Remitly is owned by its public shareholders. Remitly Global, Inc. is a Delaware corporation whose common stock trades on the Nasdaq Global Select Market under the ticker RELY, and no single investor controls it. According to the company's 2026 proxy statement (DEF 14A), the largest holder as of March 31, 2026 was MIH Fintech Investments B.V., a Prosus subsidiary, with 6.38% of the 210,673,989 shares outstanding. Baillie Gifford & Co. held 5.53% and BlackRock, Inc. held 5.36%.
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That short answer hides a more useful story. Remitly started in 2011 as a venture-backed startup, went public in September 2021, and has since moved from concentrated venture ownership to a widely held shareholder base. The sections below walk through each group of owners using only Remitly's own SEC filings: the 2026 proxy, the Form 10-K for fiscal 2025, and the IPO prospectus (Form 424B4). It also explains how Remitly makes money, which is the part most ownership pages skip.
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Remitly is a publicly traded company with a dispersed shareholder base. Three institutions each report more than five percent of the common stock: a Prosus-controlled investment vehicle, the asset manager Baillie Gifford, and BlackRock. Directors and executive officers together hold a single-digit stake, and the remainder sits with other institutions and retail investors through brokers.
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The table below reproduces the five-percent holders and the insider group from the beneficial ownership table in the 2026 DEF 14A. Beneficial ownership under SEC rules includes options and restricted stock units that vest within 60 days, so insider figures are slightly higher than shares held outright.
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Two caveats matter when reading these numbers. First, institutional figures come from Schedule 13G filings, which holders update on their own schedule. The proxy notes that BlackRock's figure relies on a filing from November 2024, so its current position could differ. Second, voting power and economic ownership can diverge. Baillie Gifford reported dispositive power over all 11,658,558 shares but sole voting power over only 7,338,155 of them, according to footnote 17 of the proxy.
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Remitly has a single class of common stock. The fiscal 2025 10-K states that each share carries one vote and that the company had 725,000,000 authorized shares as of December 31, 2025. There is no founder super-voting class, which is why ownership percentages here map directly to voting weight, unlike dual-class fintechs where founders control the vote with a minority of the equity.
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Prosus and Naspers do not own Remitly outright, but they are its largest single shareholder through a Dutch holding company. Their stake is a minority position of well under ten percent, large enough to top the holder list and carry a board relationship, yet far short of control over the company or its strategy.
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The 2026 proxy traces the chain. MIH Fintech Investments B.V. is a subsidiary of MIH Fintech Holdings B.V., which sits under MIH e-Commerce Holdings B.V. and MIH Internet Holdings B.V., which in turn is a subsidiary of Prosus N.V. Prosus is a majority-owned subsidiary of Naspers Limited, and the two share voting and dispositive control over the 13,441,745 shares. The proxy cites a Schedule 13G/A filed April 23, 2026 as its basis.
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This investor was far more dominant before the IPO. The 424B4 prospectus listed the same entity under its earlier name, PayU Fintech Investments B.V., with 36,760,350 shares, or 23.7% of the company before the offering. PayU also agreed to buy up to $25.0 million of stock in a private placement at the IPO price. Comparing 23.7% in 2021 with 6.38% in 2026 shows how much the stake has been reduced, whether through sales, dilution from new share issuance, or both.
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The board link is also documented. Director Laurent Le Moal has served on Remitly's board since October 2017 and, per the IPO prospectus, sat on the Prosus executive team and led PayU as CEO. He still appears among the directors in the 2026 proxy, with 43,413 shares beneficially owned.
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Remitly was co-founded in 2011 by Matthew Oppenheimer and Joshua Hug, who both remain on the board. Each founder holds roughly two percent of the company, a meaningful personal stake but not a controlling one. Oppenheimer ran the company as CEO for nearly fifteen years before handing the role to an outside executive in 2026. Source: Remitly's 2026 proxy statement.
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Per the 2026 proxy, Oppenheimer co-founded the company in 2011, served as CEO from May 2011 to February 2026, and now chairs the board. Before Remitly he worked at Barclays from August 2009 to May 2011. He beneficially owns 5,300,605 shares, or 2.52%, including 800,000 option shares.
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Hug, also a 2011 co-founder, was Chief Product Officer from November 2011 to October 2016, Chief Operating Officer from October 2016 to May 2024, and Vice Chair until May 2025, according to the same proxy. He previously co-founded Shelfari, which Amazon acquired. His beneficial ownership is 4,386,668 shares, or 2.1%, of which 2,000,000 shares are pledged as collateral for a personal line of credit.
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The current CEO is Sebastian Gunningham, who joined in February 2026. The proxy describes his 2007 to 2018 tenure as an Amazon senior vice president on the S-Team and his later role as Chairman of Santander Consumer Finance. His beneficial ownership is 49,219 shares, all from RSUs vesting within 60 days. Other named directors include Nigel Morris, a co-founder of Capital One and managing partner of QED Investors, who holds 1,845,971 shares.
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Remitly went public in September 2021 through a traditional initial public offering on Nasdaq. The listing converted a venture-backed private company into a public one, gave early investors a path to sell, and raised fresh capital for the business. Since then, ownership has shifted steadily toward large asset managers.
