Remitly Results Presentation Deck
Our 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
May 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
services5View entire presentation