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Upturn AI SWOT - About
Remitly Global Inc (RELY)
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Upturn Advisory Summary
07/08/2025: RELY (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
12 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $27.79
1 Year Target Price $27.79
| 4 | Strong Buy |
| 6 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 37.46% | Avg. Invested days 57 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 07/08/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.78B USD | Price to earnings Ratio - | 1Y Target Price 27.79 |
Price to earnings Ratio - | 1Y Target Price 27.79 | ||
Volume (30-day avg) 12 | Beta 0.18 | 52 Weeks Range 12.33 - 27.32 | Updated Date 07/8/2025 |
52 Weeks Range 12.33 - 27.32 | Updated Date 07/8/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.03 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-06-12 | When After Market | Estimate -0.14 | Actual 0.1939 |
Profitability
Profit Margin -0.34% | Operating Margin (TTM) 3.38% |
Management Effectiveness
Return on Assets (TTM) -0.36% | Return on Equity (TTM) -0.71% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 3302803123 | Price to Sales(TTM) 2.78 |
Enterprise Value 3302803123 | Price to Sales(TTM) 2.78 | ||
Enterprise Value to Revenue 2.43 | Enterprise Value to EBITDA 116.64 | Shares Outstanding 203859008 | Shares Floating 167047846 |
Shares Outstanding 203859008 | Shares Floating 167047846 | ||
Percent Insiders 5.57 | Percent Institutions 80.33 |
Upturn AI SWOT
Remitly Global Inc
Company Overview
History and Background
Remitly Global Inc. was founded in 2011 with the mission of transforming the lives of immigrants and their families by providing the most trusted financial service products in the world. It started as BeamIt Mobile Payments and has grown into a global remittances platform.
Core Business Areas
- Global Remittances: Remitly enables customers to send money online to recipients in other countries through its digital platform.
- Passbook: Passbook is a banking product designed for immigrants in the U.S., offering features such as debit cards, savings accounts, and bill payment services.
- Small Business Solutions: Services for small immigrant-owned businesses, including financial products.
Leadership and Structure
Matt Oppenheimer is the co-founder and CEO. The company has a typical corporate structure with various departments headed by vice presidents and directors.
Top Products and Market Share
Key Offerings
- Global Money Transfers: Remitly's core offering facilitates international money transfers. Estimated market share in the global digital remittance market is approximately 4.7% in 2023. Competitors include Western Union, MoneyGram, Wise, and Xoom (PayPal). Revenue from this product constitutes the vast majority of Remitly's total revenue. Remitly has over 6 million active customers.
- Passbook: Passbook is a digital banking solution for immigrants. Market share is not publicly available. Competitors include traditional banks and other fintech companies like Chime and Varo.
Market Dynamics
Industry Overview
The global remittance market is large and growing, driven by increasing migration and digitization. The industry is becoming more competitive with the entry of fintech companies offering lower fees and faster transfers.
Positioning
Remitly is positioned as a technology-driven provider focused on serving immigrants. Its competitive advantages include a user-friendly platform, competitive pricing, and a focus on specific corridors.
Total Addressable Market (TAM)
The global remittance market is estimated to be worth over $800 billion. Remitly is positioned to capture a larger share of this market through its focus on digital channels and specific customer segments.
Upturn SWOT Analysis
Strengths
- Strong brand recognition among immigrants
- User-friendly digital platform
- Competitive pricing
- Focus on specific remittance corridors
- Strong technology infrastructure
Weaknesses
- Reliance on remittance corridors exposes them to regulatory risks
- High customer acquisition costs
- Vulnerable to fraud and compliance issues
- Profitability concerns
- Limited diversification beyond remittances
Opportunities
- Expanding into new remittance corridors
- Offering additional financial products (e.g., loans, insurance)
- Partnering with other financial institutions
- Acquiring smaller remittance companies
- Leveraging data analytics to improve customer experience
Threats
- Increased competition from established players and new entrants
- Fluctuations in exchange rates
- Changes in regulatory environment
- Economic downturns impacting remittance flows
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- WU
- MGAM
- PYPL
Competitive Landscape
Remitly competes with traditional remittance providers (Western Union, MoneyGram) and other fintech companies (Wise, Xoom). Remitly's advantages include its focus on digital channels, competitive pricing, and a user-friendly platform.
Major Acquisitions
Charged
- Year: 2023
- Acquisition Price (USD millions): 0
- Strategic Rationale: Provides fraud mitigation tools to improve compliance and security.
Growth Trajectory and Initiatives
Historical Growth: Remitly has experienced rapid growth in recent years, driven by the increasing adoption of digital remittance services.
Future Projections: Analysts expect Remitly to continue to grow rapidly in the coming years, driven by the increasing adoption of digital remittance services. However, profitability remains a key concern.
Recent Initiatives: Expanding into new markets, launching new products (e.g., Passbook), and investing in technology.
Summary
Remitly is a fast-growing company disrupting the global remittance market with its digital platform. While revenue growth is strong, profitability remains a key challenge. The company faces increasing competition and regulatory risks, but also has significant opportunities to expand its product offerings and market reach. Its strong brand among immigrants and user-friendly platform should help it continue to gain market share, but it must keep improving its efficiency and manage risks effectively.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Market Research Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Remitly Global Inc
Exchange NASDAQ | Headquaters Seattle, WA, United States | ||
IPO Launch date 2021-09-23 | Co-Founder, CEO, President & Director Mr. Matthew B. Oppenheimer | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 2800 | Website https://www.remitly.com/us/en |
Full time employees 2800 | Website https://www.remitly.com/us/en | ||
Remitly Global, Inc. engages in the provision of digital financial services in the United States, Canada, and internationally. It offers cross-border remittances and complementary financial services through mobile application and website. Remitly Global, Inc. was incorporated in 2011 and is headquartered in Seattle, Washington.
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