Investors Are Selling, But Is This Growth Stock Actually a Bargain?
2026-01-28 22:50:00 ET
Remittances don't get much attention from investors, but hundreds of billions of dollars are sent across borders every year from immigrants and temporary workers providing for their families and others in their home countries.
Traditional players in the space include Western Union and MoneyGram, but no company is growing faster in the remittance space than Remitly Global (NASDAQ: RELY) , a digital-first fintech company that has grown quickly by expanding its addressable market within remittances and adding a premium, subscription-based tier.
Remitly went public in 2021, and the stock has mostly struggled since then despite delivering consistently strong growth. The stock is down by roughly two-thirds since it listed its shares for $43.
NASDAQ: RELY
RELY Trading
0.24% G/L:
$16.91 Last:
711,476 Volume:
$17.05 Open:
