Ingrid Lunden

Remitly Raises $115M Led by Naspers’ PayU to Expand Digital Remittance Services, Hits $4B Annual Send Volume

Remitly is raising $115 million in a Series D round led by Naspers' PayU to expand its digital remittance services amid significant growth, increasing its annual send volume to nearly $4 billion. The company has expanded into seven new South American markets and the UK to better compete with traditional remittance providers.