Remitly Results Presentation Deck
Opportunity
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
8 May 2022/2022 Remitly Inc.
Remittances TAM
$1.6T¹
Global remittances through both
formal and informal channels
Remitly SAM
2
$589B²
2021 World Bank estimate of
remittance flows to Low and Middle
Income countries
Majority of remittances still
flow through 'brick and mortar'
channels, including informal
remittance systems (e.g.
hawala, fie-chien, etc.)
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 successView entire presentation