Recent Updates — RELY

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.

Remitly Global, Inc. reported financial results for the fiscal quarter ended June 30, 2026, announcing record revenue of $495.2 million, a 20% year-over-year increase. Net income reached $205.9 million, inclusive of a $140.6 million discrete tax benefit from the U.S. valuation allowance release, while Adjusted EBITDA rose 79% to $114.7 million. The company surpassed 10 million quarterly active customers for the first time and saw send volume grow 27% to $23.5 billion. Remitly raised its full-year 2026 revenue outlook to a range of $1.978 billion to $1.988 billion, representing 21% to 22% growth, and projected third-quarter revenue between $505 million and $507 million. The company operates in the cross-border financial services industry, providing digital money transfer solutions for consumers and businesses.

Ankur Sinha, the Chief Product and Technology Officer of Remitly Global, Inc., has resigned from his position effective June 19, 2026. The company stated that his resignation was not due to any disagreement regarding financial reporting or accounting policies.