# Remitly

> Remitly is a Seattle-based financial technology company helping people send money internationally through digital channels and local bank, wallet, and cash-pickup networks. Founded in 2011, it has expanded from family remittances into business payments and selected card, account, and short-term credit services. It reported 10.2 million quarterly active customers in Q2 2026.

- **Founded:** 2011
- **Headquarters:** Seattle, United States
- **Founders:** Matt Oppenheimer (Co-founder; founding CEO; chairman following February 2026 CEO transition), Josh Hug (Co-founder; former chief operating officer), Shivaas Gulati (Co-founder)
- **Products:** International money transfers, Remitly Business, Remitly Global Card, Pay Later / Remitly Flex, WhatsApp Send
- **Notable:** Completed the Techstars Seattle accelerator in 2011., Listed on Nasdaq under RELY in 2021., Closed the Rewire acquisition on January 5, 2023.

## Products & services

- **International money transfers** — App and web transfers with bank deposits, mobile wallets, cash pickup, and other delivery methods depending on the destination. Exchange rates, delivery estimates, and fees are shown before confirmation.
- **Remitly Business** — Cross-border payments for business customers; bulk payments and Send by Link were announced in May 2026, alongside general availability in Canada.
- **Remitly Global Card** — Launched July 2026. The U.S. debit-card offering combines sending, spending, and receiving direct deposits; an optional invitation-only membership was advertised at $9.99 per month in September 2026. Partner institutions provide banking and lending services.
- **Pay Later / Remitly Flex** — Short-term liquidity tied to international sending for eligible customers. U.S. Pay Later is issued by Coastal Community Bank; eligibility, state availability, offers, and membership terms apply.
- **WhatsApp Send** — Transfer initiation through WhatsApp in supported countries, including the Brazil sending experience announced August 2026.
- **PayTag** — A personal payment tag, QR code, and pay page intended to simplify getting paid across borders; availability and payment options depend on market.
- **Passbook (discontinued)** — A banking service launched in 2020; operations ended May 1, 2023 as Remitly refocused on core remittance customers.

## Achievements

- Completed the Techstars Seattle accelerator in 2011.
- Listed on Nasdaq under RELY in 2021.
- Closed the Rewire acquisition on January 5, 2023.
- Reported its first full year of GAAP profitability in 2025: US$67.9 million net income.
- Handled US$74.9 billion in send volume in 2025.
- Reached 10.2 million quarterly active customers in Q2 2026.

## Latest updates

- **2026-10** — October 21: announced Q3 results will be released November 4, 2026; those results were not yet available at the research date.
- **2026-10** — October 14: announced app version 7.0, including Quick Send, selected-market recipient validation, and expanded conversational support; rollout is phased.
- **2026-10** — October 8: introduced PayTag with a payment tag, QR code, and pay page.
- **2026-09** — September 9: announced Etsy payout partnership covering new sellers in 15 countries.
- **2026-08** — August 19: announced Brazil as its first sending country in South America, supporting Pix funding and Portuguese-language support.
- **2026-08** — August 5: reported Q2 revenue of US$495.2 million, 10.2 million quarterly active customers, and US$23.5 billion send volume. Net income of US$205.9 million included a US$140.6 million discrete tax benefit.
- **2026-07** — July 30: launched Remitly Global Card.
- **2026-02** — February 18: announced Sebastian Gunningham as CEO, with co-founder Matt Oppenheimer remaining chairman.

## Links

- Website: https://www.remitly.com
- LinkedIn: https://www.linkedin.com/company/remitly
- Twitter/X: https://twitter.com/remitly
- GitHub: https://github.com/remitly
- YouTube: https://www.youtube.com/@remitly
- Instagram: https://www.instagram.com/remitly/
- Facebook: https://www.facebook.com/Remitly
- TikTok: https://www.tiktok.com/@remitly

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Profile page: https://yespress.io/remitly
Published by YesPress — https://yespress.io
Last updated: 2026-10-23