An independent provider of remittance and transformative financial service products for immigrants.
Despite being major economic contributors to the countries in which they live, many immigrants face significant barriers in accessing financial services. Remitly’s digital remittances product helps immigrants send money transfers to their loved ones all over the world, while its digital banking solution, Passbook, empowers immigrants to create bank accounts without social security numbers by accepting forms of official identification common to immigrants and their families. The company also works with Visa to enable customers to access their funds via Visa debit cards everywhere Visa debit cards are accepted. Remitly’s financial services products have been particularly important to immigrants and their families as the pandemic has interrupted things like traditional offline banking and remittances.