Remitly

Celebrating Our Communities: A Year of Connection with Remitly At Remitly, community is at the core of what we do. In 2024, we proudly participated in 40+ cultural and community events across the UK, Australia, Germany, and Spain—connecting with 360,700+ attendees and building 111,700+ personal connections with our customers. 🌟 Highlights of 2024: Diwali on the Square: Engaged with 100,000+ attendees, celebrating culture and connection. Ramadan Initiatives: Hosted Iftar dinners and supported Ramadan Tent Projects in the UK and Australia. Spain Water Park Event: A family-focused celebration that strengthened community bonds. Indian Film Festival Melbourne: Sponsored the dance competition, showcasing cultural heritage. Taste of Cricket & Zimfest: Built ties through sports and cultural events in the UK. These moments of togetherness embody our mission to transform lives through trusted financial services. As we look ahead, we’re committed to celebrating the diversity and vibrancy of the global communities we serve. Read the full article here ➡️ https://bit.ly/3ZYT3EH  #CommunityFirst #GlobalConnections #Remitly

🌍🎄 The season of giving is upon us. At Remitly, we've seen first hand how remittances can be a vital link for families celebrating and staying connected with loved ones abroad throughout the holiday season. 🌟 December marks a peak time for cross-border money transfers as people send love, care, and financial support to family and friends abroad. ❤️ Today on the Remitly Newsroom, we’re exploring the powerful impact of holiday remittances, which bring joy to families globally while fueling economic growth. Read the full story 👉 https://bit.ly/4iCx1Po #HolidaySeason #Remittances #GlobalImpact #CrossBorderPayments

🌟 At Remitly, trust is the foundation of everything we do—and when it comes to scaling innovative solutions for our 7.3 million quarterly active customers, safeguarding their data is paramount. That’s why I’m excited to share an inspiring session from AWS re:Invent featuring our VP of Product, Ankur Tiwari! 🎥💡 In this session, Ankur highlights how we reimagined our customer support and help center platform using Amazon Bedrock’s security, data privacy, and governance controls. The result? A platform that now delivers over 95% of transactions without live customer support, empowering customers while maintaining privacy and regulatory compliance. Key takeaways include: 🔐 How Amazon Bedrock’s security features ensure data privacy while integrating multiple model vendors. 📊 The architecture and implementation patterns that made this transformation possible. 🌍 How these innovations drive seamless, trusted experiences for customers globally. Whether you’re curious about building secure generative AI applications or leveraging AI to scale customer experiences, this talk is a must-watch! 🎯 🔗 Watch here: https://lnkd.in/gCWMxfUq Let us know your biggest takeaways, or share how you’re using AI to balance innovation with trust. Let’s discuss! 🙌 #AWSreInvent #GenerativeAI #CustomerExperience #CloudInnovation #Remitly #AIForGood

💡"Trust isn’t built solely in moments of perfection; it’s earned in moments of uncertainty. Remitlians see every challenge as an opportunity to prove that we’re worthy of the trust our customers place in us.” - Matt Oppenheimer, Co-Founder and CEO, Remitly A big thank-you to DEAN DeBiase and Forbes for highlighting how Remitly is innovating to drive down friction across our entire product experience, earning trust from customers in the moments that matter most. Last year alone, Remitly delivered +90% of transfers within an hour with a take rate of less than 3%, saving customers +$800 million in fees. Check out the full article to learn more: https://bit.ly/3ZQFkja #Fintech #AIInnovation #GlobalImpact #CrossBorderPayments

🌟 Elevating Opportunity with the Remitly Scholars Program 🌟 Since 2015, the Remitly Scholars Program has supported over 2,000 Filipino students, awarding around $900,000 to help them achieve their dreams through education. This September, we hosted a heartfelt meet-up in the Philippines, where scholars and Remitly employees came together to celebrate the life-changing impact of the program. 💬 Remitly Scholar Kyla Grace dela Cruz shared: "The event was unforgettable—it wasn’t just about the program, but the genuine connections that made it so meaningful." At Remitly, we’re proud to invest in the future leaders who will uplift their families and communities. Together, we’re building brighter futures, one scholarship at a time. 💙 You can read the full article, as well as keep updated with Remitly news and updates here 👉 https://bit.ly/4f9XosW #RemitlyScholars #ElevatingOpportunities #EducationForAll

🎉 Exciting news! Remitly has been named a 2024 Deloitte Technology Fast 500™ Company—for the eighth year in a row! 🏆 This achievement reflects our commitment to delivering innovative, trusted cross-border financial services to customers around the globe. A big thanks to our global team of dedicated Remitlians, and to our customers who inspire us everyday. 💙 Read more in our Newsroom → https://bit.ly/4fBy005 #Remitly #Fast500 #Innovation #CustomerImpact

🚀 Thrilled to see Remitly featured in Celent Research’s new report, Generative AI in Payments: Today and Tomorrow, driven by Amazon Web Services. This comprehensive study dives into the major shifts GenAI is driving across the payments industry, ranging across customer service, marketing, fraud & risk management, Product Development, Operations & Intelligence and more. At Remitly, we’re excited to contribute to this innovative wave, using GenAI to reinforce our mission of seamless, reliable service for our customers around the globe. The report offers a glimpse into the potential of GenAI to transform the payments industry in both the near and long term. 🌍 Download the report to read more about areas where Remitly is deploying GenAI at scale, where we're exploring and where we want to evolve. You'll also see what our peers are doing in Fintech and Payments, as well as an overall industry take on how this space will grow. https://lnkd.in/g7ynCtCW #GenAI #Fintech #AIinPayments #Innovation #CustomerExperience

🌍💸 At Remitly, we’re always exploring new ways to make sending money home easier and more secure for our global customers. That’s why we’re excited to announce that we’re now collaborating with Tigo Tanzania Plc, one of Tanzania’s leading mobile money providers! 🎉 With more than 17 million customers already trusting Tigo Pesa, we’re thrilled to make it easier for Remitly customers to send money directly to Tigo Pesa wallets. This collaboration is a step forward in delivering greater convenience and value. Learn more about how you can send money via Tigo Pesa here ➡️ https://bit.ly/3NTcO9F #Remitly #TigoPesa #MoneyTransfers #Tanzania 

Q3 was an exceptional quarter at Remitly. Our results speak volumes about the trust we’ve built with our customers and our commitment to serving them. Together, we’re transforming what’s possible in cross-border financial services. Thank you to our incredible team of Remitlians around the world. We’re just getting started!

Remitly is proud to share our strong third quarter 2024 financial results and our increased 2024 outlook, which we reported on October 30, 2024. These results demonstrate our unique and sustainable growth strategy is delivering for both customers and shareholders. Key year-over-year highlights from the third quarter include 35% growth in quarterly active customers to 7.3 million and 39% growth in revenue to $336.5 million. We also delivered $1.9 million of net income and $46.7 million of Adjusted EBITDA in the third quarter. Our co-founder and CEO, Matt Oppenheimer, said: “I am grateful to our customers and global teams for the exceptional third quarter results. As our performance in the third quarter exceeded expectations, we are pleased to increase our 2024 outlook for both revenue and Adjusted EBITDA. We are excited about growth opportunities in 2025 and beyond as we execute on our vision of transforming lives with trusted financial services that transcend borders.” We’re just getting started! For full results visit 👉 https://ir.remitly.com/ #remitly #wjgs #financialresults #customercentricity #growth