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Why Remitly Global Stock Popped Today

Jeremy Bowman, The Motley Fool
·2-min read
Why Remitly Global Stock Popped Today

Shares of Remitly Global (NASDAQ: RELY) were surging today after the fintech company that's focused on cross-border remittances posted strong results in its fourth-quarter earnings report, beating estimates on the top and bottom lines. Remitly, which helps millions of immigrants send money back to their home countries, said active customers rose 48% to 4.2 million, driving send volume up 35% to $8.1 billion and revenue up 41% to $191 million, which topped estimates at $180.8 million.

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