Naspers Sells 12 Million Remitly Shares for $191.8 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy RELY?
Source: Fool
- Transaction Overview: Naspers sold 12 million shares of Remitly in an open-market transaction for approximately $191.8 million, indicating a significant reduction in its stake in the company.
- Ownership Change: This sale decreased Naspers' indirect ownership from 25.4 million shares to 13.4 million shares, a reduction of 47.17%, while direct holdings remained at zero, suggesting diminished influence over Remitly.
- Sale Structure: The shares were sold through indirect holding entities, specifically via PayU Fintech Investments B.V., with ultimate control resting with Naspers and Prosus N.V., and no direct transactions or gifts were reported.
- Strategic Exit Intent: Naspers has publicly categorized Remitly as a non-strategic asset and is executing a broader $2 billion divestiture program targeting non-core holdings, indicating that this sale is part of a deliberate strategy, which will reduce future transaction transparency.
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Analyst Views on RELY
Wall Street analysts forecast RELY stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 15.690
Low
17.00
Averages
22.67
High
28.00
Current: 15.690
Low
17.00
Averages
22.67
High
28.00
About RELY
Remitly Global, Inc. is a provider of digital financial services that transcend borders, in over 170 countries around the world. Its cross-border payments app helps customers with a fast, reliable, and transparent money movement experience. The Company’s technology platform is purpose-built to localize consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The Company provides a digital cross-border remittance product that is accessible via its mobile app or the Web. It offers a mobile-centric suite of products, global network, localization expertise at scale and a data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. The Company's global network of funding and disbursement partnerships enables it to complete money transfers in over 5,100 corridors without the need to deploy local operations in each country.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Naspers Sells 12 Million Remitly Shares for $191.8 Million
- Transaction Overview: Naspers sold 12 million shares of Remitly in an open-market transaction for approximately $191.8 million, indicating a significant reduction in its stake in the company.
- Ownership Change: This sale decreased Naspers' indirect ownership from 25.4 million shares to 13.4 million shares, a reduction of 47.17%, while direct holdings remained at zero, suggesting diminished influence over Remitly.
- Sale Structure: The shares were sold through indirect holding entities, specifically via PayU Fintech Investments B.V., with ultimate control resting with Naspers and Prosus N.V., and no direct transactions or gifts were reported.
- Strategic Exit Intent: Naspers has publicly categorized Remitly as a non-strategic asset and is executing a broader $2 billion divestiture program targeting non-core holdings, indicating that this sale is part of a deliberate strategy, which will reduce future transaction transparency.
See More
Naspers Sells Remitly Shares in $191.8 Million Transaction
- Sale Scale: On March 12, 2026, Naspers sold 12 million shares of Remitly common stock through indirect means for approximately $191.8 million, reducing its indirect holdings to 13,441,745 shares, which impacts its investment strategy in Remitly.
- Ownership Change: This transaction drops Naspers' indirect ownership below the 10% threshold, altering SEC reporting requirements, meaning future transactions will not need to be reported individually, complicating investor tracking of Naspers' activities.
- Strategic Exit Plan: Naspers has classified Remitly as a non-strategic asset and is executing a broader $2 billion divestiture program targeting non-core holdings, indicating a strategic reassessment of its investment portfolio.
- Market Reaction and Outlook: Although Naspers retains about 13.4 million shares of Remitly, the clear direction of this sale suggests that investors should view it as part of a strategic adjustment rather than a negative reaction to Remitly itself.
See More
Remitly: A Potential Winner in the AI Era
- Market Reaction and Stock Volatility: Despite Remitly's revenue growing over 500% cumulatively in the past five years, its stock has fallen 69% from all-time highs, reflecting market concerns about its position in the AI and stablecoin era.
- Customer Base Expansion: By leveraging direct banking connections and a user-friendly mobile app, Remitly has successfully attracted 9.3 million active customers, significantly enhancing its competitiveness in the international remittance market.
- Stablecoin Utilization and Cost Control: Remitly is already using stablecoins on its balance sheet to minimize transfer costs, which is expected to further lower customer fees and enhance its market appeal.
- Future Growth Potential: Management anticipates that by 2026, Remitly will achieve over $3 billion in revenue and adjusted EBITDA of $575 million to $600 million, indicating strong long-term investment value and profitability potential.
See More
Remitly: Disruptive Growth Potential Ahead
- Market Share Growth: Remitly has seen its revenue grow over 500% cumulatively in the past five years, and despite a 69% drop from all-time highs, it continues to expand its share in the remittance market, indicating strong demand and long-term investment potential.
- Stablecoin Utilization: The company is already using stablecoins on its balance sheet to minimize transfer costs, allowing for more competitive customer fees, which not only enhances customer satisfaction but also opens new avenues for future revenue growth.
- AI Technology Integration: Remitly is leveraging artificial intelligence to improve customer experience and cost-effectiveness of automated support services, with expectations that this technological application will further strengthen its market competitiveness and drive sustained revenue growth in the coming years.
- Future Financial Outlook: Management anticipates that by 2026, Remitly will generate over $3 billion in revenue and adjusted EBITDA of $575 million to $600 million, with a forward P/E ratio of just 8 based on current stock prices, highlighting the investment attractiveness of the stock.
See More
Remitly (RELY) Q4 2025 Earnings Call Transcript
See More
Three Discount Stocks Worth Investing In
- Shopify Performance Growth: Shopify facilitated $378.4 billion in goods and services sales last year, generating over $11.5 billion in revenue and $1.5 billion in net income, with year-over-year growth rates of 29%, 30%, and nearly 37%, indicating strong performance in e-commerce despite a stock price still above 70 times projected earnings per share.
