Friday, September 30, 2016

Remitly Gets $38M More

Seattle-based Remitly announced Friday morning that it has raised $38M in new financing, in a combination of equity and debt. The funding came from IFC and Silicon Valley Bank. The company did not break down the equity versus debt portion of the funding. According to Remitly, the new funding oes towards expanding its international fund transfer service and for expansion into Latin America. Remitly said it has expanded into seven new countries throughout Central and South America, to service the remittance market in those areas. Remitly is led by Matt Oppenheimer. More information »