Remitly Global Stock News

Shares of Remitly Global (RELY 5.68%) finished higher Tuesday on signs that the "Big, Beautiful Bill" moving through Congress could be less burdensome than initially expected, as one Wall Street analyst pointed out, after Senate revisions to the bill.

The U.S. Senate added exceptions to a tax aimed mostly at immigrants who send money to their families.

Remitly is a global fintech specializing in remittances, boasting strong unit economics and effective marketing campaigns to drive active user growth. In Q1, Remitly grew revenue by a stunning 34% and send volume by 41%, demonstrating an accelerated growth continuation in core KPIs, despite being founded fourteen years ago. The stock appears fairly valued relative to its expected earnings growt...

A million dollars.

Fintech stock Remitly Global is in a cup-with-handle base. The international money transfer company recently delivered a beat-and-raise quarter.

Shares of Remitly Global (RELY -4.42%), the tech-forward remittance specialist, were pulling back today due to talk in Washington about a possible remittance tax as lawmakers look for ways to dissuade immigrants from sending money out of the country or collect a fee on those transactions.

I am neutral on Remitly Global despite strong 1Q25 results; user growth is slowing, take-rate pressure persists, and valuation has significantly rerated. RELY's revenue grew 34.4% y/y, active users up 29% y/y, and adj. EBITDA margin hit 16.2%, showcasing a strong performance. New growth avenues in high-amount senders and micro-businesses are promising, but user growth deceleration and lower tak...

SEATTLE, May 09, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences: