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Immigrants send $700 billion home every year. They shouldn't pay 8% in fees for the privilege.
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I lived in Kenya and saw firsthand how broken international money transfers were. That's why Remitly exists.
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Every Remitly transfer represents a family connection. Someone is sending money to someone they love.
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Western Union has 500,000 physical locations. We have a phone app. The phone is winning.
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We process $40 billion annually. That's still less than 10% of the global remittance market. The opportunity is massive.
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Trust is everything when you're handling someone's hard-earned money that's going to their family overseas.