Remitly raises $85M at a $1.5B valuation, says money transfer business has surged

Remittances — when people send money internationally to family and friends, or as a payment — has long been one of the most important levers for getting funds to people in developing economies. However, the persistent spread of the coronavirus is having a tough impact on that, with the World Bank estimating that remittances to low … Continue reading Remitly raises $85M at a $1.5B valuation, says money transfer business has surged