One Year after Setting Roots in Mexico, Remitly Expands Deeper into Central and South America

Remitly adds over 10,000 more payout locations to its network across
Latin America, providing better access to remittances for those on the
receiving end

SEATTLE–(BUSINESS WIRE)–Remitly,
the largest independent mobile remittance company in the United States,
today announced a strategic partnership with UniTeller, a leader in
international money transfer processing. The partnership gives Remitly
customers more options to send money to over 10,000 new cash payout
locations across Latin America. This brings the company’s total network
in Latin America to over 31,000 locations, making it easier for
customers’ loved ones to receive money.

Among the new partners added to Remitly’s network across Latin America
are Wal-Mart (including Aurrera, Superama and Suburbia), Farmacias
Guadalajara in Mexico, Banco G&T Continental in Guatemala, Banco de
Occidente in Honduras and Banco de Crédito del Perú.

Remitly’s relentless focus on customers continues to fuel its growth.
“We’re happy to partner with UniTeller as we continue to improve the
traditional broken remittance model. We are committed to giving our
customers the best possible experience as we respond and adjust to their
needs,” said Remitly CEO Matt Oppenheimer. “We launched in Mexico over a
year ago and into seven additional countries across Central and South
America a little over a month ago. We’re proud to deliver exceptional
value to our hard-working customers.”

About Remitly

Remitly is the largest independent digital remittance company in the
United States, transferring more than $1.5 billion from its customers in
the U.S. and Canada to loved ones throughout the world. The company’s
proprietary global transfer network includes its easy-to-use mobile app,
which makes the process of sending money faster, easier, more
transparent and less costly by eliminating the forms, codes, agents,
extra time and fees typical of the traditional, century-old money
transfer process. Remitly is backed by industry-leading investors,
including Stripes Group, DFJ, DN Capital, QED Investors, Trilogy Equity
Partners, Bezos Expeditions, Founders’ Co-Op, International Finance
Corp., and TomorrowVentures. The company is headquartered in Seattle,
with additional offices in the Philippines and Nicaragua. For more
information, visit Remitly.com.

Contacts

Remitly
Britta Gidican, 206-535-6152 ext. 213
Head of Marcoms
brittag@remitly.com
or
The
Keller Group
Carol Lucas, 425-443-3978
carol@thekellergroup.com