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About the company
Remitly Global, Inc. is a digital financial services provider for immigrants and their families in over 170 countries. The Company helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. Its technology platform is purpose-built to enable its mobile-centric suite of products, connect its global network, localize its marketing, products and experiences, and drive its data-driven approach. It provides a digital cross-border remittance product that is accessible via its mobile application or the Web. It serves business customers through Remitly for Developers, its remittance-as-a-service offering that leverages its custom-built global network and compliance and regulatory infrastructure. It has launched Passbook, a digital banking service available through a mobile application and designed for immigrants. Passbook promotes financial access by giving its customers a way to store, spend, and send money.
- Revenue in USD (TTM)549.77m
- Net income in USD-91.09m
- Incorporated2018
- Employees1.80k
- LocationRemitly Global IncRemitly GlobalInc., 1111 3Rd Ave., 21St FloorSEATTLE 98101United StatesUSA
- Phone+1 (206) 535-6152
- Websitehttps://www.remitly.com/
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Mergers & acquisitions
| Acquired company | RELY:NSQ since announced | Transaction value |
|---|---|---|
| Rewire Ltd | -16.53% | 80.00m |
| Conexion Corretora De Cambio Ltda | 4.60% | 369.00k |
Data delayed at least 15 minutes, as of Sep 23 2022 21:00 BST.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Moneygram International Inc | 1.28bn | -3.20m | 1.00bn | 3.07k | -- | -- | 20.56 | 0.7813 | -0.0364 | -0.0364 | 13.10 | -1.92 | 0.2855 | -- | -- | 417,122.40 | -0.0713 | -0.8142 | -0.0744 | -0.8598 | 47.31 | 48.42 | -0.2497 | -2.68 | -- | 2.07 | 1.31 | -- | 5.46 | -4.67 | -379.75 | -- | -12.94 | -- |
| Green Dot Corporation | 1.43bn | 50.30m | 1.01bn | 1.20k | 20.40 | 1.11 | 7.48 | 0.7029 | 0.9193 | 0.9193 | 26.21 | 16.89 | 0.3187 | -- | 22.82 | 1,194,770.00 | 1.12 | 2.59 | 5.03 | 7.72 | -- | -- | 3.52 | 6.43 | -- | 11.02 | 0.7882 | 0.00 | 14.31 | 14.80 | 106.57 | 2.90 | 5.82 | -- |
| Open Lending Corp | 212.63m | 103.53m | 1.07bn | 132.00 | 10.33 | 5.15 | 10.21 | 5.03 | 0.8203 | 0.8203 | 1.68 | 1.64 | 0.6772 | -- | 2.86 | 1,610,864.00 | 32.98 | -- | 34.55 | -- | 90.13 | -- | 48.69 | -- | -- | 43.30 | 0.4112 | -- | 98.04 | -- | 261.03 | -- | -- | -- |
| Federal Agricultural Mortgage Corp. | 473.97m | 134.33m | 1.11bn | 153.00 | 8.38 | 1.54 | -- | 2.34 | 12.36 | 12.36 | 43.61 | 112.29 | 0.0189 | -- | 2.25 | 3,097,856.00 | 0.6447 | 0.5288 | 0.9387 | 0.9377 | 55.65 | 39.22 | 34.07 | 21.56 | -- | -- | 0.9526 | 31.03 | -14.34 | 6.70 | 20.64 | 10.89 | -- | 27.62 |
| LendingClub Corp | 1.13bn | 279.19m | 1.18bn | 1.38k | 4.34 | 1.09 | 3.67 | 1.05 | 2.62 | 2.62 | 10.37 | 10.41 | 0.2137 | -- | -- | 815,031.80 | 5.29 | -2.60 | 19.15 | -3.66 | -- | -- | 24.75 | -10.69 | -- | -- | 0.8168 | -- | 79.44 | -7.20 | 109.91 | -- | -7.87 | -- |
| Ready Capital Corp | 599.68m | 200.94m | 1.32bn | 0.00 | 5.11 | 0.7577 | 6.11 | 2.21 | 2.27 | 2.27 | 6.54 | 16.33 | 0.0574 | -- | 20.36 | -- | 2.14 | 1.76 | 2.20 | 1.84 | 47.73 | 42.57 | 37.24 | 21.40 | -- | -- | 0.829 | 99.25 | -0.5553 | 30.34 | 224.64 | 22.42 | -- | -6.07 |
| Hercules Capital Inc | 279.93m | 11.98m | 1.63bn | 90.00 | 116.99 | 1.23 | 117.62 | 5.82 | 0.1094 | 0.1094 | 2.35 | 10.43 | 0.1028 | -- | 13.60 | 3,110,333.00 | 0.4995 | 6.82 | 0.5077 | 6.93 | 79.81 | 76.92 | 4.86 | 59.16 | -- | 1.16 | 0.5302 | 94.75 | -2.19 | 9.93 | -23.58 | 20.66 | -15.90 | 0.7938 |
