Core Insights - Remitly is hosting its first Investor Day, highlighting its long-term vision and strategic direction [1] - The company aims to showcase the growth potential of its core remittance business [1] - Key executives will present on various aspects of the company's strategy, including product innovation and shareholder value [2] Company Overview - CEO and Co-Founder Matt Oppenheimer will outline the company's long-term vision [1] - Chief Business Officer Pankaj Sharma will discuss the durable growth potential of the remittance business [1] - Chief Product and Technology Officer Ankur Sinha will provide insights into new customer categories and product launches [2] - CFO Vikas Mehta will present plans for driving long-term shareholder value [2]

Summary of Remitly Global Investor Day 2025 Company Overview - **Company**: Remitly Global (NasdaqGS: RELY) - **Event**: First-ever Investor Day held on December 9, 2025 - **Key Speakers**: - Matt Oppenheimer (CEO) - Pankaj Sharma (Chief Business Officer) - Ankur Sinha (Chief Product and Technology Officer) - Vikas Mehta (CFO) Core Industry Insights - **Industry**: Cross-border financial services and remittances - **Market Size**: The global cross-border payments market is over $22 trillion annually, with the consumer segment alone around $2 trillion [16][16] - **Growth Potential**: Remitly is currently capturing only 3% of the consumer cross-border payments volume, indicating significant room for growth [36][36] Key Points and Arguments - **Vision**: Remitly aims to "transform lives with trusted financial services that transcend borders," focusing on trust, reliability, and customer-centric solutions [7][7][8][8] - **Business Model**: The company has a structurally advantaged business model that is GAAP profitable, with projections of nearly $3 billion in revenue and close to $600 million in adjusted EBITDA by 2028 [7][7][30][30] - **Customer Growth**: Active users increased from 1.9 million in 2020 to 9 million in 2025, with send volume growing from $12.1 billion to $70 billion in the same period [16][16][17][17] - **Core Strengths**: - **Trust**: Essential for customer retention, evidenced by high app ratings and Trustpilot scores [19][19] - **Network**: A proprietary global partner and payout network covering over 5,300 corridors and 100 currencies, ensuring fast and reliable transfers [20][20] - **Scale**: Achieved through operational efficiencies and a flywheel effect that enhances free cash flow [22][22][23][23] Technology Trends - **Stablecoins**: Present a significant opportunity for Remitly, allowing customers in emerging markets to hold USD stablecoins as a store of value [24][24][25][25] - **Artificial Intelligence (AI)**: Enhances customer support and operational efficiency, with AI resolving one-third of customer support chats faster than human agents [26][26][27][27] Customer Experience and Retention - **Customer Satisfaction**: High retention rates and customer lifetime value (LTV) driven by trust, speed, and simplicity in service [48][48][49][49] - **Pricing Strategy**: Cost-plus pricing model that balances affordability for customers with sustainable returns for the company [54][54][55][55] Future Growth Strategy - **Geographic Expansion**: Plans to enter new markets, including Saudi Arabia, and expand into high-amount transfers and small-medium businesses [38][38][39][39] - **Product Diversification**: Introduction of new products like Remitly One and Send Now, Pay Later, aimed at enhancing customer relationships and expanding the addressable market [12][12][13][13] Conclusion - **Long-term Vision**: Remitly is positioned for significant growth by leveraging its strengths in trust, network, and scale, while also embracing emerging technologies like stablecoins and AI to enhance customer experience and operational efficiency [28][28][30][30]

Investor Day 2025 December 9, 2025 Welcome and Agenda 2 Dec 2025 / © 2025 Remitly Inc. Matt Oppenheimer Pankaj Sharma Ankur Sinha Vikas Mehta Primary Leadership Team Keynote Speakers | Matt Oppenheimer | Vision and strategic direction | | --- | --- | | Co-founder and CEO | | | Pankaj Sharma | Powering durable growth through global money movement | | Chief Business Officer | | | Ankur Sinha Chief Product & Technology Officer | Innovating with products & platforms | | Vikas Mehta | Driving long-term sharehold ...

Core Insights - Remitly Global, Inc. is hosting its Investor Day to share its vision for building a global financial services company focused on value-added services and high-growth categories [1][2] - The company aims to transform lives with trusted financial services and is committed to delivering meaningful customer impact and long-term shareholder returns through innovation and disciplined execution [3] Financial Outlook - For the full year 2026, Remitly expects revenue growth primarily driven by its core remittance business, with adjusted EBITDA growth projected to exceed 30% at the midpoint [5] - The medium-term financial targets for 2028 include achieving a Rule of 40 framework, aiming for a combined 3-year revenue CAGR and adjusted EBITDA margins of at least 40% [6] - Revenue is anticipated to be in the range of $2.6 billion to $3.0 billion for 2026, with adjusted EBITDA expected between $300 million and $320 million, reflecting a margin of 20%-22% [10]

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Core Thesis - Remitly Global, Inc. is positioned as a strong player in the digital remittance space, with a current share price of $13.23 and a trailing P/E ratio of 150.50, indicating high growth expectations [1][3] Company Overview - Remitly operates a global digital remittance platform, allowing users to send money across borders directly to bank accounts, mobile wallets, or for cash pickup, distinguishing itself from competitors like PayPal and Western Union by focusing solely on digital remittances [2] - The company has recently expanded into digital wallets and SMB remittance, enhancing its ecosystem [2] Financial Performance - Remitly has over 8 million active users and is experiencing operating leverage, with revenue growth outpacing cost increases, leading to margin expansion and improved operating income [3] - The company is at a pivotal point, similar to Uber before it became profitable, with the potential to generate several hundred million dollars in free cash flow within a few years, making its current valuation of $3.5 billion attractive [3] Market Dynamics - The long-term growth potential of Remitly is contingent on its ability to sustain high growth and defend its market position against competitors like Wise, Western Union, and PayPal, as well as emerging crypto-based remittance solutions [4] - The addressable market for Remitly is closely linked to global migration patterns, particularly key corridors from the U.S. to the Philippines, India, and Mexico [4] Investment Sentiment - Despite a 38.11% decline in stock price since previous coverage, the bullish thesis remains intact due to Remitly's improving operating leverage and potential for free cash flow inflection [5] - Remitly is not among the 30 most popular stocks among hedge funds, with 39 hedge fund portfolios holding RELY at the end of Q2, down from 46 in the previous quarter [6]

