article thumbnail

Money transfer startup Remitly reveals financial results in preparation for upcoming IPO

GeekWire

million net loss in 2020, doubling its annual revenue and cutting its loss nearly in half. million net loss in the first six months of this year. Founded in 2011, Remitly’s mobile technology lets people send and receive money across borders, including immigrants in the U.S. Remitly generated $257 million in revenue and a $32.5

Financial 129
article thumbnail

Remitly aims to raise up to $332M at $6.5B valuation in IPO for Seattle fintech giant

GeekWire

Founded in 2011, Remitly’s mobile technology lets people send and receive money across borders, including immigrants in the U.S. million net loss in the first six months of this year. million net loss in 2020, doubling its annual revenue and cutting its loss nearly in half. billion at the midpoint of the price range.

.Net 93
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Remitly reports $458M in 2021 revenue, up 78%, as remittance company suspends service in Russia

GeekWire

million, up 69% in the year-ago period, with a net loss of $16.6 EU, and other allies this week cut Russian banks off from Swift , an international payment communication system that helps facilitate transactions. The remittance company, which went public in September, reported Q4 revenue of $135.3 million, up from $9 million.

Report 98
article thumbnail

FDIC’s View of Cybersecurity and Lessons Learned For All Industries

CTOvision

For this occurrence, the attacks occurred in 2010, 2011, and at least through 2014. In this case the target was not data that could be sold on the dark net, but was the type of policy information that would benefit a nation. The target for the attacks was rather unique. In a short period this may be forgotten by the public.

Industry 150
article thumbnail

The Future Is Hybrid Data, Embrace It

CIO Business Intelligence

In the past decade, the amount of structured data created, captured, copied, and consumed globally has grown from less than 1 ZB in 2011 to nearly 14 ZB in 2020. We live in a hybrid data world. Impressive, but dwarfed by the amount of unstructured data, cloud data, and machine data – another 50 ZB.

Data 77
article thumbnail

Cloud Musings by Kevin L. Jackson: NJVC® VP and GM, Cloud.

Cloud Musings

Personal comments and insight on cloud computing related technologies and their use in the public sector to support net-centric operations. Jan 2011 ISBN: 978-0-9832361-3-9. ► 2011. (32). Cloud Musings by Kevin L. Cloud Musings on Forbes. NJVC Cloud Computing. GovCloud Daily. GovCloud Presentations. GovCloud on Facebook.

Cloud 90
article thumbnail

GI Partners Buys LA Telecom Hub One Wilshire » Data Center.

Data Center Knowledge

Bank Tower recently sold for about $260 a square foot. | High Net World HNW Magazine. December 2011 (126). November 2011 (142). October 2011 (147). September 2011 (135). August 2011 (147). July 2011 (128). June 2011 (154). May 2011 (152). April 2011 (138).