Financing ·
Remitly increases secured revolving credit facility to $1B and letter of credit sub-facility to $400M
RELYRemitly Global, Inc.
On October 26, 2026, Remitly Global entered into Amendment No. 2 to its Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent. The amendment increases the aggregate amount of the secured revolving credit facility from $550 million to $1 billion and raises the letter of credit sub-facility from $200 million to $400 million. Remitly anticipates using the proceeds primarily to support prefunding of customer flows within its global remittance business and for general corporate purposes. The company operates in the financial technology sector, providing digital money transfer services.