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Remitly
Remitly is a trusted provider of financial services that transcend borders. Its global footprint reaches over 175 countries and it is trusted by millions of...
Remitly
Remitly is a trusted provider of financial services that transcend borders. Its global footprint reaches over 175 countries and it is trusted by millions of people worldwide. Customers can send money internationally quickly and securely from the Remitly app or website, and Remitly Business supports payments to global teams, vendors, contractors, and partners.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
Seattle
Corporate office
Seattle, WA, United States
Sector focus
Frequently asked questions
How does Remitly generate revenue on cross-border transfers?
Remitly earns revenue from the spread between the exchange rate it quotes to customers and the interbank rate, plus flat or variable transfer fees that differ between its economy and express service tiers. The firm does not publish its take-rate, but the model is standard across digital-first and incumbent money transfer operators. Operating costs are shaped by compliance headcount, surety bond requirements tied to state money-transmitter licenses, and payout-partner integration fees.
Does Remitly offer business payment services, or is it strictly consumer remittances?
Remitly operates a business-payments product that allows companies and sole proprietors to pay international contractors and vendors, as well as a freelancer receivables feature that lets individuals request and receive cross-border payments. Availability of the business tools varies by sending country. The core volume, however, remains consumer-to-consumer corridor transfers, particularly from the United States to Latin America, Sub-Saharan Africa, and Asia.
Which payout methods does Remitly support in receiving countries?
Remitly delivers funds via direct bank deposit, mobile wallet credit, and cash pickup at partner locations depending on the receiving country’s infrastructure. The firm integrates directly with local payment rails and payout networks, which allows it to settle transfers instantly in many corridors and reduces counterparty banking costs that legacy wire-based operators incur.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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