FXC Intelligence
Provider of research and analysis on cross-border payments; publisher of the Post-Earnings Call Series
Remitly reports FY2021 revenue $459M (+78% YoY), Q4 $135M (+69%); adds 700+ corridors to reach 2,100
Remitly reported FY2021 revenue of $459M, up 78% year‑over‑year, and Q4 revenue of $135M, up 69%, driven by 90% revenue retention, a 50% increase in active customers, and expansion of over 700 payment corridors to more than 2,100. CEO Matt Oppenheimer says Remitly will continue building its global disbursement network, invest in financial services, and roll out new products to 'reinvent the remittance experience' in 2022.
