Remitly Global Inc is a digital financial services company that specializes in international money transfers. The company was founded in 2011 by Matt Oppenheimer and Josh Hug, with the vision of making cross-border money transfers faster, more convenient, and affordable for individuals around the world.
Remitly's core mission is to provide a seamless and secure platform for people to send and receive money across borders, particularly for those who may not have easy access to traditional banking services. The company aims to help immigrants and their families stay connected by facilitating cost-effective and efficient remittances.
Remitly's platform allows users to send money from various countries to a wide range of destinations, primarily focusing on remittances to countries in Asia, Latin America, and Africa. The company offers both bank deposit and cash pickup options for recipients, providing flexibility and convenience in receiving funds.
Remitly's digital-first approach sets it apart from traditional money transfer services. The company leverages technology to offer competitive exchange rates and lower fees compared to many brick-and-mortar remittance providers. The platform is accessible through both web and mobile applications, enabling users to send money conveniently from their devices.
The company is committed to providing excellent customer service and ensuring the security and reliability of its platform. Remitly employs rigorous security measures to protect user data and funds during transactions, and it complies with regulatory requirements in the countries it operates in.
Remitly has garnered recognition and positive reviews for its user-friendly platform, transparency in fees, and speedy remittance processing. The company's commitment to streamlining the money transfer process and reducing costs for its users has helped it become a trusted and popular choice for international remittances.