remitly
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Featured Article
It turns out fintech is worth as much as SaaS
The lesson appears to be that revenue growth matters more than near-term margins for fintech companies, allowing them to secure valuations that far surpass their final private marks.
The saying goes that, “You can’t teach an old dog new tricks.” That may or may not be true, but at least one “old dog” is working hard to disprove…
Remittances — when people send money internationally to family and friends, or as a payment — has long been one of the most important levers for getting funds to people…
As the US flirts with extreme market volatility and the possibility of its first recession since 2008, it’s amazing to think how much consumer financial services have changed in that…
Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer base. Today,…
Featured Article
It’s time for tech startups to get political
We’ve found that when you have a clear message and a clear mission, even a startup can make a big difference.
Companies in Seattle raised a record $3.5B in VC funding this year.
OKRs, or Objectives and Key Results, are a popular planning method in Silicon Valley. Like most of those methods that make you fill in some form once every quarter, I’m…
Visa pitches a program offering fintechs faster market access through an ecosystem of partners
Visa is pitching a new way for startups in the fintech space to get to market faster by using its rails and a group of pre-approved partners. The Fast Track…
Remitly raises $220M to expand from money transfers to financial services, now at ~$1B valuation
When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues to be…
PayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India. It has…
Security breaches, where malicious hackers obtain snippets of information that then get used to impersonate individuals in order to gain access to individuals’ and businesses’ sensitive financial and other private…
Techstars is announcing Techstars Studio, its latest attempt to bring corporations closer to the startup ecosystem.
International remittances continues to be one of the biggest financial services in developing countries, with $450 billion getting sent from countries like the U.S. to emerging markets in 2017 alone, according…
Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and…
Pundits are painting a picture of doom and gloom for startups, saying it will be harder to raise money. What do you think? I think the next several months and…
Remittances are a huge business, with $582 billion transferred in 2015 and $432 billion of that sent specifically to emerging markets, according to the World Bank. Today, one of the bigger startups in the field has raised some funds…
While Facebook moves deeper into using its Messenger platform as a vehicle for people to transfer money to each other, an app built for helping people transfer money is adding…
Though the tech world is frothing over the potential found in new cryptocurrencies like Bitcoin, other companies have been working to solve the very real (if less buzzy) needs of…
Mobile payments platform Remitly (formerly BeamIt), which allows U.S. users to transfer money overseas, has raised an additional $2.6 million, bringing its total raise to date to $5.1 million. The new investment comes…