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The 424B4 prospectus priced the offering at $43.00 per share for 12,162,777 shares. Remitly sold 7,000,000 new shares, and selling stockholders offered 5,162,777. Gross proceeds totaled $522,999,411, with $284,445,000 going to the company after underwriting discounts. The fiscal 2025 10-K confirms trading under RELY began on September 23, 2021.
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The pre-IPO cap table looked very different from today's. Five-percent holders listed in the prospectus, measured before the offering, were:

None of those venture firms appears in the five-percent section of the 2026 proxy. That is the typical arc after an IPO: venture funds distribute or sell after lockups expire, and long-only asset managers such as Baillie Gifford and BlackRock accumulate positions. The 10-K also notes just 17 stockholders of record as of February 16, 2026, because most shares are held in street name through brokers.
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Yes. Remitly acquired Rewire, a remittance company, in early 2023. Searchers sometimes land on Rewire's own pages when looking for Remitly's owners, because the two brands are now linked. The deal made Rewire part of Remitly; it did not change who owns Remitly, since Remitly was the buyer.
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The fiscal 2025 10-K states that Remitly completed its acquisition of Rewire (O.S.G.) Research and Development Ltd. on January 5, 2023, buying all outstanding equity for cash and stock. The acquisition-date fair value of consideration was $77.9 million, including $56.4 million in cash to selling shareholders. Remitly said the deal helped it expand into new geographies and add complementary products. The same filing lists six foreign trademark registrations for the REWIRE mark and logo that came with the purchase.
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Because part of the price was paid in Remitly equity, former Rewire holders received some Remitly shares. That equity component was small relative to the company, at $7.2 million of the total per the 10-K, so it did not create a new major holder.
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Remitly earns most of its revenue from its core money transfer product, charging customers a transaction fee and applying a foreign exchange spread to the amount sent. Revenue scales with the number of active senders and the total value they move. Newer products such as a wallet, card, and send-now-pay-later option aim to raise lifetime value per customer.
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The fiscal 2025 10-K says the substantial majority of revenue comes from "transaction fees charged to customers and foreign exchange spreads." The spread is the gap between the rate Remitly obtains and the rate it gives the customer, so a transfer marketed as low-fee can still produce revenue through FX. Senders are mostly in the United States, Canada, the United Kingdom, and Europe, and the largest receive countries by send volume are India, Mexico, and the Philippines.
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Key figures from the same filing for 2025:

Transaction expenses, the cost of actually moving the money through payment processors and disbursement partners, were $549.5 million in 2025 per the 10-K. Marketing, at $342.9 million, was the next largest cost line. That structure explains why Remitly highlights repeat customers: acquisition spending lands up front, and profit comes from transfers in later periods.
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Beyond transfers, the 10-K describes Remitly Flex, a no-interest option to send now and pay later, plus Remitly Wallet and a digital debit card. With Flex, Remitly advances the cross-border amount and books a receivable from the customer, which adds credit exposure to what was mainly a payments business.
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Remitly is a digital front end sitting on top of banking, card, and local payout networks. Customers send mostly through a mobile app or website, and Remitly delivers funds through a global disbursement network built with payment processing and payout partners. Its margins depend on how cheaply and quickly those underlying rails settle.
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The 10-K describes treasury and foreign exchange operations that pre-fund payouts, and it cites growing use of direct integrations to cut unit costs. Many international transfers across the industry still pass through correspondent banking relationships, where each hop is instructed through SWIFT messages such as the MT103. Platforms that bundle licenses, FX, and payout networks for other businesses, covered in this overview of Nium competitors, compete for the same corridors from the B2B side.
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The filing also names stablecoin-based providers as emerging competitors and says Remitly views stablecoins as a rail that may complement traditional infrastructure, including by letting customers receive, hold, or spend funds that way (10-K). For how that rail works in practice on remittance-heavy routes, see this look at cross-border payments in Latin America.
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Remitly is an independent public company with no parent. Its largest investors are institutions holding minority stakes, its founders each hold a small percentage, and its shares carry equal votes. The answers below cover the questions people most often ask about its ownership, listing, and leadership, each drawn from its SEC filings. Source: Remitly's 2026 proxy statement.
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Yes. Its common stock has traded on the Nasdaq Global Select Market under RELY since September 23, 2021, per the fiscal 2025 10-K.
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No. The largest holder, MIH Fintech Investments B.V., held 6.38% as of March 31, 2026 (2026 DEF 14A), and Remitly has one class of stock with one vote per share (10-K).
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Sebastian Gunningham has been CEO since February 2026. Co-founder Matthew Oppenheimer, CEO from May 2011 to February 2026, now chairs the board (2026 DEF 14A).
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Remitly's principal executive offices are at 401 Union Street, Suite 1000, in Seattle, Washington, and the company is incorporated in Delaware, according to the cover page of its 10-K.
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Methodology: all ownership figures come from the beneficial ownership table in Remitly's DEF 14A filed April 24, 2026 (measured as of March 31, 2026) and the 424B4 prospectus filed September 24, 2021. Financial figures come from the Form 10-K for the year ended December 31, 2025. Institutional holdings rely on Schedule 13G filings that holders update periodically, so current positions may differ.
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