Digital Financial Services / Cross-Border Payments / Fintech
Strategic Profile
Remitly is expanding beyond core remittances into high-growth categories like Business and Receivers, introducing value-added financial services. The company launched Send Now, Pay Later with ~120K users and Business payments expanding TAM by 10x. Remitly targets Rule of 40 framework with 3-year revenue CAGR and Adjusted EBITDA margins totaling at least 40% by 2028.
Cyborg Score Rationale
2025 delivered $1.635B revenue (29% growth) with first full-year GAAP profitability of $67.9M and 16.6% Adjusted EBITDA margin. Q4 2025 revenue exceeded expectations at $442.2M, up 25.7% year-over-year. Q4 2025 EPS of $0.19 beat estimates of $0.10 by 90%.
Top Insights
High-volume sender momentum with 40%+ volume growth for customers sending $1K+, demonstrating strong demand in larger transaction segments
FY2026 revenue growth driven by core remittance strength with Adjusted EBITDA growth exceeding 30% reflecting operating leverage
Dramatic profitability turnaround with Q4 2025 EPS of $0.19 vs. -$0.03 in Q4 2024, signaling operational maturity
35.8% three-year revenue growth with 29.2% average annual active customer growth, showing scalable unit economics with operating leverage
Named Competitors
Wise (formerly TransferWise) — International money transfer with competitive exchange rates
Western Union — Legacy remittance player with broad agent network
MoneyGram — Global money movement with agent and digital options
Bill.com — Digital payments platform for business and individuals
Recent Developments
(February 2026) Q4 2025 earnings exceeded expectations with EPS of $0.19 beating estimates
(December 2025) Outlined medium-term 2028 targets with revenue guidance of $2.6-3.0B and Adjusted EBITDA of $575-600M (20-22% margin)
(February 2026) Sebastian Gunningham announced as incoming CEO to replace founder Matt Oppenheimer
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