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OFFON

REMITLY GLOBAL, INC.

(RELY)
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Remitly Global Inc. Announces New Partnership with Novi for the Pilot of its Digital Wallet

10/19/2021 | 09:30am EST

Remitly Global Inc. announced a partnership with Novi, a next generation digital wallet. To support its pilot launch, Novi is leveraging Remitly’s custom-built global network to enable cash pickup in Guatemala. Remitly’s global payments network spans over 1,700 corridors, serving customers in 17 countries, sending to over 115 receive countries. With the launch of the pilot program, Novi is enabling customers to send and receive money using the Pax Dollar (USDP) stablecoin, securely and without fees. In alignment with its mission, Remitly is pleased to support Novi’s initiative to open new channels of financial access and inclusion. Novi is now available to a limited number of customers in the US and Guatemala. Remitly launched Remitly For Developers, a cross-border payments offering that leverages Remitly’s custom-built global network and compliance and regulatory infrastructure in 2020. With Remitly for Developers, businesses can integrate this network and infrastructure into their applications and websites through a simple API. This enables them to offer cross-border payments to their customers and introduce new digital solutions in emerging markets.


© S&P Capital IQ 2021
All news about REMITLY GLOBAL, INC.
11/23Citigroup Adjusts Price Target on Remitly Global to $47 From $49, Maintains Buy Rating
MT
11/15Remitly to Present at Citi's 2021 FinTech Conference
GL
11/15Remitly to Present at Citi's 2021 FinTech Conference
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11/12REMITLY GLOBAL, INC. Management's Discussion and Analysis of Financial Condition and R..
AQ
11/10Remitly Global Q3 Loss Widens More Than Expected, Beats Revenue Estimates, Sets FY21 Gu..
MT
11/10REMITLY GLOBAL, INC. : Results of Operations and Financial Condition (form 8-K)
AQ
11/10Earnings Flash (RELY) REMITLY GLOBAL Posts Q3 Revenue $121.2M, vs. Street Est of $108.5..
MT
11/10Remitly Reports Third Quarter 2021 Results
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11/10Remitly Global, Inc. Provides Earnings Guidance for the Fiscal Year 2021
CI
10/28Wolfe Research Upgrades Remitly Global to Outperform From Peer Perform, Adjusts Price T..
MT
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Analyst Recommendations on REMITLY GLOBAL, INC.
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Financials (USD)
Sales 2021 449 M - -
Net income 2021 -44,3 M - -
Net cash 2021 555 M - -
P/E ratio 2021 -86,9x
Yield 2021 -
Capitalization 3 364 M 3 364 M -
EV / Sales 2021 6,26x
EV / Sales 2022 4,89x
Nbr of Employees 1 700
Free-Float 52,8%
Chart REMITLY GLOBAL, INC.
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Remitly Global, Inc. Technical Analysis Chart | RELY | US75960P1049 | MarketScreener
Technical analysis trends REMITLY GLOBAL, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 20,50 $
Average target price 48,86 $
Spread / Average Target 138%
EPS Revisions
Managers and Directors
Matthew B. Oppenheimer President, Chief Executive Officer & Director
Susanna Morgan Chief Financial Officer
Karim Meghji Chief Technology Officer
Joshua Hug Chief Operating Officer & Director
Charles H. Stonecipher Independent Director
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