Why Remitly Global Stock Popped Today
Shares of Remitly Global (NASDAQ: RELY) were surging today after the fintech company that's focused on cross-border remittances posted strong results in its fourth-quarter earnings report, beating estimates on the top and bottom lines.
As a result, the stock was up 17.8% as of 10:57 a.m. ET.
Remitly, which helps millions of immigrants send money back to their home countries, said active customers rose 48% to 4.2 million, driving send volume up 35% to $8.1 billion and revenue up 41% to $191 million, which topped estimates at $180.8 million.
Source Fool.com
