Remitly Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Remitly

Access the complete profile.

Remitly Fast Facts

Revenue	$100 - $500 million    See Exact Annual Revenue
Employees	500 - 1,000Exact Company Size
Primary Industry	5416 Management, Scientific & Technical Consulting Services
Additional NAICS Codes	5223 Credit Intermediation
Address	1111 3rd Ave, Suite 2100 Seattle, WA 98101

Note: Revenues for privately held companies are statistical evaluations.


Remitly's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Remitly's annual revenues are $100 - $500 million (see exact revenue data)
• What industry is the company in?
  • Remitly is classified as operating in the Management, Scientific & Technical Consulting Services industry, NAICS Code 5416.

Remitly Annual Revenue and Growth Rate

Remitly	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$100 - $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Remitly's revenues are gauged from an analysis of company filings.

Remitly's Income Statement (based on Industry Averages)

Remitly P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Investor Activity

Remitly has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date	Investors	Percent Raised	Target Size
November 22, 2017	1	70%	$115 MM
Complete list of funding rounds and total amounts in the Company Report

Trademark Applications

Trademark applications show the products and services that Remitly is developing and marketing. Remitly's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
REMITLY CIRCLE software	09/07/2023
MONEYBOOST Short-term loan financing	03/31/2022
PASSBOOK BY REMITLY Credit card payment processing services	09/16/2019

See all trademarks and details in the Full Report.

Market Share of Remitly's Largest Competitors

A competitive analysis shows these companies are in the same general field as Remitly, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
LCP HAMPTON BEACH HOSPITALITY	Plymouth, MA	100
BOOZ ALLEN HAMILTON	Mclean, VA	16
ACCENTURE	Chicago, IL	14
MCKINSEY	New York, NY	12
DELAWARE NORTH COMPANIES	Buffalo, NY	6
ATLAS TECHNOLOGY SOLUTIONS	Chicago, IL	5
MAXIMUS SERVICES	Mclean, VA	5
WILLIS TOWERS WATSON US	Arlington, VA	4
KBR HOLDINGS	Houston, TX	3

Nearby Competitors

These companies are similar in business line and location to Remitly. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
SLALOM	Seattle, WA	100
ACCOLADE	Seattle, WA	16
POINT B	Seattle, WA	9
REMITLY	Seattle, WA	6
BRIGHTWORK CONSULTING	Seattle, WA	4
COMAGINE HEALTH	Seattle, WA	3

Future Competition: Remitly's Fastest Growing Competitors

These companies are in the same general field as Remitly and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)