Remitly Named One of World’s Most Innovative Companies by Fast Company

SEATTLE–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/fintech?src=hash” target=”_blank”gt;#fintechlt;/agt;–Today Remitly,
the largest independent digital remittance company in North America, was
ranked third on Fast Company’s 2019 World’s Most Innovative
Companies list in the Finance category. Fast Company
distinguished Remitly for its use of mobile technology and big data to
return the billions of dollars in transfer and service fees that have
historically been taken from immigrant workers by traditional remittance
companies.

The company is taking international money transfers to a new level by
becoming a must-have service for immigrants who want to stay connected
to loved ones. Customers can send money fast and are provided with
delivery tracking that gives them peace of mind indicating exactly when
their money will arrive with loved ones.

“We’re deeply honored to be included as one of Fast Company’s
World’s Most Innovative Companies,” said Matt Oppenheimer, co-founder,
and CEO of Remitly. “We’re thrilled for the chance to help immigrant
communities around the world, and we’re proud of the positive impact we
make by disrupting financial services in new and exciting ways. Most of
all, we’re inspired by our customers – people who move to a different
country in search of a better life, driven by a dream, and anchored by a
commitment and promise to help those they leave at home.”

Since 2011, Remitly has worked to level the playing field for immigrant
communities worldwide by making the process of sending money
internationally faster, easier, more transparent, and less costly. To
date, the company has helped over 1 million customers and recently
multiplied its presence to over 50 countries across Africa, Asia,
Europe, the Middle East, and South America.

For more information about Remitly, visit www.remitly.com.

The World’s Most Innovative Companies list is Fast Company’s
signature franchise and one of its most highly anticipated editorial
efforts of the year. It provides a snapshot and a road map for the
future of innovation across the most dynamic sectors of the economy.

About Remitly

Remitly is an independent digital remittance company that transfers over
$6 billion in annualized volume through its proprietary global money
transfer network across Africa, Asia, Central Europe, and South America.
Its reliable and easy-to-use mobile app makes the process of sending
money faster, easier, more transparent and less costly by eliminating
the forms, codes, agents, extra time and fees typical of the
traditional, century-old money transfer process. Remitly is backed by
industry-leading investors, Naspers’ PayU, Silicon Valley Bank, Stripes
Group, DFJ, DN Capital, QED Investors, Trilogy Equity Partners, Bezos
Expeditions, Founders’ Co-Op, and TomorrowVentures. The company is
headquartered in Seattle, with additional offices in London, the
Philippines, and Nicaragua. For more information visit remitly.com.

Contacts

Remitly
Britta Gidican, 206-535-6152 ext. 213
Press@remitly.com

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