Added to YB: 2024-09-05
Pitch date: 2024-09-04
RELY [bullish]
Remitly Global, Inc.
+7.17%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Remitly Global, Inc. engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$3.1B
Pitch Price
$13.53
Price Target
N/A
Dividend
N/A
EV/EBITDA
45.64
P/E
155.44
EV/Sales
1.70
Sector
Financial Services
Category
growth
Show full summary:
Remitly: A Hidden Payments Company Winning the Remittance Market
RELY: Digital remittance app gaining market share despite 72% stock drop since IPO. Flexible receipt options, lower costs vs. legacy providers, localized marketing driving adoption. Digital-native model enables higher marketing spend, fueling growth. Innovator's dilemma winner in remittance industry.
Read full article (1 min)