Equities

Remitly Global Inc

RELY:NSQ

Remitly Global Inc

Actions
  • Price (USD)10.00
  • Today's Change-0.38 / -3.66%
  • Shares traded715.34k
  • 1 Year change-79.36%
  • Beta--
Data delayed at least 15 minutes, as of Sep 23 2022 21:00 BST.
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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
  • Location
    Remitly 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 companyDeal statusDateDate /
Deal status
RELY:NSQ since
announced
Transaction
value
Rewire LtdAnnounced15 Aug 202215 Aug 2022Announced-16.53%80.00m
Conexion Corretora De Cambio LtdaAnnounced20 Jul 202220 Jul 2022Announced4.60%369.00k
Data delayed at least 15 minutes, as of Sep 23 2022 21:00 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/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 Inc1.28bn-3.20m1.00bn3.07k----20.560.7813-0.0364-0.036413.10-1.920.2855----417,122.40-0.0713-0.8142-0.0744-0.859847.3148.42-0.2497-2.68--2.071.31--5.46-4.67-379.75---12.94--
Green Dot Corporation1.43bn50.30m1.01bn1.20k20.401.117.480.70290.91930.919326.2116.890.3187--22.821,194,770.001.122.595.037.72----3.526.43--11.020.78820.0014.3114.80106.572.905.82--
Open Lending Corp212.63m103.53m1.07bn132.0010.335.1510.215.030.82030.82031.681.640.6772--2.861,610,864.0032.98--34.55--90.13--48.69----43.300.4112--98.04--261.03------
Federal Agricultural Mortgage Corp.473.97m134.33m1.11bn153.008.381.54--2.3412.3612.3643.61112.290.0189--2.253,097,856.000.64470.52880.93870.937755.6539.2234.0721.56----0.952631.03-14.346.7020.6410.89--27.62
LendingClub Corp1.13bn279.19m1.18bn1.38k4.341.093.671.052.622.6210.3710.410.2137----815,031.805.29-2.6019.15-3.66----24.75-10.69----0.8168--79.44-7.20109.91---7.87--
Ready Capital Corp599.68m200.94m1.32bn0.005.110.75776.112.212.272.276.5416.330.0574--20.36--2.141.762.201.8447.7342.5737.2421.40----0.82999.25-0.555330.34224.6422.42---6.07
Hercules Capital Inc279.93m11.98m1.63bn90.00116.991.23117.625.820.10940.10942.3510.430.1028--13.603,110,333.000.49956.820.50776.9379.8176.924.8659.16--1.160.530294.75-2.199.93-23.5820.66-15.900.7938
Bread Financial Holdings Inc3.87bn481.00m1.65bn6.00k3.460.72613.050.42729.609.2477.4445.680.1774--0.256645,000.002.212.364.373.9091.5273.3512.4313.56--3.720.890314.93-3.74-12.53283.0112.79-16.5010.07
Remitly Global Inc549.77m-91.09m1.68bn1.80k--3.59--3.06-0.5507-0.55073.332.781.06--7.10305,426.70-17.51---27.67--59.79---16.57-----120.730.00--78.48---19.01------
EVO Payments Inc532.83m3.07m1.73bn2.30k522.41--17.163.250.06380.063811.16-8.280.297815.2834.08242,194.101.68-1.769.24-6.0284.0475.505.66-5.661.323.960.6203--13.103.4584.93--11.82--
Upstart Holdings Inc1.07bn90.88m1.75bn1.50k23.902.3317.171.630.89950.899511.519.210.7585--27.49714,853.106.44--7.64--83.60--8.49------0.5308--250.51--2,163.80------
Navient Corp1.75bn597.00m1.87bn4.33k3.420.6399--1.073.863.8611.1920.610.0219--15.08403,926.100.7490.42720.79220.4522105.77113.4634.1324.36----0.961133.509.42-2.2474.031.04--0.00
Payoneer Global Inc547.02m6.57m1.99bn1.87k385.493.6678.963.640.01490.01491.541.570.1075--41.16292,366.700.1295--1.13------1.20------0.0265-------271.30------
360 DigiTech Inc2.46bn708.05m2.05bn2.13k3.000.8581--0.83284.414.4115.3215.380.5322--6.201,155,913.0015.2318.3128.1336.2386.3987.0428.6229.38----0.03472.7622.651,126.2565.35--60.30--
Athena Bitcoin Global570.00-2.50m2.25bn5.00------3,950,794.00-0.0222-0.02220.00001-0.00950.1032-------45,313.12-554,970.60---------439,219.30-----21.05--------1.97------
ACI Worldwide Inc1.45bn152.07m2.37bn3.61k16.081.978.401.641.291.2912.3710.570.4527--4.70400,899.704.762.776.363.4953.9553.7210.516.12--6.980.47350.005.896.3975.88-0.2707-6.38--
Data as of Sep 23 2022. Currency figures normalised to Remitly Global Inc's reporting currency: US Dollar USD

Institutional shareholders

24.24%Per cent of shares held by top holders
HolderShares% Held
Generation Investment Management LLPas of 30 Jun 202211.08m6.59%
The Vanguard Group, Inc.as of 30 Jun 20226.57m3.91%
JPMorgan Investment Management, Inc.as of 30 Jun 20225.67m3.37%
Massachusetts Financial Services Co.as of 30 Jun 20223.83m2.28%
BlackRock Fund Advisorsas of 30 Jun 20223.56m2.12%
Hawk Ridge Capital Management LPas of 30 Jun 20223.03m1.80%
Adage Capital Management LPas of 30 Jun 20222.25m1.34%
Citadel Advisors LLCas of 30 Jun 20221.78m1.06%
PGIM, Inc.as of 30 Jun 20221.76m1.05%
SSgA Funds Management, Inc.as of 30 Jun 20221.21m0.72%
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Data from 30 Jun 2022 - 30 Jun 2022Source: FactSet Research Systems Inc.
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