Remitly Global, Inc. (RELY) company profile
Close on Nov 13, 2026Market cap $4.77BP/E 13.7Yield –
About Remitly Global
Services-Business Services, NEC, SIC 7389
Remitly provides digital cross-border financial services and international money movement. Its primary platform allows customers to transfer funds internationally through mobile applications, a website, and messaging tools. Beyond core remittance services, the company offers a flexible send-now-pay-later payment option, digital wallets for holding money, digital debit cards for spending, and customer loyalty rewards. Remitly serves individual consumers—ranging from low-amount to high-amount senders and recipients—as well as business clients.
The company operates across more than 175 countries and over 5,300 transaction corridors. Customers primarily transfer funds from the United States, Canada, the United Kingdom, and Europe, while top destination markets include India, Mexico, and the Philippines. Its global disbursement network reaches more than 5.4 billion bank accounts and mobile wallets, as well as roughly 490,000 cash pickup points. The provided text does not state the location of the company's headquarters.
Summary of the business section of Remitly Global's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Remitly Global, Inc.
- Founded
- 2011
- Headquarters
- Seattle, WA
- Address
- Remitly Global, Inc., 401 Union Street, Suite 1000 98101
- Phone
- (206) 535-6152
- Website
- remitly.com
- Employees
- 3,200, Dec 31, 2025
- Industry
- Services-Business Services, NEC
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Seattle, Washington
Stock & identifiers
- Ticker
- RELY
- Exchange
- Nasdaq
- IPO date
- Sep 24, 2021
- Shares outstanding
- 212M, Aug 3, 2026
- Public float
- $3.20B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1782170
- CUSIP
- 75960P104
- ISIN
- US75960P1049
- FIGI
- BBG012C7JST2
- Share class FIGI
- BBG012C7JTN6
- EIN
- 83-2301143
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Sebastian J. Gunningham | Chief Executive Officer, Director | 741,840 |
| Pankaj Sharma | Chief Business Officer | 716,022 |
| Vikas D. Mehta | Chief Financial Officer | 943,735 |
| Ankur Sinha | Chief Product and Tech Officer | 1,230,314 |
| Saema Somalya | CLCAO | 56,390 |
| Tai-Hong Fung | Chief Accounting Officer | 177,936 |
| Luke Tavis | Chief Accounting Officer | 10,435 |
| Gail A. Miller | Chief Accounting Officer | 25,722 |
| Rene Yoakum | EVP, Customer and Culture | 158,213 |
| Ryno Blignaut | Director | 63,269 |
| Joshua Hug | Director | 2,936,889 |
| Nigel W. Morris | Director | 1,804,756 |
| Phillip John Riese | Director | 290,912 |
| Matthew B. Oppenheimer | Director | 4,510,790 |
| Phyllis J. Campbell | Director | 78,424 |
| Bora Chung | Director | 159,325 |
| Moal Laurent Le | Director | 61,595 |
| Margaret Mary Smyth | Director | 88,554 |
| Adam Messinger | Director | 13,662 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $296.10K | $358.60K | $3.26M | $28 | $121 |
| FY2024 | $296.10K | -$689.48K | $7.55M | $47 | $117 |
| FY2023 | $291.15K | $7.45M | $3.08M | $40 | $88 |
| FY2022 | $293.13K | -$14.68M | $5.03M | $24 | $66 |
| FY2021 | $8.68M | $30.81M | $3.27M | $43 | $97 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Matthew Oppenheimer Chairperson and Chief Executive Officer | $290.00K | – | – | $6.10K | $296.10K | 0% |
| Vikas Mehta Chief Financial Officer | $290.00K | $1.00M | $1.70M | $6.85K | $3.00M | -77% |
| Ankur Sinha Chief Product and Technology Officer | $290.00K | – | $3.80M | $300 | $4.09M | -59% |
| Pankaj Sharma Chief Business Officer | $290.00K | – | $3.63M | $7.48K | $3.93M | -27% |
| Saema Somalya Chief Legal and Corporate Affairs Officer | $290.00K | – | $1.72M | $6.10K | $2.02M | – |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Sep 24, 2021
- Offer price
- $43.00
- Securities offered
- 12,162,777
- Gross proceeds
- $523.00M
- Exchange
- Nasdaq
- First trading day
- Sep 23, 2021
- First-day close
- $48.45+12.7%
- Lock-up ends (est.)
- Mar 22, 2022
“The initial public offering price per share will be $43.00 per share.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had over 3,200 full-time equivalent employees working out of our global offices or remotely.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 24, 2021 | IPO | Initial public offering priced (424B4 prospectus) |
| Sep 20, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |
See a number that looks wrong?