Professional
Added to YB: 2025-06-03
Pitch date: 2025-06-02
RELY [neutral]
Remitly Global, Inc.
-31.8%
current return
Author Info
No bio for this author
Company Info
Remitly Global, Inc. engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$3.2B
Pitch Price
$21.48
Price Target
27.40 (+87%)
Dividend
N/A
EV/EBITDA
47.75
P/E
161.60
EV/Sales
1.78
Sector
Financial Services
Category
growth
Specter SMID Capital Fund Portfolio Holding: Remitly Global, Inc.
RELY (holding update): Digital-first remittance platform in 170+ countries showing impressive growth: Q1 2025 revenue +34% YoY to $361.6M, first GAAP profit $11.4M, Adj EBITDA +157% to $58.4M (16% margin). At $21, 3.1x P/S looks cheap vs fintech peers. 2025 guidance: $1.57B rev (+24-25%), $195-210M EBITDA. $27.40 PT (+20%).
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