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  6. Remitly Acquires Talio Labs

M&A Deal Summary

Remitly Acquires Talio Labs

On July 14, 2015, Remitly acquired software company Talio Labs

Acquisition Highlights
  • This is Remitly’s 1st transaction in the Software sector.
  • This is Remitly’s 1st transaction in the United States.
  • This is Remitly’s 1st transaction in Washington.

M&A Deal Summary
Date 2015-07-14
Target Talio Labs
Sector Software
Buyer(s) Remitly
Deal Type Add-on Acquisition

Target

Talio Labs

Washington, United States
Talio Labs, Inc. is a mobile messaging company that developed an immersive, one-of-a-kind mobile messaging service for family and friends. Talio Labs is based in Washington.

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Buyer(S) 1

Buyer

Remitly

Seattle, Washington, United States
Category Company
Founded 2011
Sector Internet Software and Services
Employees2,700
Revenue 944M USD (2023)
DESCRIPTION

Remitly is a mobile payments service, supported on Android, iOS, and online, that enables consumers to conveniently make person-to-person international money transfers from the United States. Remitly was founded in 2011 and is based in Seattle, Washington.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
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