The mean of analysts' price targets for Remitly Global (RELY) points to a 28.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Remitly Global, Inc. (RELY) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

Mobile payments are transforming checkout worldwide, and companies like INTU, RELY, WEX and PAY are positioning to ride the next wave of digital commerce growth.

Cross-border payments app Remitly Business is now generally available to small and medium-sized businesses in Canada.

SEATTLE, May 12, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of financial services that transcend borders, today announced that its management team will present at the following investor conferences:

SEATTLE, May 12, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) today announced two new features for small and medium sized business customers in the US: Bulk Payments and Send by Link. At the same time, Remitly Business has reached general availability in Canada, joining the US and UK as the offering's third live market.

Remitly Global is rated 'buy' due to rapid business customer growth and strong adoption of Remitly Business, targeting high-value SMB senders. RELY posted Q1 '26 revenue of $453M (25% YoY growth), beating both company and analyst estimates, with active customers reaching 9.634 million. High-value sender growth (73% in Q1 '26) and improved margins (adj. EBITDA margin 22%) underpin RELY's shift to profitability and robust forward outlook.

NEW YORK, May 7, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Thursday, May 14: Bright Horizons Family Solutions Inc. (NYSE: BFAM) will replace Tri Pointe Homes Inc. (NYSE: TPH). Sumitomo Forestry Group (TSE: 1911) is acquiring Tri Pointe Homes in a deal expected to close soon, pending final closing conditions.

Watch more: Need to Know With Remitly's Sebastian Gunningham Sending money across borders should be simple by now. We live in a world where you can order groceries from your couch and open a bank account on your phone.

Remitly Global, Inc. (RELY) Q1 2026 Earnings Call Transcript