Added to YB: 2024-10-10
Pitch date: 2024-10-10
RELY [bullish]
Remitly Global, Inc.
+70.78%
current return
Author Info
Northeastern University Student Value Fund is the premier investment fund at Northeastern University. Visit their website.
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
$12.63
Price Target
32.06 (+49%)
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
Sector
Financial Services
Category
growth
New Investment Idea: Long Remitly $RELY
RELY: Leading digital remittance player, 2.5% market share. Bull case: differentiated product, efficient scaling, product/corridor expansion. Consensus underestimates FY25-26 growth; 150% upside to FY26 EBITDA est. Risks: fraud losses, equity dilution. $32.06 PT (+147%). 15% TAM CAGR, 130% active user growth by 2027.
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