Added to YB: 2024-10-10
Pitch date: 2024-10-10
RELY [bullish]
Remitly Global, Inc.
+15.99%
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. engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$3.2B
Pitch Price
$12.63
Price Target
32.06 (+119%)
Dividend
N/A
EV/EBITDA
47.75
P/E
161.60
EV/Sales
1.78
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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