**Remitly’s Growth and Market Impact**
Remitly (NASDAQ: RELY), a leading cross-border remittance service, has surged over 50% year to date in 2026, influenced by a strong first-quarter earnings report and its recent inclusion in the S&P SmallCap 600. The company expanded its active customer base from 2.8 million in 2021 to 9.3 million in 2025, while its send volume increased from $20.4 billion to $74.9 billion during the same period.
Analysts project Remitly’s revenue to reach $2.76 billion by 2028, growing at a 19% CAGR. The company’s adjusted EBITDA is expected to rise to $603 million. However, the emergence of stablecoins poses a long-term threat to its market dominance. With an enterprise value of $3.34 billion, Remitly’s stock is viewed as undervalued at less than nine times its current adjusted EBITDA.
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