How Much Did Remitly Raise? Headquarters, Funding & Key Investors

Remitly has raised $436M across multiple rounds, including an $85M Series F in July 2020, backed by investors such as Stripes, Prosus, and Visa. Their earlier rounds contributed significantly to scaling operations before going public. Founded in 2011, Remitly is a leading digital remittance platform enabling cross-border payments through bank deposits, cash pickups, and mobile wallets. Funding has supported global expansion, licensing, compliance infrastructure, and advanced fraud prevention, helping Remitly strengthen its position in the fast-growing digital money transfer market.

How Much Did Remitly Raise? Funding & Key Investors

Remitly provides an affordable and transparent digital alternative to traditional money transfer operators. The platform enables millions of migrants to send money internationally with faster delivery options and significantly lower fees. Remitly simplifies global remittances through an intuitive mobile experience, AI-driven compliance checks, currency-tracking capabilities, and localized partner networks worldwide. With service coverage across dozens of countries, it supports bank deposits, cash pickup points, mobile wallets, and home delivery in selected markets, all backed by bank-level security and a mission to improve global financial access.

What Is Remitly and What Does It Do?

Remitly, founded in 2011 by Matt Oppenheimer, Sharif Yusuf, and Josh Hug, is a Seattle-based (United States)provider of cross-border digital remittance services.
Remitly employs 2,700+ people, powering a secure platform that allows users to send money across countries through bank transfers, mobile wallets, and cash pickup locations. The app offers competitive rates, real-time tracking, fraud-prevention systems, and a simple onboarding process. Its infrastructure integrates compliance automation, global payout partners, and instant transfer rails to make international remittances faster, transparent, and more reliable.

How Much Funding Has Remitly Raised?

1. Series F

Amount Raised: $85M
Date: Jul 29, 2020
Lead Investors: Not disclosed
Motivation: Expand global remittance corridors and strengthen compliance & risk-management infrastructure.

Total Funding Raised: $436M

Latest Funding Date: July 2020

Key Investors

1. Stripes

Details: Growth equity firm backing high-performing technology businesses.
Investment Focus Areas: Fintech, SaaS, e-commerce, consumer brands.
Notable Investments: Monday.com, Sift, Udemy, On Running, Remitly.

2. Prosus Ventures

Details: Global consumer-internet investor focusing on emerging markets.
Investment Focus Areas: Fintech, classifieds, food delivery, mobility.
Notable Investments: PayU, Byju’s, Swiggy, Meituan, iFood.

3. Visa

Details: Global leader in digital payments infrastructure.
Investment Focus Areas: Fintech, payment rails, fraud prevention, settlement systems.
Notable Investments: Square, Stripe, Klarna, Marqeta, Paymate.

Where Is Remitly’s Headquarters?

Remitly is headquartered in Seattle, Washington, enabling access to top fintech talent and proximity to global payment infrastructure partners.

What’s Next for Remitly?

Remitly plans to expand payout partnerships, improve instant transfer coverage, and scale AI-driven risk assessment tools. The company also aims to enter new remittance corridors and strengthen its mobile financial services ecosystem globally.

Get Investor & Funding Insights with TexAu

TexAu helps sales and business teams uncover detailed fundraising information on companies like Remitly. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.

Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.