Fintech stocks have skyrocketed in recent years as names like Paypal and Square have disrupted the broader financial services sector. One recent initial public offering (IPO), Remitly Global (NASDAQ: RELY), is taking a unique approach to the massive payments market by focusing on the immigrant market and the billions in remittances sent internationally every year. Former Pakistani cricket star Shoaib Akhtar promotes Remitly's service.
RELY earnings call for the period ending September 30, 2021.
SEATTLE, October 19, 2021--Remitly, the mobile-first provider of remittances and financial services for immigrants, announced a partnership with digital wallet Novi.