Stablecoins Pose Potential Threat to Remitly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 hours ago
0mins
Source: Fool
- Rapid User Growth: Remitly's active customer base surged from 2.8 million in 2021 to 9.3 million by 2025, with send volume skyrocketing from $20.4 billion to $74.9 billion, indicating strong growth potential in the cross-border remittance market.
- Rising Revenue: The company's annual revenue soared from $459 million to $1.64 billion, with adjusted EBITDA turning positive in 2023, growing 34% to $135 million in 2024 and 29% to $272 million in 2025, showcasing its improving profitability.
- Stock Price Pressure: Despite strong performance, Remitly's stock has plummeted over 50% in the past five years, currently valued at less than nine times this year's adjusted EBITDA, reflecting investor concerns about stablecoins disrupting its core business model.
- Evolving Competitive Landscape: While stablecoins offer faster and cheaper cross-border transfers, Remitly still holds an advantage in the
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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: 21.030
Low
17.00
Averages
22.67
High
28.00
Current: 21.030
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.
Stablecoins Pose Potential Threat to Remitly
- Rapid User Growth: Remitly's active customer base surged from 2.8 million in 2021 to 9.3 million by 2025, with send volume skyrocketing from $20.4 billion to $74.9 billion, indicating strong growth potential in the cross-border remittance market.
- Rising Revenue: The company's annual revenue soared from $459 million to $1.64 billion, with adjusted EBITDA turning positive in 2023, growing 34% to $135 million in 2024 and 29% to $272 million in 2025, showcasing its improving profitability.
- Stock Price Pressure: Despite strong performance, Remitly's stock has plummeted over 50% in the past five years, currently valued at less than nine times this year's adjusted EBITDA, reflecting investor concerns about stablecoins disrupting its core business model.
- Evolving Competitive Landscape: While stablecoins offer faster and cheaper cross-border transfers, Remitly still holds an advantage in the
See More
Remitly Faces Threat from Stablecoins
- Significant Customer Growth: Remitly's active customer base surged from 2.8 million in 2021 to 9.3 million in 2025, with send volume increasing from $20.4 billion to $74.9 billion and annual revenue soaring from $459 million to $1.64 billion, indicating strong growth potential in the cross-border remittance market.
- Improving Profitability: In 2023, Remitly's adjusted EBITDA turned positive for the first time, with projections for a 34% increase to $135 million in 2024 and a further 29% rise to $272 million in 2025, demonstrating ongoing improvements in profitability despite external threats.
- Stock Price Decline Risk: Despite strong fundamentals, Remitly's stock has plummeted over 50% in the past five years, currently valued at less than nine times this year's adjusted EBITDA, reflecting investor concerns about stablecoins potentially disrupting its business model.
- Evolving Competitive Landscape: While stablecoins offer faster and cheaper cross-border transfers, Remitly currently holds an advantage in
See More
Remitly: A Potential Star in Cross-Border Payments
- Customer Base Growth: Remitly's active customer base surged from 2.8 million in 2021 to 9.3 million by 2025, indicating strong market traction that is expected to further drive revenue growth.
- Revenue and Profit Improvement: The company's annual revenue skyrocketed from $459 million in 2021 to $1.64 billion in 2025, with adjusted EBITDA turning positive in 2023 and growing 34% to $135 million in 2024, showcasing significant enhancements in profitability.
- Future Growth Expectations: Analysts project Remitly's revenue to grow at a 19% CAGR to $2.76 billion from 2025 to 2028, with net profit increasing at a 54% CAGR to $250 million, reflecting the potential of its overseas expansion and new platforms.
- Market Competition Risks: While Remitly currently dominates the remittance market, the rise of stablecoins poses a long-term threat, necessitating investor attention on its strategies to adapt in a rapidly evolving fintech landscape.
See More
Remitly's Cross-Border Remittance Business Thrives
- Customer Base Expansion: Remitly's active customer base surged from 2.8 million in 2021 to 9.3 million in 2025, demonstrating strong market appeal in the cross-border payments sector, which is expected to further drive revenue growth.
- Revenue and Profit Growth: The company's annual revenue skyrocketed from $459 million in 2021 to $1.64 billion in 2025, with adjusted EBITDA turning positive in 2023 and growing 34% to $135 million in 2024, indicating significant improvements in profitability.
