The Financial Platform Remitly Impresses With a Raised Forecast - the Stock Heads Towards an Annual High!

Remitly published strong figures for Q1 on May 7. Additionally, the revenue forecast has been raised. Revenue increased by 34% to $361 million, while the EBITDA margin improved to over 16%. The company offers cross-border money transfers via a mobile platform that allows users to send money quickly, securely, and transparently to over 170 countries. As traditional remittance methods are increasingly processed through digital platforms, Remitly is likely to benefit significantly. Analysts project an average annual growth rate (CAGR) of about 20%...