Remitly Global, Inc. announced that it has received $2.6 million in funding from Bezos Expeditions, LLC, TomorrowVentures, LLC, Trilogy Equity Partners
January 06, 2013
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Remitly, Inc. announced that it will raise $2,599,999 in an equity round of funding on December 14, 2012. The company will issue common shares to the investors. The securities will be issued pursuant to Regulation D.
As of December 31, 2012, the company has raised $2,490,000 from 17 investors. The round was led by Trilogy Equity Partnership. Existing investors including TomorrowVentures, LLC and Bezos Expeditions, LLC and angel investors such as Sujal Patel, Chris DeVore, and Chase Franklin invested in the transaction. The company has raised a total of $5.1 million till date.
On January 7, 2013, Remitly, Inc. closed the transaction. The company has issued 371,496 preferred shares for the gross proceeds $110,000 in the second tranche of the transaction. The company has raised $5,100,000 till date.
Remitly Global, Inc. is a digital financial services provider for immigrants and their families in over 170 countries around the world. The Company helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. The Companyâs technology platform is purpose-built to localized consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The Company provides a digital cross-border remittance product that is accessible via its mobile app or the Web. It offers a mobile-centric suite of products, global network, localization expertise at scale and data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. Its global network of funding and disbursement partnerships enables it to complete money transfers in over 5,000 corridors without the need to deploy local operations in each country.
Remitly Global, Inc. announced that it has received $2.6 million in funding from Bezos Expeditions, LLC, TomorrowVentures, LLC, Trilogy Equity Partners
REMITLY GLOBAL, INC. 
