All Brands Owned by Remitly Global, Inc.

Is Remitly publicly traded?
Yes. Remitly Global trades on NASDAQ under the ticker RELY following its September 2021 IPO. The offering priced at $43 per share and raised roughly $520 million. Co-founder Matt Oppenheimer remains chairman and moved out of the CEO role in early 2026.

Who founded Remitly?
Matt Oppenheimer, Josh Hug and Shivaas Gulati founded the company in Seattle in 2011 under the name Beamit. Oppenheimer developed the idea while working for Barclays in Kenya and observing the cost of international money transfers.

How does Remitly make money?
The company earns revenue from per-transaction fees and from the foreign exchange spread between the rate it quotes customers and the wholesale rate. Additional services include Remitly Business, Remitly for developers and the Remitly One membership.

How big is Remitly?
Remitly reported $1.635 billion in revenue and $74.9 billion in send volume for fiscal 2025, with 9.3 million quarterly active customers. It serves send markets including the United States, Canada, the United Kingdom and Australia, paying out to more than 175 countries.

Is Remitly profitable?
Yes. Fiscal 2025 was the company's first full year of GAAP net income, at $67.9 million, alongside adjusted EBITDA of $272.2 million and free cash flow of $283.3 million.

Does Remitly own other brands?
No. Remitly operates as a single master brand. Its only previous standalone product, the Passbook banking service, was wound down in 2023, and newer services such as Remitly Business and Remitly One are sold under the Remitly name.