Remitly is licensed as a money transmitter currently operating in 49 US states and Canada, sending millions of dollars for thousands of customers each month. Mobile payments start-up Remitly has raised 600bn from Remitly and IFC . Remitly provides a mobile payments service that facilitates P2P money transfers from the US and Canada to Asia , Central America and North America , without the usual complexities and fees associated with money transfer processes. Remitly's services cater to a growing demand from migrant workers in Central America wanting to send money home to their families; the total of transferred funds last year exceed $ 600bn . Many recipients may not have access to traditional banking services and Remitly wants to make sending money easier, faster and more transparent.
Mobile payments start-up Remitly has raised 600bn from Remitly and IFC . Remitly provides a mobile payments service that facilitates P2P money transfers from the US and Canada to Asia , Central America and North America , without the usual complexities and fees associated with money transfer processes. Remitly's services cater to a growing demand from migrant workers in Central America wanting to send money home to their families; the total of transferred funds last year exceed $ 600bn . Many recipients may not have access to traditional banking services and Remitly wants to make sending money easier, faster and more transparent.