Remitly

111 3rd Ave. Suite 2100., Seattle, WA 98101

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.

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3.5

Overall Excellence Rating

Industry

Financial Services

Category

Payment Processing

ESG/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. The company’s innovative fintech solutions have a broader impact by aligning with the evolving needs of consumers. Remitly’s user-friendly platform and mobile app provide a convenient and accessible way for users to send and receive money globally, promoting financial accessibility and inclusivity.

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Awards Received

2023

Revenues

$610,000,000.00

Website Traffic

Employee Rating

4.8

Customer Rating

3.4

Company Size

1000-5000

ESG Risk Rating

3

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