- Future Growth Expectations: Analysts project Remitly's revenue to grow at a 19% CAGR to $2.76 billion from 2025 to 2028, with net profit increasing at a 54% CAGR to $250 million, reflecting the potential of its overseas expansion and new platforms.
- Market Challenges: Despite Remitly's dominance in the remittance market, the rise of stablecoins poses a long-term threat, necessitating investor attention on its competitiveness in the rapidly evolving fintech landscape.
See More
Analysis of Small-Cap Investment Potential
- Remitly Market Share Gains: Remitly Global, with a market cap of $4.2 billion, is rapidly expanding in the global remittance market, achieving a 37% year-over-year increase in send volume to $22 billion and a 25% revenue growth to $453 million, indicating strong appeal in core markets and future revenue growth potential.
- Profitability Improvement: Remitly's net income margin reached 11% last quarter, and with expanding market share and improving profit margins, the company's small market cap presents significant multibagger potential, making it suitable for long-term investment.
- Wix's Cheap Valuation: Wix, valued at $2.9 billion, is perceived as an AI “loser,” yet its revenue rose 14% year-over-year to $541 million last quarter, and its acquisition of Base44 has generated over $150 million in annual recurring revenue, showcasing its potential in the AI space.
- AI Tool Development: Wix is developing an AI website builder called Wix Harmony, leveraging its extensive dataset; if it can maintain double-digit growth and achieve profitability, it could become a prime investment choice with significant upside potential.
See More
Remitly and Wix: Potential Multibagger Stocks
- Remitly Market Expansion: Remitly Global, with a market cap of $4.2 billion, saw its send volume increase by 37% year-over-year last quarter to $22 billion, while revenue rose 25% to $453 million, indicating rapid growth potential in the global remittance market that is expected to continue for years.
- Profitability Improvement: Remitly's net income margin reached 11% last quarter, and with expanding market share and new product launches, the company's profitability is gradually improving, enhancing its appeal as a multibagger stock.
- Wix Revenue Growth: Wix, with a market cap of $2.2 billion, reported a 14% year-over-year revenue increase to $541 million last quarter, demonstrating solid growth across all product segments, particularly with its acquisition of AI-powered app Base44, which has surpassed $150 million in annual recurring revenue.
- AI Potential Unfolding: Wix is developing its own AI website builder, Wix Harmony, leveraging its extensive dataset, and although it is currently not profitable, if it can achieve a recovery in profitability amid the AI boom, Wix's stock holds significant multibagger potential.
See More
Stablecoins Pose Potential Threat to Remitly
- Rapid User Growth: Remitly's active customer base surged from 2.8 million in 2021 to 9.3 million by 2025, with send volume skyrocketing from $20.4 billion to $74.9 billion, indicating strong growth potential in the cross-border remittance market.
- Rising Revenue: The company's annual revenue soared from $459 million to $1.64 billion, with adjusted EBITDA turning positive in 2023, growing 34% to $135 million in 2024 and 29% to $272 million in 2025, showcasing its improving profitability.
- Stock Price Pressure: Despite strong performance, Remitly's stock has plummeted over 50% in the past five years, currently valued at less than nine times this year's adjusted EBITDA, reflecting investor concerns about stablecoins disrupting its core business model.
- Evolving Competitive Landscape: While stablecoins offer faster and cheaper cross-border transfers, Remitly still holds an advantage in the
See More
Remitly Faces Threat from Stablecoins
- Significant Customer Growth: Remitly's active customer base surged from 2.8 million in 2021 to 9.3 million in 2025, with send volume increasing from $20.4 billion to $74.9 billion and annual revenue soaring from $459 million to $1.64 billion, indicating strong growth potential in the cross-border remittance market.
- Improving Profitability: In 2023, Remitly's adjusted EBITDA turned positive for the first time, with projections for a 34% increase to $135 million in 2024 and a further 29% rise to $272 million in 2025, demonstrating ongoing improvements in profitability despite external threats.
- Stock Price Decline Risk: Despite strong fundamentals, Remitly's stock has plummeted over 50% in the past five years, currently valued at less than nine times this year's adjusted EBITDA, reflecting investor concerns about stablecoins potentially disrupting its business model.
