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Remitly agrees to raise $115 million to accelerate global expansion of financial services

Remitly, the pioneering digital money transfer service, has recently secured an impressive $115 million in funding. This substantial investment will be utilized to further accelerate the global expansion of their innovative financial services.

Expanding Horizons

Remitly has always been committed to providing a seamless and secure way for people to send and receive money across borders. With the infusion of such a significant amount of capital, they are now well-positioned to extend their reach and impact on a global scale.

Remitly logo

Catering to the Asian Community

As an en_us-language-based digital platform, Remitly appreciates and understands the unique needs and challenges faced by the Asian community when it comes to money transfers. Serving this population is at the core of their mission, and this new funding will allow them to better cater to those needs.

Remitly money transferring service expansion to Canada

Enhancing Financial Inclusion

Remitly firmly believes that access to financial services is a fundamental right for everyone, irrespective of their geographic location. The $115 million investment not only enables them to strengthen their current services but also to explore new opportunities and partnerships that will enhance financial inclusion for millions in Asia and beyond.

Streamlined and Secure

When it comes to money transfers, security is of paramount importance. Remitly prides itself on its state-of-the-art technology and robust security measures to ensure that every transaction is safe and protected. With the new investment, they will continue to invest in cutting-edge security protocols, providing peace of mind to customers across Asia.

Simplifying the Process

Traditionally, sending money across borders has been a complex and time-consuming task. Remitly recognizes these challenges and is at the forefront of simplifying and digitizing the process. Their user-friendly interface and intuitive design make it effortless for Asian customers to send and receive money, allowing them to save time and focus on what matters most to them.

Recipe for Success


  • Commitment to Financial Inclusion
  • Innovative Technology
  • Global Expansion
  • Security Measures
  • Simplification


  1. Start by establishing a strong commitment to financial inclusion, ensuring that every customer's needs are met.
  2. Develop and maintain innovative technology that simplifies the money transfer process, making it accessible to people of all backgrounds.
  3. Expand globally, seeking new markets and partnerships that align with the mission of providing secure and convenient financial services to the Asian community.
  4. Invest in robust security measures, employing state-of-the-art technology to safeguard every transaction.
  5. Continuously refine and streamline the process of sending and receiving money across borders, prioritizing user experience and convenience.

In conclusion, Remitly's recent groundbreaking funding of $115 million is a testament to their dedication to the Asian community and the pursuit of financial inclusion. With their streamlined and secure platform, they are revolutionizing the way people in Asia send and receive money, making it a hassle-free experience for all. The future looks bright for Remitly as they continue to expand their reach, bringing their innovative financial services to even more people across the globe.