Remitly Global, Inc. — fact timeline

Remitly Global, Inc. reported first quarter ended March 31, 2026 results: revenue $452.8 million, net income $49.1 million. Guidance raised.

“• Revenue totaled $452.8 million, compared to $361.6 million, up 25%. • Net income was $49.1 million, compared to $11.4 million, up 332%.”

Remitly Global, Inc. incurred revolving credit of $550,000,000 with JPMorgan Chase Bank, N.A. at Term SOFR rate, Daily Simple SOFR rate, or alternate base rate.

“as of September 13, 2021 (as amended, the “Prior Credit Agreement”), among Remitly, the financial institutions party thereto, and the Agent. The Credit Agreement provides for a $550,000,000 secured revolving credit facility (the “Facility”). Remitly anticipates using the proceeds from the Facility primarily to support prefunding of customer flows within Remitly’s”

Joshua Hug changed role as Vice Chair at Remitly Global, Inc..

“Mr. Hug will transition from his position as Vice Chair of the Company into a non-employee director role effective May 15, 2025.”

Luke Tavis was appointed as Chief Accounting Officer at Remitly Global, Inc..

“On January 21, 2025, the Board of Directors (the “Board”) of the Company approved the appointment of Luke Tavis as Chief Accounting Officer of the Company, effective as of February 28, 2025.”

Gail Miller resigned as Chief Accounting Officer at Remitly Global, Inc..

“On January 21, 2025, Gail Miller, the Chief Accounting Officer of Remitly Global, Inc. (the “Company”), provided notice of her resignation from the Company effective February 28, 2025.”

Rene Yoakum departed as EVP, Customer and Culture at Remitly Global, Inc..

“Rene Yoakum, the Company’s EVP, Customer and Culture provided notice that she will retire from the Company effective December 31, 2024.”

Hemanth Munipalli resigned as Chief Financial Officer at Remitly Global, Inc..

“Hemanth Munipalli will resign from his position with the Company effective August 19, 2024.”

Vikas Mehta was appointed as Chief Financial Officer at Remitly Global, Inc..

“On July 29, 2024, the Board of Directors (the “Board”) of Remitly Global, Inc. (the “Company”) approved the appointment of Vikas Mehta as Chief Financial Officer (“CFO”) of the Company, effective as of Mr. Mehta’s commencement of employment with the Company.”

Joshua Hug changed role as Vice Chair at Remitly Global, Inc..

“Effective May 13, 2024, Joshua Hug transitioned from his role as the Company’s Chief Operating Officer to a new role as Vice Chair, in which he will contribute to our company and product strategy and lead other key projects to accelerate customer delivery.”

Remitly Global, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $269.1 million, net income $21.1 million. Guidance raised.

“quarter of 2023) • Active customers increased to 6.2 million, from 4.6 million, up 36%. • Send volume increased to $11.5 billion, from $8.5 billion, up 34%. • Revenue totaled $269.1 million, compared to $203.9 million, up 32%. • Net loss was $21.1 million, compared to $28.3 million. • Adjusted EBITDA was $19.3 million, compared to $5.4 million. 2024 Financial”

Remitly Global, Inc.: Amended and restated bylaws regarding information requirements for proposing stockholder in director nominations and other business proposals (effective 2024-03-19).

“On March 19, 2024, the Board of Directors of Remitly Global, Inc. (the “Company”) amended and restated the Company’s bylaws with respect to the information requirements for the proposing stockholder in the nomination of directors and the proposal of other business.”

Remitly Global, Inc. reported fiscal year 2024 results: revenue Total revenue in the range of $1,225 million to $1,250 million. Guidance reaffirmed.

“For fiscal year 2024 , Remitly currently expects: • Total revenue in the range of $1,225 million to $1,250 million, representing a growth rate of 30% to 32% year over year. • To remain in a GAAP net loss position for 2024 and for Adjusted EBITDA to be in the range of $75 million to $90 million.”

Remitly Global, Inc. amended Amendment No. 2 and Joinder Agreement with JPMorgan Chase Bank, N.A. valued at $75,000,000 (effective 2023-12-20).

“On December 20, 2023, Remitly Global, Inc. and Remitly, Inc. as borrowers and as guarantors (collectively, the “Company”) entered into the Amendment No. 2 and Joinder Agreement (the “Amendment No. 2”) which amends the Revolving Credit and Guaranty Agreement dated as of September 13, 2021 (as amended by the Amendment No. 1 dated as of June 26, 2023 and as further amended by Amendment No. 2, the “Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent and the lenders party thereto.”