Professional
Added to YB: 2025-06-03
Pitch date: 2025-06-02
RELY [neutral]
Remitly Global, Inc.
+0.42%
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
$21.48
Price Target
27.40 (+27%)
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
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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