The financial remittance platform, responsible for the transfer of about $4bn a year, is set to raise $115m in a PayU-led series D round.
PayU, the payment processing subsidiary of media and e-commerce group Naspers, is set to lead a series D round for US-based remittance services provider Remitly that could reach $115m, Remitly announced today.
Private equity and venture capital firm Stripes Group will also participate in the round, as will VC firms DFJ and DN Capital. Laurent le Moal, chief executive of PayU, will join Remitly’s board of directors.
Remitly has built an online platform that facilitates money transfers between users in…
