Added to YB: 2026-09-30
Pitch date: 2026-09-25
RELY [bullish]
Remitly Global, Inc.
+16.22%
current return
Author Info
Kevin Curran spent 25 years as a buy side equity analyst and is now doing his own thing. Focused on financials, fintech, business services, and software, among others. Sign up for the newsletter.
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
$4.6B
Pitch Price
$21.21
Price Target
N/A
Dividend
N/A
EV/EBITDA
19.23
P/E
15.68
EV/Sales
2.21
Sector
Financial Services
Category
growth
Remitly (RELY) $21 No position
RELY (monitor): Remitly is one of the best operators in the large cross-border remittance market, with good growth; its margin trends, new CEO’s tone and 2027 EBITDA revisions merit review. At roughly 6-7x EV/EBITDA one to two years out, valuation appears undemanding. Reduced immigration into the US and Canada has already hurt the stock, while the future pace of immigration action could change. Existing Flywire and BILL exposure would make Remitly more of a trade.
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