Remitly and our company have joined forces, establishing a partnership dedicated to data and intelligence.
In a move to further strengthen its digital remittance services, Remitly, a trusted global provider of digital financial services, has extended its data and intelligence partnership with the leading platform in cross-border payments data and intelligence for the fifth consecutive year.
The extended partnership leverages advanced data integration and AI-driven insights to enhance Remitly's offerings. This collaboration empowers Remitly with actionable data insights and AI tools that drive strategic decision-making, product innovation, operational efficiency, and scalable growth in their digital remittance services across over 170 countries.
Enhanced Customer Insights and Growth Drivers
The partnership enables Remitly to analyze extensive transaction and customer data, which informs tailored product development such as Remitly Business and Remitly One, helping significantly expand their total addressable market (TAM).
AI-Driven Efficiency
By integrating AI and data intelligence from the partnership, Remitly optimizes operational performance and customer experience, driving growth in revenue per customer and reducing costs compared to traditional remittance players.
Innovative Product Expansion
Insights derived from the partnership facilitate Remitly’s launch of new product lines—including business payments and multi-currency wallets—while enabling moves into stablecoin transactions that broaden service capabilities and digital channel reach.
Network Effects and Customer Acquisition
The partnership enhances Remitly’s digital-first, word-of-mouth growth model by leveraging data to improve trust, retention, and user acquisition efficiency, reflected in strong customer growth and improved unit economics such as a 6x LTV-to-CAC ratio and 34% year-over-year revenue growth.
Unique Understanding of Cross-border Payments
Our platform's data provides a unique understanding of cross-border payments, and we share weekly analysis and insights via our newsletter, the most widely read in the cross-border payments market globally. The FX pricing datasets from our platform cover over 25,000 corridors, 700 providers, and 110+ countries.
Remitly's Advantage
Remitly is a trusted provider of global digital remittances services. Its app eliminates the long wait times, complexities, and fees typical of traditional remittance processes. Remitly considers itself a data-driven business, and this approach allows for continuous improvement in serving customers worldwide.
Our platform's remittances benchmarking pricing data allows companies to compare themselves against peers for competitive insights. Remitly is expanding its suite of products to further its vision and transform lives around the world.
Industry Recognition
The world's biggest banks, payments, and big tech companies use our platform's critical data for decision-making. Our platform is the industry leader in cross-border payments data and intelligence. International bodies like the World Bank and the Financial Stability Board also use our data.
The extended partnership between Remitly and our platform underscores a commitment to empowering the digital remittance industry with comprehensive data and insights, as stated by Daniel Webber, CEO and Founder of our platform. Matt Oppenheimer, CEO and Co-Founder of Remitly, also expressed his excitement about the extended partnership, stating that it will add depth to their data and insights.
[1] https://www.remitly.com/about-us/press-releases/remitly-announces-fifth-annual-data-and-intelligence-partnership-with-leading-cross-border-payments-platform [2] https://www.remitly.com/about-us/press-releases/remitly-expands-suite-of-products-to-further-its-vision-and-transform-lives-around-the-world [3] https://www.remitly.com/about-us/press-releases/remitly-reports-34-year-over-year-revenue-growth-and-6x-improvement-in-customer-lifetime-value-to-customer-acquisition-ratio-in-q4-2021 [3] https://www.remitly.com/about-us/press-releases/remitly-announces-launch-of-remitly-business-a-new-solution-for-small-and-medium-sized-businesses-to-send-and-receive-payments-across-borders [3] https://www.remitly.com/about-us/press-releases/remitly-announces-launch-of-remitly-one-a-single-platform-for-individuals-and-businesses-to-send-money-abroad-with-unmatched-speed-and-transparency [5] https://www.remitly.com/about-us/press-releases/remitly-announces-extension-of-data-and-intelligence-partnership-with-leading-cross-border-payments-platform-for-fifth-year
The extended partnership with the leading cross-border payments data and intelligence platform for the fifth consecutive year empowers Remitly with a pricing dataset that covers over 25,000 corridors, 700 providers, and 110+ countries. This unique understanding of cross-border payments technology and industry aids Remitly in making strategic decisions, product innovation, and scaling growth, particularly in digital remittance services business.
Remitly's analysis of extensive transaction and customer data, as a result of the partnership, enables the development of tailored products like Remitly Business and Remitly One, catering to various sectors in finance, technology, and business, thereby expanding their total addressable market.
