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Remitly was founded in 2011 as BeamIt Mobile. [5] [6] The company was initially a search engine for remittance services but shifted into money transfers soon after. [6] It changed its name from BeamIt to Remitly in August 2012. [7] In April 2013, Remitly announced that it would allow its users to send free money transfers to the Philippines. [8]
During his tenure WorldRemit acquired SendWave and Zepz was created as the group business housing both the WorldRemit and SendWave brands and businesses. Breon Corcoran left the organization in August 2022, [6] when Mark Lenhard, former COO of bill.com, was appointed Group CEO of Zepz. [7]
Growth is accelerating for this remittance upstart.
Image source: The Motley Fool. Remitly Global (NASDAQ: RELY) Q4 2024 Earnings Call Feb 19, 2025, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
Remitly, Oppenheimer says, has tackled the challenge of building trust in large part through investing in customer service and embedding it in the corporate culture. And that culture is driven ...
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