- Remitly Global Expansion: Remitly Global handled $74.9 billion in international transfers last year, a 37% increase from 2024, with revenue rising 29% to $1.6 billion, and with the global digital remittance market expected to grow at an average annual rate of 15.6%, the company's outlook is promising.
- Chewy Steady Growth: Chewy reported third-quarter sales of $9.3 billion, an 8% year-over-year increase, and despite its stock price nearly halving since last year's peak, the company has achieved profitability, with projected net income reaching $225 million by 2028, indicating strong growth potential.
- Analyst Support: Despite bearish market sentiment, the majority of analysts still rate Chewy as a strong buy, with a consensus price target of $44.82, over 70% higher than its current price, reflecting confidence in its future growth trajectory.
See More
Naspers Sells 12 Million Remitly Shares for $191.8 Million
- Transaction Overview: Naspers sold 12 million shares of Remitly in an open-market transaction for approximately $191.8 million, indicating a significant reduction in its stake in the company.
- Ownership Change: This sale decreased Naspers' indirect ownership from 25.4 million shares to 13.4 million shares, a reduction of 47.17%, while direct holdings remained at zero, suggesting diminished influence over Remitly.
- Sale Structure: The shares were sold through indirect holding entities, specifically via PayU Fintech Investments B.V., with ultimate control resting with Naspers and Prosus N.V., and no direct transactions or gifts were reported.
- Strategic Exit Intent: Naspers has publicly categorized Remitly as a non-strategic asset and is executing a broader $2 billion divestiture program targeting non-core holdings, indicating that this sale is part of a deliberate strategy, which will reduce future transaction transparency.
See More
Naspers Sells Remitly Shares in $191.8 Million Transaction
- Sale Scale: On March 12, 2026, Naspers sold 12 million shares of Remitly common stock through indirect means for approximately $191.8 million, reducing its indirect holdings to 13,441,745 shares, which impacts its investment strategy in Remitly.
- Ownership Change: This transaction drops Naspers' indirect ownership below the 10% threshold, altering SEC reporting requirements, meaning future transactions will not need to be reported individually, complicating investor tracking of Naspers' activities.
- Strategic Exit Plan: Naspers has classified Remitly as a non-strategic asset and is executing a broader $2 billion divestiture program targeting non-core holdings, indicating a strategic reassessment of its investment portfolio.
- Market Reaction and Outlook: Although Naspers retains about 13.4 million shares of Remitly, the clear direction of this sale suggests that investors should view it as part of a strategic adjustment rather than a negative reaction to Remitly itself.
See More
Remitly: A Potential Winner in the AI Era
- Market Reaction and Stock Volatility: Despite Remitly's revenue growing over 500% cumulatively in the past five years, its stock has fallen 69% from all-time highs, reflecting market concerns about its position in the AI and stablecoin era.
- Customer Base Expansion: By leveraging direct banking connections and a user-friendly mobile app, Remitly has successfully attracted 9.3 million active customers, significantly enhancing its competitiveness in the international remittance market.
- Stablecoin Utilization and Cost Control: Remitly is already using stablecoins on its balance sheet to minimize transfer costs, which is expected to further lower customer fees and enhance its market appeal.
- Future Growth Potential: Management anticipates that by 2026, Remitly will achieve over $3 billion in revenue and adjusted EBITDA of $575 million to $600 million, indicating strong long-term investment value and profitability potential.
See More
Remitly: Disruptive Growth Potential Ahead
- Market Share Growth: Remitly has seen its revenue grow over 500% cumulatively in the past five years, and despite a 69% drop from all-time highs, it continues to expand its share in the remittance market, indicating strong demand and long-term investment potential.
- Stablecoin Utilization: The company is already using stablecoins on its balance sheet to minimize transfer costs, allowing for more competitive customer fees, which not only enhances customer satisfaction but also opens new avenues for future revenue growth.
- AI Technology Integration: Remitly is leveraging artificial intelligence to improve customer experience and cost-effectiveness of automated support services, with expectations that this technological application will further strengthen its market competitiveness and drive sustained revenue growth in the coming years.
- Future Financial Outlook: Management anticipates that by 2026, Remitly will generate over $3 billion in revenue and adjusted EBITDA of $575 million to $600 million, with a forward P/E ratio of just 8 based on current stock prices, highlighting the investment attractiveness of the stock.
See More
Remitly (RELY) Q4 2025 Earnings Call Transcript
See More
Three Discount Stocks Worth Investing In
- Shopify Performance Growth: Shopify facilitated $378.4 billion in goods and services sales last year, generating over $11.5 billion in revenue and $1.5 billion in net income, with year-over-year growth rates of 29%, 30%, and nearly 37%, indicating strong performance in e-commerce despite a stock price still above 70 times projected earnings per share.
- Remitly Global Expansion: Remitly Global handled $74.9 billion in international transfers last year, a 37% increase from 2024, with revenue rising 29% to $1.6 billion, and with the global digital remittance market expected to grow at an average annual rate of 15.6%, the company's outlook is promising.
- Chewy Steady Growth: Chewy reported third-quarter sales of $9.3 billion, an 8% year-over-year increase, and despite its stock price nearly halving since last year's peak, the company has achieved profitability, with projected net income reaching $225 million by 2028, indicating strong growth potential.
- Analyst Support: Despite bearish market sentiment, the majority of analysts still rate Chewy as a strong buy, with a consensus price target of $44.82, over 70% higher than its current price, reflecting confidence in its future growth trajectory.
See More
