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RELY| Name | Value |
|---|---|
| Revenues | 234.0M |
| Cost of Revenue | 101.7M |
| Gross Profit | 132.4M |
| Operating Expense | 150.6M |
| Operating I/L | -18.2M |
| Other Income/Expense | -1.5M |
| Interest Income | 1.4M |
| Pretax | -19.0M |
| Income Tax Expense | -0.1M |
| Net Income/Loss | -18.9M |
Remitly Global, Inc. is a digital financial services provider specializing in cross-border remittance services, catering to immigrants and their families in around 150 countries. The company generates revenue by facilitating international money transfers, offering competitive exchange rates and low fees. Through its digital platform, Remitly enables users to send money securely and conveniently, tapping into a market of individuals seeking efficient and cost-effective remittance solutions.
