4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

SAN MATEO, Calif., July 8, 2025 /PRNewswire/ -- Parspec, an AI-native software platform that enables wholesale distributors and sales agents to efficiently bid and supply construction products, today announced it has raised $20 million in Series A funding. The round was led by Threshold Ventures (formerly DFJ), with participation from existing venture investors including Innovation Endeavors, Building Ventures, Heartland Ventures, and Hometeam Ventures. Parspec Raises $20 Million Series A to Modernize the Construction Supply Chain with AIThe global construction industry repres

With its first-of-its-kind platform, Mendaera is pioneering a new category in medical robotics Mendaera, Inc., a Silicon Valley-based healthcare technology company developing a handheld robotic interventional platform, announced today the close of $73 million in Series B funding led by Threshold Ventures, with participation from investors including Lux Capital, PFM Health Sciences, and Fred Moll (founder of Intuitive Surgical and Auris Health). The financing will further Mendaera's efforts to scale robotics and AI across mainstream medical procedures. The healthcare system is facing an increasing supply and demand crisis, where the ability to consistently deliver high-quality care to pati

SEATTLE, July 31, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of seasoned finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will oversee an orderly transition, remaining with the company through September 30, 2024. "I am delighted to welcome Vikas to Remitly as our Chief Financial Officer," said Matt Oppenheimer, Co-founder and CEO of Remitly. "Vikas's impressive track record leading finance functions at high-growth companies, experience driving public company

SEATTLE, May 07, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of Ronit Peled as Chief People Officer.  "We are thrilled to welcome Ronit Peled to Remitly as our new Chief People Officer," said Matt Oppenheimer, Co-founder & CEO of Remitly. "Ronit brings a track record of strategic business leadership, a deep commitment to people and culture, and clear alignment with Remitly's values. As team and culture have always been a differentiator for Remitly and key focus for me, I look forward to seeing Ronit's talents in action and the impact she will drive for our people, cust

SEATTLE, April 06, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced the appointments of Phyllis Campbell and Ryno Blignaut to its Board of Directors.  "We are delighted to welcome Phyllis and Ryno to Remitly's Board of Directors," said Matt Oppenheimer, CEO of Remitly. "They each bring with them a wealth of knowledge and leadership experience to complement our existing team of accomplished directors. I'm grateful for their passion and dedication to our customer-centric vision for the future of digital financial services."  Campbell and Blignaut bring decades of leaders

Remitly Global, Inc. (NASDAQ:RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, today announced the appointment of Rina Hahn as Chief Marketing Officer (CMO). "Rina has been an integral part of our growth since she joined our Marketing Team in 2018," said Matt Oppenheimer, Co-founder and CEO, Remitly. "Rina's dedication to our mission to help solve these problems for our customers has been inspiring. Her stewardship over our customer acquisition and brand development has Remitly well positioned to capture our growth milestones along with a focus on continuously improving marketing efficiency. I am so excited to hav

Remitly Global, Inc. (NASDAQ:RELY), a leading digital financial services provider for immigrants and their families in over 160 countries around the world, today announced the appointment of Hemanth Munipalli as CFO effective July 18. "Hemanth brings more than 20 years of top-tier finance leadership to Remitly, with a proven track record in multinational consumer-facing organizations operating in dynamic market environments," said Matt Oppenheimer, Co-founder and CEO, Remitly. "His breadth of financial expertise, strategic mindset, and background as a strong business leader will be incredibly valuable to us as we continue to grow and scale with our customers." Munipalli joins the company

Company welcomes veteran Google and Microsoft software engineering executive Ankur Sinha to help scale business Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced the appointment of Ankur Sinha as its new Chief Technology Officer. In this role, Sinha will be responsible for leading Remitly's technology strategy and teams with a focus on optimization of current platforms as well as ongoing innovation. Sinha brings more than 20 years of world-class technology and leadership experience to Remitly, having worked on high-scale, high-performance products and transformative technologies in senior engine

