Added to YB: 2025-01-13
Pitch date: 2025-01-13
RELY [neutral]
Remitly Global, Inc.
-4.81%
current return
Author Info
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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
$22.66
Price Target
N/A
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
Sector
Financial Services
Category
growth
RELY: Unlocking Multi-Bagger Potential in a Growing Global Money Transfer Market
RELY (outside expertise): Mobile-first digital money transfer operator. 30%+ CAGR in customers & revenue. Trades at 20x 2026E EBITDA, not demanding given growth & TAM. Using $WU margins implies 12x fwd EBITDA vs 14x+ for slower fintech comps. $4bn EV. Potential multi-bagger, but outside reviewer's expertise.
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