Professional
Added to YB: 2026-07-30
Pitch date: 2026-07-27
RELY [bullish]
Remitly Global, Inc.
-3.22%
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
$5.6B
Pitch Price
$22.66
Price Target
N/A
Dividend
N/A
EV/EBITDA
24.02
P/E
19.04
EV/Sales
2.76
Sector
Financial Services
Category
growth
Unconventional Value | Mid Year 2026 Letter - Remitly Global, Inc.
RELY (added to position): Cross-border remittance app; volume biz w/ operating leverage—incremental op margins >45% last 2Q, send volume +30%. Gaining share vs banks, incumbents, subscale fintechs in massive fragmented market. Stablecoin fears misplaced—likely a tailwind. Sees 15-20%+ growth for years, maturing to 20%+ margins.
Read full article (1 min)