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Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September 2021.
The profitability of the remittance market, along with the growth of Electronic Funds Transfer technologies has also led to the creation of numerous internet based remittance companies such as XOOM and Remitly. [8] Alternative digital business models were deployed by RegaloCard [9] and Priver providing free and instant transfers via mobile [10]
Rewire by Remitly is a digital financial platform operated by the fintech company Remitly in Israel that provides online financial services tailored to migrant workers. The platform provides remittance services for workers to transfer funds back home. The Rewire by Remitly platform was originally built by the Israeli startup Rewire which was ...
Regular money transfer versus peer-to-peer money transfer, as used by Wise. Wise was cofounded in London by Taavet Hinrikus, one of the first employees of Skype, [8] and Kristo Käärmann, a Deloitte management consultant.
WorldRemit was founded in 2010 by Ismail Ahmed, a former compliance advisor to the United Nations Development Programme. [4] In October 2018, the company announced that they would be bringing in Breon Corcoran as CEO. [5]
Azimo B.V. was an online remittance service headquartered in Amsterdam, Netherlands.It also had offices in Kraków, Poland. [2]Azimo offered money transfers to 190 receiving countries in over 80 different currencies.
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