# Remitly

> Source: https://docs.barcoder.ai/docs/wallets/remitly-app
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Remitly — official](https://www.remitly.com/)

## Key details

- **Launch:** 2011

## Overview

**Remitly** is **NASDAQ: RELY** + **US-based mobile-first global money transfer + remittance** + **founded 2011 by Matt Oppenheimer + Josh Hug + Shivaas Gulati in Seattle** + **one of US's largest mobile-first remittance platforms** + **~7.5M+ annual Remitly customers worldwide** <sup>[1][1], [United States report](https://docs.barcoder.ai/docs/payments/US)</sup>.

## History

**2011 — Remitly founded by Matt Oppenheimer + Josh Hug + Shivaas Gulati in Seattle as US-based mobile-first global money transfer + remittance** distinctive US mobile-first remittance heritage.

**Sep 23 2021 — Remitly NASDAQ IPO under ticker RELY**.

## Ownership & operator

**Operating entity**: **Remitly Global Inc** (US-based mobile-first global money transfer + remittance; NASDAQ: RELY).

**Major shareholders**: **US + international retail + institutional + foreign investors free float**.

**Regulators**: **FinCEN + Federal Reserve + state regulators + national regulators across 170+ countries**.

## Technical integration

Remitly mobile app (iOS + Android; ~7.5M+ annual Remitly customers worldwide) + remitly.com online + Remitly Visa + Mastercard cards; ACH + SWIFT + FedNow + bank account transfers + cash pickup + mobile wallet transfers.

## Implementations & partners

**Major US-based + global money transfer + remittance competitors**: [Western Union](https://docs.barcoder.ai/docs/wallets/western-union) (Western Union; NYSE: WU; US-based global money transfer + remittance operator + retail agent network; world's largest money transfer + remittance network by transaction volume) + [MoneyGram](https://docs.barcoder.ai/docs/wallets/moneygram) (MoneyGram International; US-based global money transfer + remittance operator + retail agent network) + [Ria Money Transfer](https://docs.barcoder.ai/docs/wallets/ria-money-transfer) (Ria Money Transfer; Euronet Worldwide NASDAQ: EEFT US-based subsidiary global money transfer + remittance) + [WorldRemit (Zepz)](https://docs.barcoder.ai/docs/wallets/worldremit) (WorldRemit Zepz; UK-based mobile-first global money transfer + remittance) + [Wise (formerly TransferWise)](https://docs.barcoder.ai/docs/wallets/wise) (Wise; UK + global multi-currency account + cross-border transfers) + [Xoom (PayPal)](https://docs.barcoder.ai/docs/wallets/xoom) (Xoom PayPal-owned US-based global money transfer + remittance) + [PayPal](https://docs.barcoder.ai/docs/wallets/paypal) (PayPal; NASDAQ: PYPL; US-based global digital payment platform + Xoom + Honey + Venmo parent) + [Venmo](https://docs.barcoder.ai/docs/wallets/venmo) (Venmo; PayPal-owned US-based P2P mobile wallet) + [Cash App](https://docs.barcoder.ai/docs/wallets/cash-app) (Cash App; Block NYSE: SQ US-based P2P mobile wallet) + [Zelle](https://docs.barcoder.ai/docs/wallets/zelle) (Zelle; Early Warning Services LLC US bank consortium P2P payment network; ~125M+ US users).

**Regulators**: FinCEN + Federal Reserve + state regulators + national regulators across 170+ countries.

## Status

**Active, NASDAQ:RELY + US-based mobile-first global money transfer + remittance + founded 2011 by Matt Oppenheimer + Josh Hug + Shivaas Gulati in Seattle + one of US's largest mobile-first remittance platforms + ~7.5M+ annual Remitly customers worldwide** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.remitly.com/ "Remitly — official"
[2]: https://en.wikipedia.org/wiki/Remitly "Remitly — Wikipedia"
[us-cro]: https://docs.barcoder.ai/docs/payments/US

- [1] [Remitly — official][1]
- [2] [Remitly — Wikipedia][2]
- <sup>[United States report](https://docs.barcoder.ai/docs/payments/US)</sup> In-corpus: `reports/countries/US-united-states.md`

## Source

Biography extracted from [remitly-app.md](https://docs.barcoder.ai/source/wallets/remitly-app). See `matrix.md` for standards-support matrix if present.