August 14, 2020
Another one! Last week, Remitly announced an $85M Series F that valued the company at $1.5B, making Remitly the 38th PNW unicorn! In case you don’t know much about the company, here’s a quick summary:
- Remitly helps people send money internationally for a small fee
- Typically customers are immigrants who want to send money to their families in countries like Mexico, India, and the Philippines
- Matt Oppenheimer, Remitly’s CEO, came up with the idea while working at a bank in Kenya
- Since launching in 2011, they have served 3M+ customers in 60+ countries
- PayU led the round (after leading a $115M Series D two years ago)
Congrats to the team at Remitly on this milestone! And exciting times for the PNW - four new unicorns (ZoomInfo, Accolade, Qumulo and Remitly) in the last two months!