4 - Remitly Global, Inc. (0001782170) (Issuer)

4 - Remitly Global, Inc. (0001782170) (Issuer)

Monness Crespi & Hardt reiterated coverage of Remitly Global with a rating of Buy and set a new price target of $32.00 from $30.00 previously

Wells Fargo upgraded Remitly Global from Underweight to Equal Weight and set a new price target of $18.00 from $13.00 previously

BMO Capital Markets upgraded Remitly Global from Market Perform to Outperform and set a new price target of $28.00 from $24.00 previously

Wells Fargo initiated coverage of Remitly Global with a rating of Underweight and set a new price target of $16.00

BMO Capital Markets initiated coverage of Remitly Global with a rating of Market Perform and set a new price target of $25.00

Wolfe Research downgraded Remitly Global from Outperform to Peer Perform

Wolfe Research upgraded Remitly Global from Peer Perform to Outperform and set a new price target of $28.00

Wolfe Research downgraded Remitly Global from Outperform to Peer Perform

JMP Securities reiterated coverage of Remitly Global with a rating of Market Outperform and set a new price target of $22.00 from $40.00 previously

Citigroup reiterated coverage of Remitly Global with a rating of Buy and set a new price target of $23.00 from $24.00 previously

SEATTLE, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following webinar and investor conference: Post-Earnings Webinar with Goldman Sachs on Stablecoins and the Outlook for Cross-Border Date: Wednesday, August 13, 2025 Time: 1 p.m. Eastern Time / 10 a.m. Pacific Time Goldman Sachs Communacopia + Technology Conference 2025 Date: Wednesday, September 10, 2025 Time: 12:30 p.m. Eastern Time / 9:30 a.m. Pacific Time Please reach out to Will Nance, Goldman Sachs research analyst, at Will.Nance

Second quarter send volume up 40% and revenue up 34% year over year Second quarter net income was $6.5 million and Adjusted EBITDA was $64.0 million Board of Directors authorizes $200 million share repurchase program SEATTLE, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, reported results for the second quarter ended June 30, 2025. "Q2 was a defining quarter for Remitly—we delivered exceptional financial performance, and achieved breakthrough innovation that positions us to shape the future of global financial services," said Matt Oppenheimer, co-founder and Chief Execu

SEATTLE, July 21, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report second quarter financial results after the market close on Wednesday, August 6, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Second Quarter Financial Results Conference Call and Webcast Information:When: Wednesday, August 6th, 2025Time: 2:00

SAN MATEO, Calif., July 8, 2025 /PRNewswire/ -- Parspec, an AI-native software platform that enables wholesale distributors and sales agents to efficiently bid and supply construction products, today announced it has raised $20 million in Series A funding. The round was led by Threshold Ventures (formerly DFJ), with participation from existing venture investors including Innovation Endeavors, Building Ventures, Heartland Ventures, and Hometeam Ventures. Parspec Raises $20 Million Series A to Modernize the Construction Supply Chain with AIThe global construction industry repres

SEATTLE, May 09, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences: J.P. Morgan 53rd Annual Global Technology, Media and Communications ConferenceDate: Wednesday, May 14, 2025Time: 2:20 p.m. Eastern Time / 11:20 a.m. Pacific Time Barclays 15th Annual Emerging Payments and FinTech ForumDate: Tuesday, May 20, 2025Time: 10:20 a.m. Eastern Time / 7:20 a.m. Pacific Time The presentations will be webcast live from Remitly's investor relations website at https://ir.remitly.com/. After the presentation, a repl

First quarter send volume up 41% and revenue up 34% year over yearFirst quarter net income was $11.4 million and Adjusted EBITDA was $58.4 million SEATTLE, May 07, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, reported results for the first quarter ended March 31, 2025. "We delivered an outstanding start to the year, significantly exceeding our expectations for the first quarter," said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. "This performance was driven by the deep and growing trust our customers place in us to deliver a fast, reliable, an

