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NASDAQ:RELY
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Remitly Global Inc
Gross Margin
Remitly Global Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | US |
| Market Cap | 4B USD |
| Gross Margin |
66%
|
| Country | US |
| Market Cap | 613.1B USD |
| Gross Margin |
80%
|
| Country | US |
| Market Cap | 479B USD |
| Gross Margin |
0%
|
| Country | US |
| Market Cap | 122.4B USD |
| Gross Margin |
61%
|
| Country | US |
| Market Cap | 120.8B USD |
| Gross Margin |
46%
|
| Country | US |
| Market Cap | 84.6B USD |
| Gross Margin |
40%
|
| Country | US |
| Market Cap | 56B USD |
| Gross Margin |
36%
|
| Country | US |
| Market Cap | 50.7B USD |
| Gross Margin |
0%
|
| Country | US |
| Market Cap | 46.9B USD |
| Gross Margin |
38%
|
| Country | NL |
| Market Cap | 38.2B EUR |
| Gross Margin |
88%
|
| Country | ES |
| Market Cap | 28.6B EUR |
| Gross Margin |
76%
|
Remitly Global Inc
Glance View
Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company is headquartered in Seattle, Washington and currently employs 1,800 full-time employees. The company went IPO on 2021-09-23. The firm serves customers who are primarily immigrants from developing countries who have moved away from their families to seek new opportunities. The firm offers services through its mobile application for cross-border remittances. The company provides end to end process from the moment a customer connects their banking information to the application, they can send money home in minutes. Its customers and their families can also track the status of their transactions in real-time. The firm's features include digital experience, onboarding process, centralized portal for account management and customer support. The company has partnered with various banks, such as Barclays, Chase, HSBC, and Wells Fargo, and other global payment providers, including Visa.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Remitly Global Inc's most recent financial statements, the company has Gross Margin of 65.8%.
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