At Remitly, we’re bringing trust, reliability, and transparency to international payments and broader financial services.
When Matt co-founded Remitly 11 years ago, his vision was to transform the lives of immigrants and their families by providing the most trusted financial services on the planet. He committed to building a business where customer centricity would be top of mind for every employee, guiding each decision, at every stage of our company’s journey. And as we’ve grown to serve more than 3.8 million active customers, this commitment to the immigrant community has never waivered. As our global footprint has continued to expand, now reaching more than 170 countries, we’ve always prioritized delivering a delightful customer experience that is both culturally and locally relevant, and tailored to meet the unique needs of our customers and their loved ones all over the world.
A few years after Remitly’s inception, and nearly 7,000 miles away, Guy and his fellow Rewire founders were inspired by a vision quite similar to the one driving Matt and the Remitly team. They founded Rewire with a goal to promote financial inclusion for migrants through innovation, simple user experience, and strategic partnerships. As Rewire grew, Guy often looked to Remitly as a role model for its similar dedication to disrupting old ways of doing things in the pursuit of creating real, meaningful change for immigrants and their families.
This concurrent focus on building and innovating for the unique needs of immigrants was – and still is – unique in the financial services industry. Both the Remitly and Rewire journeys began with a firm commitment to serving the approximately 280 million immigrants living and working around the world, and we have kept those unique interests and needs at the heart of the products and services we’ve created. The shared dedication infused the culture, leadership, and missions of both companies, and has equipped us all to think bigger, act more boldly, and deliver exceptional experiences for our customers. The synergies and parallels between Remitly and Rewire’s approaches to serving a historically underserved market, helped each team fill a much-needed niche in financial services. It’s also the reason it was such a natural fit to join forces in our endeavors: Remitly’s acquisition of Rewire officially closed this month, and we’re thrilled to continue the vision and journey together as one Remitly.
Immigrants have an incredible impact on the global economies of the countries to which they immigrate. They bring new perspectives, innovation, and essential skills to the workforce. Their hard work and contributions fuel growth in the places they reside, and the money they send to loved ones back home creates opportunity and a brighter future in the places they left behind. Remittance flows have steadily increased to low and middle income countries over the last several decades – to the tune of nearly $630 billion in remittances worldwide last year– but despite the trends, incumbents have lagged in customer centricity and innovation. At Remitly, we’re working tirelessly to transform international payments with reliable, secure, and transparent transactions; in doing so, we’re ensuring that more money makes it home to immigrants’ families and loved ones, seamlessly and free of hidden fees.
Building on our strong foundation, the acquisition of Rewire supports our continued expansion in key markets, and increases our momentum as we build out our suite of complementary remittance products. We’re excited to see this important milestone further our mission to transform financial services for immigrants around the world. We will continue to deliver on the promises we’ve made so our customers, in turn, can deliver on their promises to loved ones back home.
Here’s to the New Year and a new chapter in Remitly’s journey. We couldn’t be more grateful to have you all alongside us.
Remitly makes international money transfers faster, easier, more transparent, and more affordable. Since 2011, over 5 million people have used our secure mobile app to send money with peace of mind.
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