Venture Capital

Remitly Announces $220M Financing, Accelerating International Growth

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SEATTLE--(BUSINESS WIRE)--#fintech--Remitly, the online international money transfer service, is announcing $220 million of new financing, helping to expand its customer base worldwide. The fundraising includes $135 million Series E equity and $85 million syndicated debt financing. The equity component is led by Generation Investment Management, which has a dedicated focus on sustainable investment and long-term performance. Other participants in the equity portion are Owl Rock Capital, Princeville Globa.

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