Remitly has raised $436M across multiple rounds, including an $85M Series F in July 2020, backed by investors such as Stripes, Prosus, and Visa. Their earlier rounds contributed significantly to scaling operations before going public. Founded in 2011, Remitly is a leading digital remittance platform enabling cross-border payments through bank deposits, cash pickups, and mobile wallets. Funding has supported global expansion, licensing, compliance infrastructure, and advanced fraud prevention, helping Remitly strengthen its position in the fast-growing digital money transfer market.