Professional
Added to YB: 2026-07-24
Pitch date: 2026-07-20
RELY [bullish]
Remitly Global, Inc.
-4.31%
current return
Author Info
No bio for this author
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
$23.90
Price Target
72.00 (+212%)
Dividend
N/A
EV/EBITDA
28.95
P/E
48.63
EV/Sales
2.55
Sector
Financial Services
Category
growth
Caro-Kann Capital Fund New Position - Remitly Global
RELY (new position): Digital remittance leader w/ scale + counter-positioning moat vs Western Union. Rev +35-40% YoY, adj EBITDA margin 8.5%→22.4% (1Q26), declining SBC. Built position ~$15.55/sh (Dec25-Apr26) at 5.1x 2028 EV/EBITDA (3.6x on author's ests). Buyback announced. 2.5-3x return path by 2028; stock already +50%.
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