Prudential Financial and existing shareholder PayU have backed a $135m series E round for Remitly, which concurrently obtained $85m in debt financing.
US-based remittance services provider Remitly secured $135m in series E funding today from investors including insurance provider Prudential Financial and PayU, the payment processing subsidiary of media and e-commerce group Naspers.
Generation Investment Management led the round through its Sustainable Solutions Fund, while Owl Rock Capital, Princeville Global, Schroder & Co Bank, Top Tier Capital Partners, DN Capital and Stripes Group also took part.
Remitly concurrently received $85m in debt financing from Barclays, Bridge Bank, Goldman Sachs, and Silicon Valley…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