Remitly Global Inc. (NASDAQ:RELY) is one of the best falling stocks to buy, according to Wall Street analysts. Remitly Global Inc. (NASDAQ:RELY) holds a Strong Buy consensus from 7 analysts, all issuing Buy ratings. The average price target is $24.20, with forecasts ranging from $18 to $32, implying a 78.66% upside from the current $13.55. Remitly’s (RELY) Record Q3 Performance Powers Upbeat Analyst Targets and a Strong Buy Consensus Previously on November 5, the company’s Chief Executive Officer, Matt O ...

Company Overview - Remitly Global focuses on leveraging digital infrastructure to provide secure, efficient, and accessible money transfer services, particularly targeting immigrant communities worldwide [1][5] - The company operates a technology-driven platform that facilitates international money transfers across approximately 150 countries [4][5] Recent Developments - As of November 13, 2025, shares of Remitly Global were priced at $12.49, reflecting a decline of 38.3% over the past year, underperforming the S&P 500 by 48.83 percentage points [2] - Divisadero Street Capital Management, LP significantly reduced its position in Remitly Global by selling 5,036,343 shares, resulting in a remaining stake of just 61,463 shares valued at $1,001,847 as of September 30, 2025 [3][4] Financial Impact - The divestment represented a decrease in position value of approximately $94.68 million, accounting for 0.04% of the fund's $2.29 billion reportable assets under management (AUM) [2][3][4] - The transaction indicated a 3.94% change relative to the fund's reportable AUM [3][4] Market Context - The digital remittance market is becoming increasingly competitive, with rivals like Wise and various fintech wallets driving prices lower, while traditional banks and money-transfer operators are enhancing their offerings through promotions and loyalty programs [7] - High customer acquisition costs and tightening regulatory requirements are challenges that the company faces in maintaining its market position [7] Future Outlook - Investors are now focused on Remitly's path to profitability and the stability of customer behavior across economic cycles, with the potential for the company to expand its role in the evolving remittance ecosystem if it can widen margins without losing core users [8]

Core Insights - Divisadero Street Capital Management's significant selloff of Remitly Global shares signals a shift in investor confidence regarding the company's position in the digital remittance market [1][8] - The reduction in holdings from approximately $94.68 million to just $1.00 million indicates a reevaluation of Remitly's long-term growth potential amidst changing market dynamics [2][3] Company Overview - Remitly Global has a market capitalization of $2.61 billion and reported a revenue of $1.54 billion with a net income of $20.99 million for the trailing twelve months [4] - The company's share price as of November 13, 2025, was $12.49, reflecting a 38.3% decline over the past year, significantly underperforming the S&P 500 by 48.83 percentage points [3] Business Model and Strategy - Remitly operates in the digital remittance industry, providing services across approximately 150 countries, primarily targeting immigrant families with cross-border financial needs [5][7] - The company's strategy focuses on leveraging technology to deliver secure and efficient money transfer services, emphasizing customer experience and addressing the unique needs of its target demographic [5][7] Market Dynamics - The competitive landscape has evolved, with digital-first competitors like Wise and various fintech wallets driving prices lower, while traditional banks and money-transfer operators are enhancing their offerings through promotions [9] - High customer acquisition costs and tightening regulatory requirements pose challenges for Remitly, necessitating a focus on expanding contribution margins as transaction volumes increase [9] Future Outlook - Investors are now closely monitoring Remitly's path to profitability and the stability of its customer base across different economic conditions [10] - If Remitly can successfully widen its margins without alienating core users, it may solidify its position in the evolving remittance ecosystem [10]

Core Viewpoint - Remitly Global's strong earnings report was overshadowed by concerns over slowing growth and rising credit risk, leading to a significant sell-off in its stock despite solid performance metrics [1][6]. Financial Performance - In the third quarter, Remitly reported a 21% increase in active customers, reaching 8.9 million, and a 35% rise in send volume to $19.5 billion, resulting in a 25% revenue increase to $419.5 million, surpassing the consensus estimate of $413.7 million [5]. - Adjusted EBITDA rose by 29% to $61.2 million, indicating strong operational performance [5]. Market Reaction - The stock hit a 52-week low and finished down 16% for the month, reflecting investor disappointment despite the positive earnings report [2][4]. - The sell-off was exacerbated by management's guidance for the fourth quarter, projecting revenue of $426 million to $428 million, which was below the consensus estimate of $430.5 million [7]. Growth Outlook - Management indicated that revenue growth is slowing, with expectations of high teens growth in 2026, suggesting potential maturation of the core business [8]. - Despite the slowing growth, Remitly is currently trading at a price-to-sales ratio of less than 2 and 12 times its expected EBITDA for the full year, indicating it may be undervalued [8]. Strategic Initiatives - The company is expanding its platform with new products like Remitly Business and the Remitly One membership program, which includes features such as "send now, pay later" and stablecoin transfers [6]. - Targeting high-value senders and recent product expansions suggest that there is still significant upside potential for the stock [9].