Remitly

Seattle-based Remitly has built a digital bridge for the world's migrants, moving billions in remittances across more than 170 countries. Founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati, the company attacked a banking system that charged steep fees and took days to deliver. Their mobile-first app lets users send money home in minutes, with transparent exchange rates and flexible payout options like bank deposits, cash pickup, and mobile wallets. The bet paid off: Remitly went public on the Nasdaq in September 2021 under the ticker RELY, and has since become a staple for immigrant communities from Manila to Mexico City.

Remitly's approach has always been about trust and speed. The app offers two delivery speeds, express and economy, letting customers balance cost against urgency. Its user base has grown to millions, and revenue has climbed steadily, with the company posting better-than-expected Q2 results in August 2026 that sent shares up 8% to around $25.93. That earnings beat highlighted a 'margin breakthrough,' according to analysts, signaling that Remitly is achieving profitability while still expanding. The company's leadership has shifted with growth; Sebastian Gunningham now serves as CEO, with Vikas Mehta as CFO.

Beyond simple transfers, Remitly is pushing into broader financial services. The launch of the Remitly Global Card turns cross-border money movement into everyday banking, letting customers spend, save, and manage funds across currencies. This strategic pivot reflects a market that exceeds $900 billion in annual remittances, where Remitly competes with Wise, PayPal, and Western Union. The company's recent push into the Gulf region, driven by a rebounding remittance market, shows its ambition to serve diaspora communities wherever they live and work. [edit]