Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-40822 Remitly Global, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...

图 Remitly 1 August 2023 / © 2023 Remitly Inc. Investor Presentation Second Quarter 2023 Earnings August 2, 2023 Disclosures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding our future operating results and financial position, including our fisca ...

Remitly Global, Inc. (NASDAQ:RELY) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Stephen Shulstein - Vice President of Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Hemanth Munipalli - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citi Tien-Tsin Huang - JPMorgan Robert Napoli - William Blair Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Zachary Gunn - FT Partners Daniel Krebs - Wolfe Research Operator Good day, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-40822 Remitly Global, Inc. (Exact name of registrant as specified in its charter) | Delaware | 7372 | 83-2301143 | | --- | --- | --- | | (State ...

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Remitly Global, Inc. (NASDAQ:RELY) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Stephen Shulstein - Vice President, Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Hemanth Munipalli - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citi Darrin Peller - Wolfe Research Cris Kennedy - William Blair Will Nance - Goldman Sachs Matthew O'Neill - FT Partners Operator Good day and thank you for standing by. Welcome to the Remitly Fir ...

Financial Performance - The company reported net losses of $114.0 million, $38.8 million, and $32.6 million for the years ended December 31, 2022, 2021, and 2020, respectively [109]. - Revenue for the company was $653.6 million, $458.6 million, and $257.0 million for the years ended December 31, 2022, 2021, and 2020, respectively, with a send volume exceeding $28.6 billion, $20.4 billion, and $12.1 billion for the same years [110]. - The company's consolidated revenue for the year ended December 31, 2022, was $653.6 million, representing a 42.5% increase from $458.6 million in 2021 [397]. - Total costs and expenses for 2022 amounted to $774.6 million, up from $498.3 million in 2021, leading to a loss from operations of $121.0 million [404]. - The net loss attributable to common stockholders for 2022 was $114.0 million, compared to a net loss of $38.8 million in 2021, resulting in a net loss per share of $0.68 [404]. - The company reported a comprehensive loss of $115.0 million for 2022, which includes foreign currency translation adjustments [408]. - The company has incurred an accumulated deficit of $373.5 million as of December 31, 2022, compared to $259.4 million as of December 31, 2021, indicating ongoing operational losses [217]. Growth and Expansion - The company’s headcount grew from over 750 employees at the beginning of 2019 to over 2,700 global employees as of December 31, 2022, indicating rapid growth [104]. - The company intends to continue investing significantly in technology development, new products, and marketing to drive customer acquisition and international expansion [109]. - The company may incur significant operating expenses due to international expansion, which may not be successful [192]. - The company anticipates a decline in growth rate due to various factors, including the increasing scale of the business and the return to work post-COVID-19 pandemic [110]. Compliance and Regulatory Risks - The company is subject to complex privacy laws across multiple jurisdictions, which create compliance challenges and potential liabilities [95]. - The company faces significant compliance and security costs associated with growth and being a public company, which may impact profitability [109]. - The company is subject to numerous privacy and data security laws, which create compliance challenges and potential liabilities [120]. - Non-compliance with anti-money laundering and sanctions laws could lead to fines, penalties, and damage to the company's reputation [155]. - The evolving regulatory environment increases the risk of enforcement actions, fines, and penalties, potentially harming business operations [142]. - The company must maintain necessary money transmission licenses, with non-compliance potentially leading to severe operational consequences [136]. - Regulatory changes could impose additional costs and operational restrictions, affecting the company's ability to provide services effectively [137]. Operational Risks - The company faces risks related to cyber-attacks and data security breaches, which could harm its reputation and financial condition [95]. - The company relies on third-party partners for payment processing and customer support, exposing it to risks outside its direct control, which could negatively impact customer experience [97]. - The company is exposed to operational risks if disbursement partners fail to disburse funds correctly, which could harm customer trust and financial results [171]. - The company has experienced interruptions in service availability due to various events, including cyber-attacks and natural disasters, which could affect customer trust and retention [122]. Market Competition - The remittance market is highly competitive, with traditional banks and digital-first providers posing significant challenges to the company's market position [101]. - The company faces increased competition and regulatory compliance challenges as it expands into new international markets [189]. Currency and Financial Risks - The company is exposed to fluctuations in currency exchange rates, which could negatively impact its operating results [95]. - A significant portion of the company's revenue is generated in currencies other than the U.S. dollar, exposing it to risks from currency exchange rate fluctuations [193]. - A hypothetical 10% strengthening or weakening of the U.S. dollar relative to other currencies would have resulted in a fair value change of approximately $10.2 million and $11.6 million for customer transaction-related assets and liabilities as of December 31, 2022, and December 31, 2021, respectively [383]. Intellectual Property and Brand Risks - The company faces significant challenges in protecting its intellectual property (IP) rights in foreign jurisdictions, which may lead to competitors using its technologies without repercussions [125]. - The company cannot guarantee that its measures to protect proprietary technology and IP rights will be effective against unauthorized use or infringement [128]. - The company has registered domain names for its business, but losing access to these could harm brand recognition and incur significant costs [126]. Financial Management - The company has a $250.0 million revolving credit facility to finance capital requirements, which may be subject to variable interest rates, potentially impacting operating results if rates increase [218]. - The company may require additional capital to respond to business opportunities, especially as the number of customers and transaction volumes increase [219]. - The company's ability to meet capital requirements could be affected by factors such as fraud losses and the inability to collect funds from customers [220]. Employee and Corporate Culture - The company may struggle to maintain its corporate culture during growth and acquisitions, which is critical for employee retention and recruitment [177]. - The company has incurred significant legal, accounting, and compliance costs as a public entity, which are expected to increase further due to regulations such as the Sarbanes-Oxley Act and Dodd-Frank Act [241].

Remitly Global, Inc. (NASDAQ:RELY) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Representatives Matt Oppenheimer - Co-Founder, Chief Executive Officer Hemanth Munipalli - Chief Financial Officer Stephen Shulstein - Vice President, Investor Relations Conference Call Participants Andrew Schmidt - Citi Bob Napoli - William Blair Darrin Peller - Wolfe Research Tien-Tsin Huang - JP Morgan David Scharf - JMP Securities Alex Markgraff - KeyBanc Operator Good day, and thank you for standing ...

Investor Presentation Disclosures Forward-Looking Statements A reconciliation of GAAP to non-GAAP financial measures has been provided in the Appendix included in this presentation. An explanation of these measures is also included in the Appendix within this presentation under the heading "Non-GAAP Financial Measures." We have not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to forecasted GAAP income (loss) before income taxes within this pres ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-40822 Remitly Global, Inc. (Exact name of registrant as specified in its charter) Delaware 7372 83-2301143 (State or other jurisdiction of ...