Remitly raises another $38M, adds World Bank’s IFC as it pushes into emerging markets

Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and the “unbanked”, is today announcing that it has raised $38.5 million, as well as expansion to seven more countries in Latin America. The funding, which brings the total raised by Remitly to just under $100 million, comes just nine months after Remitly raised the same amount in a Series C round, and underscores how the company is trying to seize a moment of growth.

Spotlight

In fast-paced services industries, savvy CFOs are tracking numerous key metrics like net income, current ratios, working capital, cash balance, DSO, gross margins, and more. But the one metric that may matter more than any other for long-term growth for professional services firms: project profitability. The nature of the “proje


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Spotlight

In fast-paced services industries, savvy CFOs are tracking numerous key metrics like net income, current ratios, working capital, cash balance, DSO, gross margins, and more. But the one metric that may matter more than any other for long-term growth for professional services firms: project profitability. The nature of the “proje

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