International monetary transfers across more than 135 countries are serviced by Remitly, a Seattle-based online remittance service provider that is celebrating its winning Nasdaq IPO in late 2021. The company has had a great deal to be proud of in recent years, posting major year-over-year growth in its revenue and customer base.Remitly was started as BeamIt Mobile in 2011, conceived as a solution to the problem of overseas workers having no convenient, safe solution to remit money to their home countries. This year saw Remitly announce new expansions across European markets and a new Visa partnership designed to boost the security of international transfers.
Remitly
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3.95
Overall Excellence Rating
Industry
Financial ServicesCategory
Banking & LendingESG/Ethical Impact
Remitly has a substantial impact on financial inclusion by providing a digital platform for cross-border remittances. It offers convenient and cost-effective international money transfer services, particularly benefiting migrant workers and their families, many of whom may have limited access to traditional financial services. This fosters financial inclusion and helps recipients access essential financial resources. Given its role in handling sensitive financial transactions, Remitly places a strong emphasis on data security and privacy. Robust data protection measures and stringent privacy practices contribute to safeguarding user information, ensuring responsible data management, and building trust among its customer base. Remitly maintains ethical governance practices, promoting transparency, accountability, and ethical conduct in its operations. This commitment helps protect the interests of its users and stakeholders, enhancing trust and confidence in the company’s remittance services.
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Awards Received
2023
Revenues
954000000
Website Traffic
Employee Rating
3.8
Customer Rating
3.3
Company Size
1000-5000
ESG Risk Rating
3
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