Added to YB: 2024-09-05
Pitch date: 2024-09-04
RELY [bullish]
Remitly Global, Inc.
+59.42%
current return
Author Info
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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
$13.53
Price Target
N/A
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
Sector
Financial Services
Category
growth
Show full summary:
Remitly: A Hidden Payments Company Winning the Remittance Market
RELY: Digital remittance app gaining market share despite 72% stock drop since IPO. Flexible receipt options, lower costs vs. legacy providers, localized marketing driving adoption. Digital-native model enables higher marketing spend, fueling growth. Innovator's dilemma winner in remittance industry.
Read full article (1 min)