Professional
Added to YB: 2025-05-19
Pitch date: 2025-05-16
RELY [neutral]
Remitly Global, Inc.
+7.35%
current return
Author Info
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Company Info
Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$5.0B
Pitch Price
$22.57
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.84
P/E
48.47
EV/Sales
2.54
Sector
Financial Services
Category
special_situation
A Painful Trim - (NAS:RELY)
RELY trimmed position: Reduced position by 50% due to Trump policy proposing 5% remittance tax on non-citizen legal residents, potentially doubling costs for key customers. No exposure to illegal immigrants. Legal issues: may violate Equal Protection/Commerce Clause. Will buy again if amended to exempt legal residents.
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