Remitly Global Inc
NASDAQ:RELY

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Remitly Global Inc
NASDAQ:RELY
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Price: 22.61 USD 4.63% Market Closed
Market Cap: 4.5B USD
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Remitly Global Inc
Accounts Payable

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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Remitly Global Inc
Accounts Payable Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Accounts Payable CAGR 3Y CAGR 5Y CAGR 10Y
Remitly Global Inc
NASDAQ:RELY
Accounts Payable
$35.1m
CAGR 3-Years
101%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Mastercard Inc
NYSE:MA
Accounts Payable
$911m
CAGR 3-Years
18%
CAGR 5-Years
13%
CAGR 10-Years
11%
Visa Inc
NYSE:V
Accounts Payable
$479m
CAGR 3-Years
22%
CAGR 5-Years
25%
CAGR 10-Years
13%
Automatic Data Processing Inc
NASDAQ:ADP
Accounts Payable
$145.2m
CAGR 3-Years
23%
CAGR 5-Years
6%
CAGR 10-Years
0%
PayPal Holdings Inc
NASDAQ:PYPL
Accounts Payable
$41.3B
CAGR 3-Years
3%
CAGR 5-Years
11%
CAGR 10-Years
N/A
F
Fiserv Inc
NYSE:FI
Accounts Payable
$483m
CAGR 3-Years
-1%
CAGR 5-Years
4%
CAGR 10-Years
24%
No Stocks Found

Remitly Global Inc
Glance View

Market Cap
4.5B USD
Industry
Technology

In the ever-evolving landscape of digital finance, Remitly Global Inc. has carved a niche by addressing an age-old need: international money transfers. Founded in 2011, this Seattle-based company leverages technology to transform the way people send money across borders. While traditional money transfer services often come with high fees and sluggish service, Remitly offers an alternative rooted in efficiency and customer-centric solutions. Using a mobile-first strategy, the company provides an easy-to-navigate platform that enables users to send funds directly from a smartphone app, touching lives significantly in regions with underserved financial infrastructures. The process is seamless—after users link their bank accounts or debit cards, they can send money to over 100 countries, where recipients can then collect it in local currencies through bank deposits, cash pickups, or mobile wallets. Remitly's revenue model is straightforward yet effective. The company charges a transaction fee for each transfer, which can vary based on currency, amount, and delivery speed. Additionally, they earn a margin on the foreign exchange rates offered to customers, which is slightly above the mid-market rate. By keeping these charges competitive, Remitly not only maximizes its potential customer base but fosters loyalty in a sector where trust is tantamount. This business model has driven rapid growth, positioning Remitly as a trusted partner for millions of immigrants and expatriates who rely on safe, timely money transfers to support their families and communities back home. In essence, Remitly thrives by marrying modern technology with fundamental human connections, redefining cross-border financial services in an increasingly interconnected world.

RELY Intrinsic Value
18.19 USD
Overvaluation 20%
Intrinsic Value
Price

See Also

What is Remitly Global Inc's Accounts Payable?
Accounts Payable
35.1m USD

Based on the financial report for Dec 31, 2023, Remitly Global Inc's Accounts Payable amounts to 35.1m USD.

What is Remitly Global Inc's Accounts Payable growth rate?
Accounts Payable CAGR 3Y
101%

Over the last year, the Accounts Payable growth was 415%. The average annual Accounts Payable growth rates for Remitly Global Inc have been 101% over the past three years .

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