Added to YB: 2025-11-13
Pitch date: 2025-11-11
RELY [bullish]
Remitly Global, Inc.
+72.98%
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
$12.47
Price Target
37.05 (+72%)
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
Sector
Financial Services
Category
growth
300% Upside on Remittance Juggernaut - Remitly Global, Inc.
RELY: Remitly trades at 4-6x 2027-28 earnings power despite 25% revenue growth, 35% send volume growth. CEO owns $70M+ stock, salary only $290K. Digital remittance market shifting from legacy players like Western Union. 1% cash transfer tax starting 2026 accelerates digital adoption. Expanding into business payments ($22T TAM vs $2T consumer), high-amount senders, stablecoins. Under 3% market share with massive runway.
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