| Bread Financial Holdings Inc | 3.87bn | 481.00m | 1.65bn | 6.00k | 3.46 | 0.7261 | 3.05 | 0.4272 | 9.60 | 9.24 | 77.44 | 45.68 | 0.1774 | -- | 0.256 | 645,000.00 | 2.21 | 2.36 | 4.37 | 3.90 | 91.52 | 73.35 | 12.43 | 13.56 | -- | 3.72 | 0.8903 | 14.93 | -3.74 | -12.53 | 283.01 | 12.79 | -16.50 | 10.07 |
| Remitly Global Inc | 549.77m | -91.09m | 1.68bn | 1.80k | -- | 3.59 | -- | 3.06 | -0.5507 | -0.5507 | 3.33 | 2.78 | 1.06 | -- | 7.10 | 305,426.70 | -17.51 | -- | -27.67 | -- | 59.79 | -- | -16.57 | -- | -- | -120.73 | 0.00 | -- | 78.48 | -- | -19.01 | -- | -- | -- |
| EVO Payments Inc | 532.83m | 3.07m | 1.73bn | 2.30k | 522.41 | -- | 17.16 | 3.25 | 0.0638 | 0.0638 | 11.16 | -8.28 | 0.2978 | 15.28 | 34.08 | 242,194.10 | 1.68 | -1.76 | 9.24 | -6.02 | 84.04 | 75.50 | 5.66 | -5.66 | 1.32 | 3.96 | 0.6203 | -- | 13.10 | 3.45 | 84.93 | -- | 11.82 | -- |
| Upstart Holdings Inc | 1.07bn | 90.88m | 1.75bn | 1.50k | 23.90 | 2.33 | 17.17 | 1.63 | 0.8995 | 0.8995 | 11.51 | 9.21 | 0.7585 | -- | 27.49 | 714,853.10 | 6.44 | -- | 7.64 | -- | 83.60 | -- | 8.49 | -- | -- | -- | 0.5308 | -- | 250.51 | -- | 2,163.80 | -- | -- | -- |
| Navient Corp | 1.75bn | 597.00m | 1.87bn | 4.33k | 3.42 | 0.6399 | -- | 1.07 | 3.86 | 3.86 | 11.19 | 20.61 | 0.0219 | -- | 15.08 | 403,926.10 | 0.749 | 0.4272 | 0.7922 | 0.4522 | 105.77 | 113.46 | 34.13 | 24.36 | -- | -- | 0.9611 | 33.50 | 9.42 | -2.24 | 74.03 | 1.04 | -- | 0.00 |
| Payoneer Global Inc | 547.02m | 6.57m | 1.99bn | 1.87k | 385.49 | 3.66 | 78.96 | 3.64 | 0.0149 | 0.0149 | 1.54 | 1.57 | 0.1075 | -- | 41.16 | 292,366.70 | 0.1295 | -- | 1.13 | -- | -- | -- | 1.20 | -- | -- | -- | 0.0265 | -- | -- | -- | -271.30 | -- | -- | -- |
| 360 DigiTech Inc | 2.46bn | 708.05m | 2.05bn | 2.13k | 3.00 | 0.8581 | -- | 0.8328 | 4.41 | 4.41 | 15.32 | 15.38 | 0.5322 | -- | 6.20 | 1,155,913.00 | 15.23 | 18.31 | 28.13 | 36.23 | 86.39 | 87.04 | 28.62 | 29.38 | -- | -- | 0.0347 | 2.76 | 22.65 | 1,126.25 | 65.35 | -- | 60.30 | -- |
| Athena Bitcoin Global | 570.00 | -2.50m | 2.25bn | 5.00 | -- | -- | -- | 3,950,794.00 | -0.0222 | -0.0222 | 0.00001 | -0.0095 | 0.1032 | -- | -- | -- | -45,313.12 | -554,970.60 | -- | -- | -- | -- | -439,219.30 | -- | -- | -21.05 | -- | -- | -- | -- | 1.97 | -- | -- | -- |
| ACI Worldwide Inc | 1.45bn | 152.07m | 2.37bn | 3.61k | 16.08 | 1.97 | 8.40 | 1.64 | 1.29 | 1.29 | 12.37 | 10.57 | 0.4527 | -- | 4.70 | 400,899.70 | 4.76 | 2.77 | 6.36 | 3.49 | 53.95 | 53.72 | 10.51 | 6.12 | -- | 6.98 | 0.4735 | 0.00 | 5.89 | 6.39 | 75.88 | -0.2707 | -6.38 | -- |
Data as of Sep 23 2022. Currency figures normalised to Remitly Global Inc's reporting currency: US Dollar USD
24.24%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Generation Investment Management LLPas of 30 Jun 2022 | 11.08m | 6.59% |
| The Vanguard Group, Inc.as of 30 Jun 2022 | 6.57m | 3.91% |
| JPMorgan Investment Management, Inc.as of 30 Jun 2022 | 5.67m | 3.37% |
| Massachusetts Financial Services Co.as of 30 Jun 2022 | 3.83m | 2.28% |
| BlackRock Fund Advisorsas of 30 Jun 2022 | 3.56m | 2.12% |
| Hawk Ridge Capital Management LPas of 30 Jun 2022 | 3.03m | 1.80% |
| Adage Capital Management LPas of 30 Jun 2022 | 2.25m | 1.34% |
| Citadel Advisors LLCas of 30 Jun 2022 | 1.78m | 1.06% |
| PGIM, Inc.as of 30 Jun 2022 | 1.76m | 1.05% |
| SSgA Funds Management, Inc.as of 30 Jun 2022 | 1.21m | 0.72% |
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Data from 30 Jun 2022 - 30 Jun 2022Source: FactSet Research Systems Inc.
