Remitly

http://www.remitly.com

Techstars // Class 12 - Seattle 2011 Fall starting 2011-08-01

Previous names: Beamit

Key notes: Remitly is a mobile payments service that enables users to make person-to-person international money transfers.

Office address: 1111 3rd Avenue, Suite 2100, Seattle, Washington, United States

Description: Remitly is a mobile payment service that enables consumers to conveniently make person-to-person international money transfers from the United States. Its online service is disrupting the $588 billion a year industry by using the latest technology and mobile devices to eliminate unnecessary forms, codes, agents, extra time and fees tied to the traditional money transfer process. As a licensed money transmitter, Remitly currently operates in 49 states and Washington, D.C., and spends millions of dollars to thousands of customers each month. Remitly is backed by Stripes Group, DFJ, Vulcan Capital, QED, Trilogy Equity Partners, DN Capital, Founders Co-Op, Bezos Expeditions, and TomorrowVentures.

View details on Crunchbase:

https://www.crunchbase.com/organization/remitly

$ 505,000,000 over 10 funding rounds.

Angellist Page:

https://angel.co/remitly

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Funding Rounds

Date	Name	$ Invested	Crunchbase link
2019-07-10	E	$ 135,000,000	Detailed data
2020-07-29	F	$ 85,000,000	Detailed data
2014-01-06	A	$ 5,500,000	Detailed data
2016-09-30	C	$ 23,500,000	Detailed data
2017-10-31	D	$ 115,000,000	Detailed data
2015-03-19	B	$ 12,500,000	Detailed data
2013-01-03	A	$ 2,600,000	Detailed data
2019-07-10	None	$ 85,000,000	Detailed data
2016-04-26	C	$ 38,500,000	Detailed data
2012-04-11	None	$ 1,650,000	Detailed data

Investors

Round Date	Round Name	Investor	Crunchbase Link