Remitly Global Inc: TMT conference - what did we learn?

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Remitly Global Inc: TMT conference - what did we learn?

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Remitly Global Inc

TMT conference - what did we learn?

Reiterate Rating: BUY | PO: 27.00 USD | Price: 18.04 USD

Bullish message from CFO fireside chat 11 June 2026

We hosted Remitly CFO, Vikas Mehta for a fireside chat and investor meetings at our C- Equity

Suite TMT Conference in London yesterday. Remitly remains a high-growth, scaled

Aditya Buddhavarapu, CFA >>

digital cross-border payments platform with meaningful runway in its core remittance Research Analyst

market and additional growth opportunity from expanding into adjacencies. Under the MLI (UK) +44 20 7995 7318

new CEO, Remitly is positioning itself for a third phase of growth centred on aditya.buddhavarapu@bofa.com

diversification, AI-enabled execution and increased product velocity, while maintaining a Frederic Boulan, CFA >>

disciplined profitability and capital allocation framework. Management also expressed Research Analyst MLI (UK)

confidence in the Q2 and full-year outlook. Reiterate Buy (see our initiation here). +44 20 7995 7101

frederic.boulan@bofa.com

Victor Cheng, CFA >>Multiple growth drivers across core and adjacencies Research Analyst

Remitly’s technology-first, mobile-first infrastructure remains a key strategic advantage, MLI (UK)

supporting speed, fair pricing, efficiency and flexibility. Management sees growth from +44victor.cheng@bofa.com20 7996 0272

continued share gains and corridor expansion in core remittances (<5% share currently) Carla Courthial >>

as well as from diversification into high-value senders, SMBs and new products (send Research Analyst

MLI (UK)

now pay later, accounts, cards). High-value senders are gaining traction, while Remitly 44 77 6120 0059