#1Remitly Investor Presentation William Blair Growth Stock Conference June 7, 2022 I 11#2This presentation shall not constitute an offer to sell or the solicitation of an offer to buy any securities, not shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdictions. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding our future operating results and financial position, including our fiscal year 2022 financial outlook, including forecasted fiscal year 2022 revenue and Adjusted EBITDA, anticipated future expenses and investments, expectations relating to certain of our key financial and operating metrics, our business strategy and plans, market growth, our market position and potential market opportunities, and our objectives for future operations. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management's expectations, assumptions, and projections based on information available at the time the statements were made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including, without limitation, risks and uncertainties related to: our ability to successfully execute our business and growth strategy, our ability to achieve and maintain future profitability, our ability to further penetrate our existing customer base and expand our customer base in existing and new corridors, our ability to expand into broader financial services, our ability to expand internationally, the effects of seasonal trends on our results of operations, our expectations concerning relationships with third parties, including strategic, banking and disbursement partners, our ability to obtain, maintain, protect, and enhance our intellectual property and other proprietary rights, our ability to keep data and our technology platform secure, the success of any acquisitions or investments that we make, our ability to compete effectively, and our ability to stay in compliance with applicable laws and regulations, our ability to buy foreign currency at generally advantageous rates, and the effects of changes to immigration laws, macroeconomic conditions and geopolitical forces on our customers and business operations. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, our actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Further information on risks that could cause actual results to differ materially from forecasted results are included in our quarterly report on Form 10-Q for the quarter ended March 31, 2022, and in our annual report on Form 10-K for the year ended December 31, 2021, each filed with the SEC, which are available on our website at https://ir.remitly.com and on the SEC's website at www.sec.gov. The forward-looking statements in this presentation speak only as of the date of this presentation and except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. 2 Disclaimer June 2022/2022 Remitly Inc.#33 # Vision To transform the lives of immigrants and their families by providing the most trusted financial services on the planet. June 2022 / © 2022 Remitly Inc. WHICH#44 SCALE 3.0m Active Customers as of 1Q 2022 $22b Send Volume LTM 1Q 2022 June 2022 / © 2022 Remitly Inc. Remitly at a glance GLOBAL OPPORTUNITY $1.6t¹,2 −1,2 TAM +2,300 Corridors as of 1Q 2022 أس PERFORMANCE 49% 1Q 2022 YOY Revenue Growth +90% Revenue Retention 1. TAM based on estimates from the World Bank and International Monetary Fund as of November 2021. 2. TAM includes informal remittance channels.#5Our target customers are not served well by traditional financial services LO 5 +280 million immigrants across the world' O France +8m USA +50m Spain ~7m Germany +15m Australia +7m $1.6T Remittances sent UK +9m Italy +6m June 2022/2022 Remitly Inc. (+) Canada +8m Rest of World +170m 3-5% of GDP low and mid-income countries² ¹ International Organization for Migration (IOM) GMDAC; 2 IMF & World Bank; 3,4 FDIC, Financial Health Network, Federal Reserve Bank of San Francisco; adjusted for inflation 5 Long term loans include auto & student loans and mortgages; other financial services include check cashing, tax preparation, etc. U.S. example illustrates that immigrants are financially underserved +50% US Immigrants that are underbanked³ $3,000 US average annual financial services fees and interest paid by foreign-born households4 ΑΝ Κ 365445 +$200 +$800 +$1,900 ****** Remittances Short term loans and fees (Credit cards, Payday loans, overdraft) Long term loans and other financial services5#6Legacy cross border remittance industry is broken 1.2 The World Bank, Remittance Prices Worldwide, available at www.worldbank.org June 2022/2022 Remitly Inc. 6 Inconvenient Limited store hours Long wait time Manual forms Unsafe locations U NER 24 Slow 3-5 business days¹ No transparency on speed of transfer MONY TF மணி டிரா OTHE 1+11 Confusing Poor customer support No timely recourse Lagging digital capabilities Limited delivery options $ Overpriced 5-7% avg take rate² VAIRA Hidden FX rates