Tuesday, April 26, 2016

Remitly Finds $38.5M More

Seattle-based Remitly, which operates an online, money remittance service, has raised $38.5M in a Series C funding, the company said this morning. The funding was led by Stripes Group, and also included Vulcan Capital, along with DFJ, DN Capital, Bezos Expeditions and Trilogy Equity Partners. Ron Shah of Stripes Group joins the company's board. Remitly, which helps immigrants send money back to their families in foreign countries, also said it has expanded its services to Canada. The company said its customers are now transmitting more than $1 billion annually through its platform. More information »