Remitly Global - M&A Summary and Business Overview

Internet Software And ServicesCompany

Remitly Global M&A Summary

Remitly Global has acquired 1 company, including 1 in the last 5 years.

Remitly Global’s largest acquisition to date was in 2022, when it acquired RareWire for $80M. Remitly Global has acquired in 1 US state. The Company’s most targeted sectors include software (100%).

Remitly Global Business Overview

Where is Remitly Global headquartered?

Remitly Global is headquartered in Seattle, Washington.

What is Remitly Global’s revenue?

Remitly Global disclosed revenue of 944M USD for 2023 and 944M USD for 2023.

How many employees does Remitly Global have?

Remitly Global has 2,700 employees.

What sector is Remitly Global in?

Remitly Global is an internet software and services company.

When was Remitly Global founded?

Remitly Global was founded in 2011.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Remitly Global

Remitly Global, Inc.

111 Third Avenue, Suite 2100,
Seattle, Washington 98101
United States,
(888) 736-4859
www.remitly.com

Remitly Global is a digital financial services provider for immigrants and their families in over 170 countries around the world. Remitly helps immigrants send money home in a safe, reliable and transparent manner. Its digitally-native, cross-border remittance app eliminates the long wait times, complexities and fees typical of traditional remittance processes. Remitly Global was founded in 2011 and is based in Seattle, Washington.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # - - - 1 - - 1
vol $80M $80M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
RareWire LLC 2022-08-16 80M USD Divestiture
Kansas City, Missouri · www.rarewire.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 1 (100%) 80M (100%) - -
Total 1 $80M - -

By Geo

State/Country Buy Value Sell Value
United States 1 80M - -
  Missouri 1 80M - -
Total 1 $80M - -

Deal Values

buy # Total
< $100M 1 $80M
TOTAL $80M
Largest RareWire LLC
$80M (2022-08-16)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Internet Software and Services

Revenue

944   45% 2023
654   43% 2022
459   79% 2021
257   103% 2020
127   2019
(millions of USD) Show More Show Less

Employees

2,700

Established

2011

Public

NASDAQ: RELY

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