Emerging Trends and Challenges
FTPartnersResearch-GlobalMoneyTransferTrends
FTPartnersResearch-GlobalMoneyTransferTrends
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“<strong>Emerging</strong> Consumer Remittance Providers”<br />
Selected Company Profiles (cont.)<br />
Products & Services Overview<br />
Send money to the following countries via a mobile app or online:<br />
Company Overview<br />
CEO:<br />
Headquarters:<br />
Matthew Oppenheimer<br />
Seattle, WA<br />
Founded: 2011<br />
• Remitly provides consumer-centric, mobile money transfer<br />
services to the Philippines, India, <strong>and</strong> Mexico<br />
• Remitly completed over 1 million transactions last year <strong>and</strong> is<br />
sending more than $1 billion annually<br />
• Based on volume <strong>and</strong> number of transactions, the Company<br />
is one of the largest independent digital money transmitters in<br />
the USA<br />
• The Company’s product strategy is intentionally focused on<br />
targeting the largest global corridors first<br />
Transaction History<br />
Date $ mm Type Acquirer / Investor (s)<br />
04/26/16 $39 Financing<br />
03/19/15 13 Financing<br />
01/06/14 6 Financing<br />
04/01/12 5 Financing<br />
Stripes Group; DFJ; DN Capital;<br />
Bezos Expeditions; Vulcan<br />
Capital; Trilogy Equity Partners<br />
DN Capital; Draper Fisher<br />
Jurvetson; QED Investors;<br />
Trilogy Equity Partners<br />
QED Investors; Trilogy Equity<br />
Partners; Founder’s Co-op;<br />
TomorrowVentures; Bezos<br />
Expeditions<br />
Founder’s Co-op; Trilogy Equity<br />
Partners; Bezos Expeditions;<br />
TomorrowVentures; TechStars<br />
Source: Company website, FT Partners proprietary database, Capital IQ, Crunchbase.<br />
Key Highlights<br />
• Mobile First: Among the highest rated mobile apps in the category<br />
• Low Fees: Transparent <strong>and</strong> fair fees <strong>and</strong> foreign exchange<br />
• Risk Management: Industry leading fraud, compliance <strong>and</strong> risk<br />
systems contributing to the lowest fraud loss rate<br />
• Timely: Only payment specialist to offer exact delivery day <strong>and</strong> time<br />
• Compliance: Licensed money transmitter in 49 states<br />
• Network: Strong relationships with top tier US <strong>and</strong> global banks;<br />
proprietary cash out network (20,000 locations) <strong>and</strong> ability to do instant<br />
deposits<br />
• Operations: Scalable 24/7 support in English <strong>and</strong> Spanish<br />
• Marketing: Data driven with strong LTV / CAC ratio <strong>and</strong> efficiency<br />
Mobile App Send / Receive Track Transfers<br />
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