Add-on Acquisition • Software

Remitly Acquires Talio Labs

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

Acquisition Context

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.

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

Target Company

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 Overview 1

Buyer

Remitly

Seattle, Washington, United States

Category	Company
Founded	2011
Sector	Internet Software and Services
Employees	2,700
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 Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: Washington	1 of 1
Country: United States	1 of 1
Year: 2015	1 of 1

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