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Remitly revenue
Remitly's revenue is $1.3 billion.
What is Remitly's revenue?
- Remitly's revenue growth from 2010 to 2017 is 381,316.43%.
- Remitly has 2,200 employees, and the revenue per employee ratio is $612,000.
- Remitly's peak quarterly revenue was $368.7M in 2015(q2).
- Remitly peak revenue was $1.3B in 2017.
- Remitly annual revenue for 2016 was 1.2B, 9.09% growth from 2015.
- Remitly annual revenue for 2017 was 1.3B, 7.74% growth from 2016.
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Remitly historical revenue
Remitly's peak revenue was $1.3B in 2017. The peak quarterly revenue was $368.7M in 2015(q2).
Remitly's revenue increased from $353.0k in 2010 to $1.3B currently. That's a 381,316.43% change in annual revenue.
Remitly annual revenue
Remitly annual revenue over time
| Fiscal year / year | Remitly revenue |
|---|---|
| 2010 | $353,000 |
| 2011 | $19.5M |
| 2012 | $44.3M |
| 2013 | $5.3M |
| 2014 | $2.1M |
| 2015 | $1.1B |
| 2016 | $1.2B |
| 2017 | $1.3B |
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Remitly annual growth
Remitly saw the greatest revenue growth in 2015, when revenue increased by 54,452.38%.
Remitly had the lowest revenue growth in 2013, when revenue changed by -88.03%.
Remitly annual growth rate over time
| Year | Remitly growth |
|---|---|
| 2011 | 5426%↑ |
| 2012 | 127%↑ |
| 2013 | -88%↓ |
| 2014 | -60%↓ |
| 2015 | 54452%↑ |
| 2016 | 9%↑ |
| 2017 | 8%↑ |
Remitly quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Remitly quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2011 | - | $1.3M | $7.3M | $9.4M |
| 2012 | $12.1M | $9.3M | $11.3M | $11.6M |
| 2013 | $9.6M | $14.9M | $9.8M | ($29.0M) |
| 2014 | $100,000 | - | - | $2.0M |
| 2015 | $137.8M | $368.7M | $338.6M | $300.5M |
| 2016 | $309.4M | $320.9M | $314.9M | $304.5M |
| 2017 | $337.1M | $350.2M | $332.8M | $326.3M |
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Remitly financial information
| CEO | Matthew Oppenheimer |
| Industry | Software & Services |
| Company Type | Public |
| Employees Number | 2,200 |
| Date Founded | 2011 |
| Headquarters | Seattle, Washington |
| Number of Locations | 2 |
| Net Income | -$121,700,000 |
| Gross Proft | $59.1M (2017) |
| EBITDA | ($85.4M) (2017) |
| Tax Rate | 0.1% |
| Total Assets | $592,100,000 |
| Ticker | RELY |
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Remitly financing
Remitly received early financing of $750.0K on 2011-08-01.
| Series | Round size | Date |
|---|---|---|
| Seed | $750K | 08/2011 |
| Seed | $1.7M | 04/2012 |
| Seed | $2.6M | 01/2013 |
| Series A | $5.5M | 01/2014 |
| Series B | $12.5M | 03/2015 |
| Series C | $38.5M | 04/2016 |
| Series C | $23.5M | 09/2016 |
| Series D | $115M | 10/2017 |
| Series E | $135M | 07/2019 |
| Debt Financing | $85M | 07/2019 |
| Series F | $85M | 07/2020 |
Remitly investors
| Investors | Security type |
|---|---|
| Mark Williamson | Seed |
| Techstars Seattle Accelerator | Seed |
| Techstars | Seed |
| Chase Franklin | Seed |
| Trilogy Equity Partners | Seed |
| Founders Co-op | Seed |
| Bezos Expeditions | Seed |
| Geoff Entress | Seed |
| TomorrowVentures | Seed |
| Sujal Patel | Seed |
| Techstars | Seed |
| SK Ventures | Seed |
| Trilogy Equity Partners | Seed |
| Trilogy Equity Partners | Series A |
| QED Investors | Series A |
| Founders Co-op | Series A |
| Bezos Expeditions | Series A |
| TomorrowVentures | Series A |
| SK Ventures | Series A |
| Trilogy Equity Partners | Series B |
| QED Investors | Series B |
| DN Capital | Series B |
| Threshold | Series B |
| Stripes | Series C |
| Trilogy Equity Partners | Series C |
| Vulcan Capital | Series C |
| Bezos Expeditions | Series C |
| DN Capital | Series C |
| Threshold | Series C |
| IFC - International Finance Corporation | Series C |
| SVB Financial Group | Series C |
| Stripes | Series D |
| PayU | Series D |
| DN Capital | Series D |
| Threshold | Series D |
| Generation Investment Management LLP | Series E |
| Stripes | Series E |
| Top Tier Capital Partners | Series E |
| Owl Rock Capital | Series E |
| Princeville Global LLC | Series E |
| Prudential Financial, Inc. | Series E |
| PayU | Series E |
| DN Capital | Series E |
| Schroder & Co Bank AG | Series E |
| The Goldman Sachs Group, Inc. | Debt Financing |
| BARCLAYS PLC | Debt Financing |
| SVB Financial Group | Debt Financing |
| Stripes | Series F |
| Generation Investment Management LLP | Series F |
| Top Tier Capital Partners | Series F |
| Owl Rock Capital | Series F |
| Princeville Global LLC | Series F |
| PayU | Series F |
| DN Capital | Series F |
| Threshold | Series F |
Remitly competitors
Remitly's top competitor, Bank of China USA, earned an annual revenue of $73.2B.
Remitly's smallest competitor is DFJ with revenue of $1.6M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| US Capital Advisors | $64,482 | $15.7M | 99 | - |
| First Empire | $71,866 | $46.3M | 350 | - |
| Agstar Financial Services | $54,250 | $170.0M | 593 | 126 |
| Fahe | $61,892 | $3.4M | 30 | - |
| Glenmede | $66,872 | $130.3M | 200 | 35 |
| Cei (coastal Enterprises, Inc.) | $48,752 | $12.0M | 114 | - |
| Center for Financial Services Innovation | $64,908 | $9.7M | 107 | - |
| Illinois Small Business Growth | $63,994 | $1.6M | 30 | - |
| Bank of China USA | $51,800 | $73.2B | 311,000 | 92 |
| Bitcoin.com | $73,958 | $290.0M | 3,000 | 4 |
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Zippia gives an in-depth look into the details of Remitly, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Remitly. The employee data is based on information from people who have self-reported their past or current employments at Remitly. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Remitly. The data presented on this page does not represent the view of Remitly and its employees or that of Zippia.
Remitly may also be known as or be related to Remitly, Remitly Global, Inc. and Remitly, Inc.