Remitly lands investment from Visa amid reports of IPO preparation – GeekWire
Seattle mobile remittance startup Remitly landed an undisclosed equity investment from Visa. The companies previously partnered in 2019 and have extended that partnership; Visa cited the deal in its earnings call last month. The investment comes as Remitly is reportedly preparing to go public. Total funding to date in the 10-year-old company, prior to the Visa investment, was nearly $400 million, including a $85 million Series F round raised in July. Remitly’s mobile technology lets people send and receive money across borders. The company is ranked No. 3 on the GeekWire 200 list of top Pacific Northwest tech startups.