Remitly, the mobile-first provider of remittances and financial services for immigrants, announced new funding from Visa. The world leader in digital payments has made an equity investment in the digital provider. This new funding from Visa comes on the heels of Remitly’s $85 million Series F round in July 2020.
Since the start of 2020, Remitly has more than doubled its reach in the number of available receive countries, from 49 to over 100 – while also launching send functionality in Singapore. Remitly’s mobile wallet network also expanded by more than 100 percent worldwide.
“Over the last two years, our partnership with Visa and integration of Visa Direct, has bolstered our cross-border money transfer network and provided our customers with even more options to send and receive money all over the world,” said Matt Oppenheimer, Remitly Co-Founder and CEO.
“Remittances are a lifeline for the 200 million workers around the world who rely on this service to quickly and securely move money to their families,” said Ruben Salazar, SVP and Global Head of Visa Direct, Visa. “By expanding on our collaboration with Remitly through Visa Direct, we look forward to unlocking new corridors and help give people more options to digitally send and receive funds to friends and family around the world.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
