global?
- Remitly Global was founded by Joshua Hug, Matthew Oppenheimer in 2018.
- Who are Remitly Global's investors?
- Remitly Global's investors include Threshold Ventures, Trilogy Equity Partners.
- How much funding has Remitly Global raised?
- Remitly Global has disclosed $226.7M raised across 3 of its 4 known rounds.
- Where is Remitly Global headquartered?
- Remitly Global is headquartered in Seattle, US.