Prosus, Prudential Financial and Visa could exit remittance services provider Remitly when it floats later this year.
Remitly, a US-based remittance services provider backed by internet company Prosus, insurer Prudential Financial and payment services firm Visa, has filed to raise $100m in an initial public offering.
The offering is set to take place on the Nasdaq Global Select Market later this year.
Founded in 2011, Remitly has built an online remittance platform focused on the global immigrant community that send money abroad regularly. The company’s customers completed approximately 31 million transactions in 2020.
Remitly generated $105m…
