US75960P1049 - Common Stock
REMITLY GLOBAL INC
NASDAQ:RELY (11/22/2024, 5:34:22 PM)
After market: 21.04 0 (0%)21.04
+0.36 (+1.74%)
Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company is headquartered in Seattle, Washington and currently employs 2,700 full-time employees. The company went IPO on 2021-09-23. The firm helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. The Company’s technology platform is purpose-built to localized consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The firm provides a digital cross-border remittance product that is accessible via its mobile app or the Web. The company offers a mobile-centric suite of products, global network, localization expertise at scale and data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. Its global network of funding and disbursement partnerships enables it to complete money transfers in over 5,000 corridors without the need to deploy local operations in each country.
REMITLY GLOBAL INC
Remitly Global, Inc., 1111 3Rd Ave., 21St Floor
Seattle WASHINGTON 10004
P: 18887364859
CEO: Matthew Oppenheimer
Employees: 2700
Website: https://www.remitly.com/
Remitly’s 36.2% return over the past six months has outpaced the S&P 500 by 25.5%, and its stock price has climbed to $19.64 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
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Growth is accelerating for this remittance upstart.
Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 24.1% in the after-market session after the company reported a "beat and raise" quarter. Third-quarter results blew past analysts' EBITDA expectations. Customer growth stayed strong, up 35% year on year, and was supported by robust volume growth, which grew even faster (up 42% y/y). Moving on, its full-year EBITDA guidance exceeded Wall Street's estimates. Overall, this was a strong quarter.
Shares of the fintech company popped on a strong earnings report.
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