SEATTLE, April 23, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report first quarter financial results after the market close on Wednesday, May 7, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly First Quarter Financial Results Conference Call and Webcast Information:When: Wednesday, May 7th, 2025Time: 2:00 p.m. P

NOTE TO EDITORS: The Following Is an Investment Opinion Issued by Spruce Point Capital Management Highlights Short-Term Risks Tied to the Uncertain Nature of U.S. Immigration Policies and Longer-Term Structural Displacement Risk From Increasing Adoption of Stablecoins by Processing Partners Such As Stripe Provides Evidence That Remitly Uses Dubious Images and Inaccurate Names of Immigrant Customer Testimonials Along With Doctored Trustpilot Reviews Questions The Stability of Remitly's Take Rate Claims Despite Evidence of Declining Average Transaction Size and A Recent Omission of the Number of Digital Wallets Within Its Disbursement Network Expresses Concerns With Remitly Governance, In

SEATTLE, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences: The Citizens JMP Technology ConferenceDate: Tuesday, March 4, 2025Time: 11:30 a.m. Eastern Time / 8:30 a.m. Pacific Time Wolfe FinTech ForumDate: Tuesday, March 11, 2025Time: 9:20 a.m. Eastern Time / 6:20 a.m. Pacific Time The presentations will be webcast live from Remitly's investor relations website at https://ir.remitly.com/. After the presentation, a replay of the events will be available on the investor relations website. About

Fourth quarter active customers up 32% and revenue up 33% year over yearFourth quarter net loss was $5.7 million and Adjusted EBITDA was $43.7 million SEATTLE, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, reported results for the fourth quarter and full year ended December 31, 2024. "We delivered an exceptional fourth quarter and full year, exceeding expectations, as our product strength and customer loyalty drove durable growth and improving profitability," said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. "Our product experience continues to resonate with customers as

SEATTLE, July 21, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report second quarter financial results after the market close on Wednesday, August 6, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Second Quarter Financial Results Conference Call and Webcast Information:When: Wednesday, August 6th, 2025Time: 2:00

SEATTLE, April 23, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report first quarter financial results after the market close on Wednesday, May 7, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly First Quarter Financial Results Conference Call and Webcast Information:When: Wednesday, May 7th, 2025Time: 2:00 p.m. P

SEATTLE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2024 financial results after the market close on Wednesday, February 19, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Fourth Quarter and Full Year 2024 Financial Results Conference Call and Webcast Information:Wh

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY

SEATTLE, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report third quarter 2024 financial results after the market close on Wednesday, October 30, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Third Quarter 2024 Financial Results Conference Call and Webcast Information:When: Wednesday, October 30th, 20

SEATTLE, July 19, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report second quarter 2024 financial results after the market close on Wednesday, July 31, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Second Quarter 2024 Financial Results Conference Call and Webcast Information:When: Wednesday, July 31st, 2024Ti

SEATTLE, April 17, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report first quarter 2024 financial results after the market close on Wednesday, May 1, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly First Quarter 2024 Financial Results Conference Call and Webcast Information:When: Wednesday, May 1st, 2024Time: 2

SEATTLE, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2023 financial results after the market close on Wednesday, February 21, 2024. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Fourth Quarter and Full Year 2023 Financial Results Conference Call and Webcast Information:Wh

SEATTLE, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced that it will report third quarter 2023 financial results after the market close on Wednesday, November 1, 2023. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Third Quarter 2023 Financial Results Conference Call and Webcast Information:When: Wednesday, November

SEATTLE, July 13, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a leading digital financial services provider for immigrants and their families, today announced that it will report second quarter 2023 financial results after the market close on Wednesday, August 2, 2023. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Second Quarter 2023 Financial Results Conference Call and Webcast Information:When: Wednesday, Augu

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