Added to YB: 2025-12-16
Pitch date: 2025-12-12
RELY [bullish]
Remitly Global, Inc.
+47.24%
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
$14.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
Sector
Financial Services
Category
growth
The Remitly Bear Case Just Died in New York
RELY: Digital remittance leader w/ 3% market share, 35% CAGR vs 7% market growth. 30% marginal EBITDA margins expected vs current 15%. New products (Flex/Wallet) driving 2x profitability, 5-10% rev by 2028. 6x LTV/CAC ratio, improving customer retention. 2028 FCF yield 17%, trading cheap despite strong fundamentals.
Read full article (8 min)