What's Behind Naspers's Steady Exit From Remitly?

Naspers Ltd., the South African media and technology conglomerate, sold 12 million Remitly shares on March 12 for roughly $191.8 million — its second large block sale in under a year. A similar 11.9 million-share disposal came in May 2025. Combined, the two moves have cut Naspers's indirect stake roughly in half, and this latest sale drops it below the 10% ownership threshold that triggers enhanced SEC reporting.The company targets immigrant communities as its primary customer base, focusing on individuals ...