Remitly, Inc., a Seattle, WA-based online global remittance service, closed a $12.5m Series B funding round.
The round was led by DFJ with participation from DN Capital and existing investors QED Investors and Trilogy Equity Partners. In conjunction with the funding, DFJ partner William Bryant will join Remitly’s board of directors.
The company intends to use the funds to expand its team, scale marketing efforts, and broaden the service to include new countries.
Led by CEO Matt Oppenheimer, Remitly provides a mobile payments service – available on Android, iOS and online – that enables consumers to make person-to-person international money transfers from the United States. It has implemented Apple’s Touch ID for iOS users, and gives Android users the ability to review foreign exchange rates in real time by simply adding a widget to their home screen.
Remitly is authorized to operate in 45 states and has additional offices in the Philippines.
FinSMEs
19/03/2015