Remitly Raises $135m And Inks $85M Credit Line To Grow Remittance Service, Launch New Products – Geekwire
TransferWise. WorldRemit. And now Remitly. Seattle-based Remitly today announced a huge $220 million cash infusion on Tuesday, becoming the third mobile remittance company in the past two months to raise more than $100 million. The investment includes a $135 million equity round and $85 million in syndicated debt financing, or a revolving credit line. Generation Investment Management, a London-based fund co-founded by former vice president Al Gore that focuses on long-term sustainable investments, led the Series E round.