Remitly, the independent digital remittance company, announced on Wednesday (Sept. 12) that it has expanded into 11 new send countries across Europe.
In a press release, Remitly said the expansion gives millions of customers access to a more modern remittance experience. “In one year, we’ve expanded from three send countries to now serving 15, representing over $121 billion in remittance flows annually. This expansion brings Remitly’s world-class product and technology to even more immigrant communities with the need to send money to their loved ones back home,” said Karim Meghji, chief product officer at Remitly.
Since going live in the U.K. last year, Remitly has expanded into additional send countries in Europe, enabling customers to use its mobile app to send money faster. Customers in Europe also have access to Remitly's Perfect Delivery Promise feature, which provides an exact date and time that funds will arrive. Remitly tracks the movement of funds to its destination, alerting customers and recipients throughout the process.
Remitly is now available in Austria, Belgium, Denmark, Finland, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden and the United Kingdom. Outside of Europe, Remitly is also available to customers in Australia, Canada and the United States.
Remitly noted that it has partnered with Stripe, the payment processing company, to help process transactions in different European currencies. The company said the partnership enables Remitly to quickly expand its payment mechanism in Europe and beyond.
“As a global remittance company, we focus on providing customers with the most trusted financial services,” said Meghji. “Stripe was a natural partner choice, given their global, robust and high-quality payment processing platform and ability to support our mission to serve immigrant communities. Our strong global platform can help immigrants do more to manage their full financial lives, and we’re excited to serve these communities in new transformative ways.”