Citigroup reiterated coverage on Remitly Global with a new price target

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

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

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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, 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

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