Remitly to Acquire Rewire to Expand into Complementary Geographies with Account-Based Remittance Product

SEATTLE & TEL AVIV, Israel--(BUSINESS WIRE)--Remitly Global, Inc., (NASDAQ: RELY) (“Remitly”), a leading global digital financial services provider for immigrants and their families, today announced that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers. Under the terms of the agreement, Remitly will acquire Rewire for approximately $80 million consisting of a mix of cash and stock.