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
Net Income (Common)

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Remitly Global Inc
Net Income (Common) Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income (Common) CAGR 3Y CAGR 5Y CAGR 10Y
Remitly Global Inc
NASDAQ:RELY
Net Income (Common)
-$117.8m
CAGR 3-Years
-53%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Mastercard Inc
NYSE:MA
Net Income (Common)
$12.3B
CAGR 3-Years
15%
CAGR 5-Years
12%
CAGR 10-Years
14%
Visa Inc
NYSE:V
Net Income (Common)
$19.5B
CAGR 3-Years
17%
CAGR 5-Years
11%
CAGR 10-Years
14%
Automatic Data Processing Inc
NASDAQ:ADP
Net Income (Common)
$3.8B
CAGR 3-Years
13%
CAGR 5-Years
10%
CAGR 10-Years
10%
PayPal Holdings Inc
NASDAQ:PYPL
Net Income (Common)
$4.4B
CAGR 3-Years
-4%
CAGR 5-Years
12%
CAGR 10-Years
N/A
F
Fiserv Inc
NYSE:FI
Net Income (Common)
$3.1B
CAGR 3-Years
33%
CAGR 5-Years
27%
CAGR 10-Years
14%
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 Net Income (Common)?
Net Income (Common)
-117.8m USD

Based on the financial report for Dec 31, 2023, Remitly Global Inc's Net Income (Common) amounts to -117.8m USD.

What is Remitly Global Inc's Net Income (Common) growth rate?
Net Income (Common) CAGR 3Y
-53%

Over the last year, the Net Income (Common) growth was -3%. The average annual Net Income (Common) growth rates for Remitly Global Inc have been -53% over the past three years .

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