$RELY Remitly Global Inc Deep Dive and 2024 Outlook

The international payments and remittances company is still struggling

Remitly Global Inc. is a leading digital financial services provider that transcends borders. The company offers a mobile-centric suite of products, including a cross-border remittance app that eliminates the complexities and fees typical of traditional remittance processes. Remitly leverages its global network, localization expertise, and data-driven insights to provide customers with fast, affordable, and secure payment options in over 170 countries.

Founded in 2011, Remitly has quickly become a trusted brand in the fintech industry. Remitly's commitment to financial inclusion and responsible innovation has positioned it for continued success in the rapidly evolving fintech landscape. With a focus on delighting customers and driving sustainable profitability, Remitly is well-poised to capitalize on the significant opportunities ahead.

The big questions for Remitly and the stock in 2024?

1. How will increasing regulation impact Remitly's business?

2. Can Remitly grow its user base and transaction volume?

3. Can Remitly profitability improve?

4. Will Remitly be able to expand into new markets?

5. What impact will the broader economic climate have on Remitly's business?