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Upturn AI SWOT - About
Remitly Global Inc (RELY)
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Upturn Advisory Summary
04/01/2025: RELY (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -19.19% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.19B USD | Price to earnings Ratio - | 1Y Target Price 31.22 |
Price to earnings Ratio - | 1Y Target Price 31.22 | ||
Volume (30-day avg) 2875168 | Beta 0.07 | 52 Weeks Range 11.60 - 27.32 | Updated Date 04/1/2025 |
52 Weeks Range 11.60 - 27.32 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -2.93% | Operating Margin (TTM) -1.06% |
Management Effectiveness
Return on Assets (TTM) -2.3% | Return on Equity (TTM) -6.19% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 3825837688 | Price to Sales(TTM) 3.32 |
Enterprise Value 3825837688 | Price to Sales(TTM) 3.32 | ||
Enterprise Value to Revenue 3.03 | Enterprise Value to EBITDA -33.69 | Shares Outstanding 200607008 | Shares Floating 151685258 |
Shares Outstanding 200607008 | Shares Floating 151685258 | ||
Percent Insiders 5.77 | Percent Institutions 82.64 |
Analyst Ratings
Rating 4.18 | Target Price 25.11 | Buy 5 | Strong Buy 4 |
Buy 5 | Strong Buy 4 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Remitly Global Inc
Company Overview
History and Background
Remitly Global, Inc. was founded in 2011 with the mission of transforming the lives of immigrants and their families by providing the most trusted financial services products. The company's roots are in the founder's experience working in East Africa, observing the inefficiencies of traditional money transfer methods.
Core Business Areas
- Money Transfer Services: Remitly's primary business is providing digital money transfer services, allowing users to send money internationally online and via mobile apps. They cater to immigrants sending money to their home countries.
Leadership and Structure
Matt Oppenheimer is the Co-Founder and CEO. The company has a typical corporate structure with functional departments such as Engineering, Product, Marketing, Finance, and Operations. A board of directors oversees the company's strategy and performance.
Top Products and Market Share
Key Offerings
- Digital Money Transfer: Remitly's core offering is its digital money transfer service. While precise market share data fluctuates, Remitly is a significant player in the digital remittance market. Competitors include Wise (WISE), WorldRemit, Xoom (owned by PayPal PYPL), and traditional players like Western Union (WU) and MoneyGram (MGI). Remitly has served over 5 million customers.
- Economy Transfers: Service allows customer to send money for a lower cost, but may take longer to arrive.
- Express Transfers: Service allows customer to transfer money as quickly as possible for a higher fee.
- Passbook: A digital banking solution for immigrants in the US, offering features like checking accounts and debit cards. The purpose of Passbook is to keep Remitly users engaged with their application and make them more likely to use their money transfer service.
Market Dynamics
Industry Overview
The global remittance market is large and growing, driven by increasing migration and the digitalization of financial services. Competition is intense, with both established players and new entrants vying for market share. Mobile-first strategies and competitive pricing are key success factors.
Positioning
Remitly is positioned as a digital-first, customer-centric provider of money transfer services, focused on the immigrant market. Its competitive advantages include its mobile-first platform, competitive pricing, and focus on specific remittance corridors.
Total Addressable Market (TAM)
The global remittance market is estimated to be several hundred billion dollars annually. Remitly is positioned to capture a significant share of this TAM, focusing on specific geographies and customer segments.
Upturn SWOT Analysis
Strengths
- Mobile-first platform
- Focus on the immigrant market
- Competitive pricing
- Strong brand recognition in key remittance corridors
- Technology-driven operations
Weaknesses
- Reliance on regulatory approvals
- Exposure to currency fluctuations
- Customer support wait times
- High marketing costs to acquire new customers
Opportunities
- Expanding into new remittance corridors
- Offering additional financial services
- Partnerships with banks and other financial institutions
- Further technological innovation
Threats
- Increased competition from established players and new entrants
- Changes in regulations affecting money transfer services
- Economic downturns in key remittance-sending countries
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- WU
- MGI
- PYPL
- WISE
Competitive Landscape
Remitly competes with traditional money transfer companies like Western Union and MoneyGram, as well as digital-first players like Wise (formerly TransferWise) and Xoom. Remitly's strengths include its mobile-first platform and focus on the immigrant market. Its weaknesses include its smaller scale and reliance on regulatory approvals.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Remitly has experienced significant revenue growth in recent years, driven by the increasing adoption of digital money transfer services. The company has also expanded its geographic footprint and customer base.
Future Projections: Future growth projections depend on several factors, including the overall growth of the remittance market, Remitly's ability to attract and retain customers, and its success in expanding into new markets. Analyst estimates can be found on financial websites and research reports.
Recent Initiatives: Remitly's recent initiatives include expanding its product offerings, such as Passbook, and investing in technology to improve its platform and customer experience.
Summary
Remitly is a growing player in the digital remittance market, driven by its focus on the immigrant customer and its mobile-first approach. The company faces intense competition and regulatory hurdles. Remitly's expansion into new products and markets will be crucial for its future growth. Keeping marketing costs down will also be key to making the company consistently profitable.
Similar Companies
- WU
- MGI
- PYPL
- AFRM
- SOFI
Sources and Disclaimers
Data Sources:
- Company SEC filings
- Industry reports
- Financial news websites (e.g., Yahoo Finance, Bloomberg)
- Analyst reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Remitly Global Inc
Exchange NASDAQ | Headquaters Seattle, WA, United States | ||
IPO Launch date 2021-09-23 | Co-Founder, CEO, President & Director Mr. Matthew B. Oppenheimer | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 2800 | Website https://www.remitly.com/us/en |
Full time employees 2800 | Website https://www.remitly.com/us/en | ||
Remitly Global, Inc. engages in the provision of digital financial services in the United States, Canada, and internationally. It offers cross-border remittances and complementary financial services through mobile application and website. Remitly Global, Inc. was incorporated in 2011 and is headquartered in Seattle, Washington.
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