Added to YB: 2024-08-12
Pitch date: 2024-08-11
RELY [bullish]
Remitly Global, Inc.
+57.91%
current return
Author Info
No bio for this author
Company Info
Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$4.8B
Pitch Price
$13.66
Price Target
N/A
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
Sector
Financial Services
Category
growth
Remitly Global: Poised to Redefine Digital Remittances with Tech-Driven Growth and Market Leadership
RELY: Digital remittance leader, $1.25B revenue run rate, scaling to profitability. Dominant position vs legacy/smaller competitors. $200M+ ad spend, leveraging P&L for growth. Potential to be 'Booking.com of remittances'. Superior product, tech-focused. Long-term potential for 20%+ op margin. CEO mission-driven, passed on 2023/24 grants.
Read full article (5 min)