VAIRA#7Remitly is creating an enduring customer preference by providing trusted service Represents Remitly internal disbursement data for IQ 2022 7 June 2022/2022 Remitly Inc. Convenient +3.7B bank accounts +690M mobile wallets +395k cash pickup Locations Home delivery Fast Majority of transactions disbursed in minutes' Offer flexibility for customers who desire quick delivery of funds Friendly Intuitive sign on and KYC 3 taps to send a repeat transaction Customer support - digital in 14 languages, human in 8 languages T Fair ~2% average cost to send Upfront FX rate quotes#8Putting money safely in the hands of your family, wherever they live Data as of 1Q 2022 8 June 2022/2022 Remitly Inc. +160 Countries & Territories +2,300 +3.7b corridors bank accounts Ster +395k +690m cash pickup locations mobile wallets#9Opportunity is massive and we are just getting started ¹ Remitly Form 10-K. 2 Remitly Form 10-K and The World Bank, Migration and Development Brief 35, Nov 2021 June 2022 / © 2022 Remitly Inc. 9 Remittances TAM $1.6T¹ Global remittances through both formal and informal channels Remitly SAM $589B² 2021 World Bank estimate of remittance flows to Low and Middle Income countries 2 Majority of remittances still flow through 'brick and mortar' channels, including informal remittances Digital remittances account for ~15-25% of total addressable market, but mix shift is occurring rapidly 49% YOY 1Q22 revenue growth rate for Remitly demonstrates our ability to gain share Achieving scale rapidly and effectively is essential to long term success#10Loyal & predictable customer base 10 June 2022/2022 Remitly Inc. Revenue Contribution by Cohort ($ in millions) 2016 2021 2020 +90% Annual Revenue Retention (post first full year growth) 2017 2019 2018 2018 2019 2017 2016 2020 2021#11Our take rate remains stable Take-rate is defined as revenue per transaction as a percentage of the transaction size 11 June 2022/2022 Remitly Inc. 2.17. 2.21 Average Take Rate by Quarter (%) 2.21 2.13 2.23 2Q20 3Q20 4Q20 1Q21 2Q21 2.31 2.27 3Q21 4Q21 2.23 1Q22 2.22% Avg.#12Delivering high double digit revenue growth at scale 12 June 2022/2022 Remitly Inc. $150.0 $100.0 $50.0 $0.0 $45.7 $59.4 1Q20 2Q20 Revenue ($ in millions) $71.8 $80.0 3Q20 4Q20 $91.1 $111.1 1Q21 2Q21 $121.2 $135.3 $136.0 +49% YoY 3Q21 4Q21 1Q22#13Marketing investments generate strong returns ¹ Return on marketing investment is the ratio of revenue, net of transaction expenses, to "Customer Acquisition Cost" or "CAC." "CAC" refers to direct marketing expenses deployed to acquire new customers. Direct marketing expenses exclude experimental spend used to test new marketing channels, creative production expenses, endorser costs, customer research expenses, agency fees, personnel costs, or other fixed operating expenses that support the marketing team. The calculation of this metric may differ from other similarly titled metrics used by other companies, analysts, or investors. 2 Year 0 represents the year of acquisition for each cohort shown. As new customers are acquired throughout Year 0, their average tenure exiting this period is typically less than six months (more customers are added in the back half of the year due to continued growth and seasonality). Years 1-5 represent the full annual period for each cohort. For example, Year 1 for the 2020 cohort includes all of 2021. 13 June 2022 / © 2022 Remitly Inc. Cumulative Return on Initial Direct Marketing Investment by Cohort Return on Direct Marketing Investment¹ 7x 6x 5x 4x 3x 2x 1x Year 0² Year 1 2015 Year 2 Year 3 Relative Cohort Year 2016 - 2017 2018 Year 4 2019 Year 5 2020#14Focused investments to drive continued growth 14 June 2022/2022 Remitly Inc. Current Impact 01 Marketing 02 Near- term impact Global network 03 Mid-term impact Acquire new customers at strong unit economics Expand to new geographies and increase payment and disbursement options for customers Remittance product New 04 products Differentiated features, risk systems, infrastructure and customer support and services Additional offerings to serve our customers' needs and increase engagement#15Investment Highlights 15 June 2022/2022 Remitly Inc. ↑↑↑ $ A 1⁹ Track record of high double digit revenue growth at scale with $1.6t TAM Loyal customer base and high recurring revenue with +90% retention Attractive unit economics and clear path to profitability Long-term growth opportunities including adjacent financial services Customer-centric culture with an authentic focus on ESG#1616 66 I received a call from my brother in India because he needed some money urgently. Our mother was hospitalized overnight and he needed my help. I used Remitly to send money by express and he received it in 5 minutes! We are very grateful to Remitly. May God bless your company to grow for those in need." June 2022/2022 Remitly Inc. Hemalatha Remitly user since 2022 Sends money from USA to India#17Thank you. Remitly