- Evolving Competitive Landscape: While stablecoins offer faster and cheaper cross-border transfers, Remitly currently holds an advantage in
See More
Remitly: A Potential Star in Cross-Border Payments
- Customer Base Growth: Remitly's active customer base surged from 2.8 million in 2021 to 9.3 million by 2025, indicating strong market traction that is expected to further drive revenue growth.
- Revenue and Profit Improvement: The company's annual revenue skyrocketed from $459 million in 2021 to $1.64 billion in 2025, with adjusted EBITDA turning positive in 2023 and growing 34% to $135 million in 2024, showcasing significant enhancements in profitability.
- Future Growth Expectations: Analysts project Remitly's revenue to grow at a 19% CAGR to $2.76 billion from 2025 to 2028, with net profit increasing at a 54% CAGR to $250 million, reflecting the potential of its overseas expansion and new platforms.
- Market Competition Risks: While Remitly currently dominates the remittance market, the rise of stablecoins poses a long-term threat, necessitating investor attention on its strategies to adapt in a rapidly evolving fintech landscape.
See More
Remitly's Cross-Border Remittance Business Thrives
- Customer Base Expansion: Remitly's active customer base surged from 2.8 million in 2021 to 9.3 million in 2025, demonstrating strong market appeal in the cross-border payments sector, which is expected to further drive revenue growth.
- Revenue and Profit Growth: The company's annual revenue skyrocketed from $459 million in 2021 to $1.64 billion in 2025, with adjusted EBITDA turning positive in 2023 and growing 34% to $135 million in 2024, indicating significant improvements in profitability.
- Future Growth Expectations: Analysts project Remitly's revenue to grow at a 19% CAGR to $2.76 billion from 2025 to 2028, with net profit increasing at a 54% CAGR to $250 million, reflecting the potential of its overseas expansion and new platforms.
- Market Challenges: Despite Remitly's dominance in the remittance market, the rise of stablecoins poses a long-term threat, necessitating investor attention on its competitiveness in the rapidly evolving fintech landscape.
See More
Analysis of Small-Cap Investment Potential
- Remitly Market Share Gains: Remitly Global, with a market cap of $4.2 billion, is rapidly expanding in the global remittance market, achieving a 37% year-over-year increase in send volume to $22 billion and a 25% revenue growth to $453 million, indicating strong appeal in core markets and future revenue growth potential.
- Profitability Improvement: Remitly's net income margin reached 11% last quarter, and with expanding market share and improving profit margins, the company's small market cap presents significant multibagger potential, making it suitable for long-term investment.
- Wix's Cheap Valuation: Wix, valued at $2.9 billion, is perceived as an AI “loser,” yet its revenue rose 14% year-over-year to $541 million last quarter, and its acquisition of Base44 has generated over $150 million in annual recurring revenue, showcasing its potential in the AI space.
- AI Tool Development: Wix is developing an AI website builder called Wix Harmony, leveraging its extensive dataset; if it can maintain double-digit growth and achieve profitability, it could become a prime investment choice with significant upside potential.
See More
Remitly and Wix: Potential Multibagger Stocks
- Remitly Market Expansion: Remitly Global, with a market cap of $4.2 billion, saw its send volume increase by 37% year-over-year last quarter to $22 billion, while revenue rose 25% to $453 million, indicating rapid growth potential in the global remittance market that is expected to continue for years.
- Profitability Improvement: Remitly's net income margin reached 11% last quarter, and with expanding market share and new product launches, the company's profitability is gradually improving, enhancing its appeal as a multibagger stock.
- Wix Revenue Growth: Wix, with a market cap of $2.2 billion, reported a 14% year-over-year revenue increase to $541 million last quarter, demonstrating solid growth across all product segments, particularly with its acquisition of AI-powered app Base44, which has surpassed $150 million in annual recurring revenue.
- AI Potential Unfolding: Wix is developing its own AI website builder, Wix Harmony, leveraging its extensive dataset, and although it is currently not profitable, if it can achieve a recovery in profitability amid the AI boom, Wix's stock holds significant multibagger potential.
See More
