RELY

Remitly Global, Inc. (RELY)

Remitly Global, Inc., founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati, is a Seattle-based financial technology company specializing in digital remittances. The company offers a secure and efficient platform for individuals to send and receive money internationally, serving over 7 million active customers and facilitating transfers to more than 170 countries. Remitly's mission is to make the money transfer process faster, more affordable, and transparent, providing various delivery options such as bank deposits, mobile wallets, and cash pickups.

Recent Stock Performance

As of February 19, 2025, Remitly's stock (NASDAQ: RELY) is trading at $26.62, reflecting an increase of $0.15 (0.57%) from the previous close. The stock experienced an intraday high of $27.78 and a low of $26.08, with a trading volume of 536,054 shares.

In 2023, Remitly reported revenue of $944 million, a 44.48% increase from the previous year's $653.56 million. The company is expected to announce its quarterly earnings after the market closes on February 19, 2025, with analysts anticipating earnings of ($0.07) per share and revenue of $343.67 million. In the third quarter of 2024, Remitly surpassed analysts' estimates with a 39% revenue increase and a non-GAAP profit of $0.20 per share, leading to a positive outlook among investors and analysts.