Money transfer startup Remitly reveals financial results in preparation for upcoming IPO

Money transfer startup Remitly reveals financial results in preparation for upcoming IPO

Left to right: Remitly co-founders Josh Hug, Matt Oppenheimer and Shivash Gulati. (Remitly photo) Seattle-based money transfer company Remitly announced key financial results in its Form S-1 registration statement Monday afternoon, a major milestone on the road to becoming a publicly traded company. Remitly had sales of $ 257 million and a net loss of … Read more

Remitly lands investment from Visa amid reports of IPO preparation

Remitly lands investment from Visa amid reports of IPO preparation

The Seattle mobile remittance startup has received Remitly an undisclosed equity stake from Visa. The companies already entered into a partnership in 2019 and extended this partnership. Visa cited the deal in its call for profits last month. The investment comes as Remitly is reportedly preparing to go public. Total funding for the 10-year-old company … Read more