Remitly Business Accelerates Expansion With Full Canadian Launch

Cross-border payments app Remitly Business is now generally available to small and medium-sized businesses in Canada.

This expansion follows the offering’s launch in the United States in the second quarter of 2025 and its later expansion to the United Kingdom and Canada with limited availability, Remitly Global said in a Tuesday (May 12) press release.

“Canadians have trusted Remitly to move money across borders for more than a decade,” Jung Lee, general manager of Canada at Remitly, said in the release. “Bringing that same speed and reliability to Canadian business owners was overdue — and the demand we’re already seeing makes that clear.”

Remitly Business is powered by the same compliance, risk and disbursement infrastructure that serves 9.6 million quarterly active Remitly customers. It extends that infrastructure’s capabilities to SMBs that have cross-border financial needs, together with a design that is focused on the needs of owner-operators, according to the release.

Since its launch in the U.S. in the second quarter of 2025, Remitly Business has been used by more than 20,000 businesses, per the release.

Remitly Global also announced in the Tuesday press release that it has added two more features to Remitly Business for customers in the U.S.

The Bulk Payments feature, which is rolling out to select U.S. customers and will later be made generally available, enables users to pay multiple international recipients in one workflow.

The Send by Link feature, which is generally available to U.S. customers, enables senders to initiate payments using only the recipient’s email and phone number. The recipient can then provide the rest of the information through a secure link, whenever they want and without sharing the information with the sender.

“A small business owner shouldn’t lose half a day to a single overseas pay run — or deal with transfer delays because of a typo in a recipient’s name,” Remitly Chief Business Officer Pankaj Sharma said in the release. “We’re moving fast to solve the pain points our customers care about most.”

Small businesses are joining Remitly because of of the messiness of international payments, which typically bounce through layers of correspondent banks, foreign exchange providers and settlement systems, Remitly CEO Sebastian Gunningham told PYMNTS CEO Karen Webster in an interview posted Thursday (May 7).

Gunningham said the small business opportunity could be enormous. “If you get 1% of the small business market, that’s like two or three Remitlys right there,” he said.

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