Thursday
July 30
2020

Fintech Startup Remitly Raises $85M

By Sophia Kunthara

Fintech startup Remitly has raised $85 million in a new round of funding, bumping its valuation up to $1.5 billion.

Remitly facilitates international money transfers. More specifically, the company is focused on helping immigrants send remittances back to family members still living in their home country.

Photo courtesy of AMISOM Public Information

Source: Crunchbase News (link opens in a new window)

Categories
Finance
Tags
banking, cash transfers, coronavirus, digital banking, fintech, immigrants, remittances, startups