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Remitly Named One of World's Most Innovative Companies by Fast CompanyToday Remitly, the largest independent digital remittance company in North America, was ranked third on Fast Company's 2019 World's Most Innovative Companies list in the Finance category. Fast Company distinguished Remitly for its use of mobile technology and big data to return the billions of dollars in transfer and service fees that have historically been taken from immigrant workers by traditional remittance companies. The company is taking international money transfers to a new level by becoming a must-have service for immigrants who want to stay connected to loved ones. Customers can send money fast and are provided with delivery tracking that gives them peace of mind indicating exactly when their money will arrive with loved ones. "We're deeply honored to be included as one of Fast Company's World's Most Innovative Companies," said Matt Oppenheimer, co-founder, and CEO of Remitly. "We're thrilled for the chance to help immigrant communities around the world, and we're proud of the positive impact we make by disrupting financial services in new ad exciting ways. Most of all, we're inspired by our customers - people who move to a different country in search of a better life, driven by a dream, and anchored by a commitment and promise to help those they leave at home." Since 2011, Remitly has worked to level the playing field for immigrant communities worldwide by making the process of sending money internationally faster, easier, more transparent, and less costly. To date, the company has helped over 1 million customers and recently multiplied its presence to over 50 countries across Africa, Asia, Europe, the Middle East, and South America. For more information about Remitly, visit www.remitly.com. The World's Most Innovative Companies list is Fast Company's signature franchise and one of its most highly anticipated editorial efforts of the year. It provides a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy. About Remitly Remitly is an independent digital remittance company that transfers over $6 billion in annualized volume through its proprietary global money transfer network across Africa, Asia, Central Europe, and South America. Its reliable and easy-to-use mobile app makes the process of sending money faster, easier, more transparent and less costly by eliminating the forms, codes, agents, extra time and fees typical of the traditional, century-old money transfer process. Remitly is backed by industry-leading investors, Naspers' (News - Alert) PayU, Silicon Valley Bank, Stripes Group, DFJ, DN Capital, QED Investors, Trilogy Equity Partners, Bezos Expeditions, Founders' Co-Op, and TomorrowVentures. The company is headquartered in Seattle, with additional offices in London, the Philippines, and Nicaragua. For more information visit remitly.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20190221005257/en/ |
