Remitly Overview
Remitly Global Inc is an international payments company that leverages digital channels, including mobile phones, to send money internationally. Remitly's digital products are fundamentally faster, less expensive, and far more convenient for customers to send money across borders. In 2022, Remitly acquired Rewire, an Israeli fintech startup, the company continues to operate in Israel as Remitly Israel.
Latest News
growth-positive
Add These 4 Top-Performing Liquid Stocks to Boost Portfolio Returns
The article discusses the importance of liquidity in stocks for investors seeking solid gains. It highlights four top-ranked stocks, including Pagaya Technologies Ltd., as potential additions to a portfolio for boosting returns. The article emphasizes the need for a balanced assessment of liquidity and efficiency to identify promising investment opportunities. Various financial ratios, such as the current ratio, quick ratio, and cash ratio, are explained as measures of a companys ability to meet debt obligations. The article suggests that while high liquidity is desirable, it should be considered alongside asset utilization to gauge a companys efficiency.
growth-positive
Enhance Portfolio Returns With These 4 Top-Performing Liquid Stocks
The article discusses the importance of liquidity in stocks and highlights four companies, including Remitly Global, Inc., as potential investment opportunities due to their high liquidity levels. While high liquidity can indicate a companys ability to meet short-term obligations, it may also suggest inefficiency in asset utilization. Investors are advised to consider both liquidity and efficiency when evaluating stocks. The article explains various financial ratios, such as the current ratio, quick ratio, and cash ratio, which help assess a companys financial health. A balanced approach to liquidity and efficiency can help identify promising investment opportunities.
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Remitly appoints Ronit Peled as Chief People Officer | CTech
Digital financial service Remitly has appointed Ronit Peled as its new Chief People Officer. Peled, who has over 20 years of experience in scaling high-growth organizations, will report to the companys EVP of Customer and Culture, René Yoakum. Prior to this, she served as Chief People Officer of DreamBox Learning, a K-12 educational technology company. The announcement follows Remitlys acquisition of Israeli fintech startup Rewire in 2022 for $80 million.
Management ChangesAcquisition
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Remitly Global buys Israeli fintech co Rewire for $80m
US financial services provider Remitly Global Inc. has announced its acquisition of Israeli-based financial services platform Rewire for $80 million in cash and shares. Both companies offer services for migrants wishing to transfer money abroad. Rewire was founded in 2015 and has raised $62 million but was forced to merge due to the current tech crisis and difficulties in raising fresh finance. Remitly held an IPO on Nasdaq last year and has a market cap of $2 billion. The transaction is expected to close in the second half of 2022.
Acquisition
Team Members
3
Employees: 51-200
Web & Social Links
| Website | www.remitly.com |
| App Store | App Store |
Locations
Walter Moses St 1, Tel Aviv-Yafo, Israel
Seattle, WA, USA
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