Remitly Global’s 29% Revenue Surge to $1.635B, Flex Reaches 120k Users
Remitly Global posted 2025 revenue of $1.635B, up 29% year-over-year, with Q4 revenue at $442M and net income of $41M as active users climbed 19% to 9M. The company appointed Sebastian Gunningham as CEO, launched Flex with 120k users, and boosted free cash flow to $283M.
1. Revenue and User Metrics
Remitly recorded full-year 2025 revenue of $1.635B, a 29% increase from 2024, with Q4 revenue at $442M and net income of $41M. Active users rose 19% to over 9 million, while volume from very high amount senders jumped 105% in the quarter.
2. Leadership Transition
Co-founder Matt Oppenheimer transitioned to Executive Chairman, appointing Sebastian Gunningham, a former Amazon and Apple executive, as CEO. The leadership change is intended to leverage Gunningham’s product and operational expertise to accelerate growth.
3. Product and Efficiency Advances
The company rolled out Flex, a send-now-pay-later service that has amassed 120,000 users, and launched Remitly Business. Integration of advanced AI fraud models reduced transaction losses to record lows.
4. Financial Health and Growth Prospects
Free cash flow tripled to $283M for the year, reflecting improved operational efficiency. With under 4% of the global consumer payments market, management plans to deploy AI and product velocity to capture a larger cross-border payments share.