• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

The Naked Gun review: Charged with man’s laughter

July 30, 2025

Samsung Galaxy Tab S10 FE+ review: A Galaxy Tab S10+ for less?

July 30, 2025

Fairphone (Gen 6) review: Sustainability done the right way

July 29, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Fintech»Remitly to Acquire Israel Remittance Startup Rewire
Fintech

Remitly to Acquire Israel Remittance Startup Rewire

August 17, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Remitly to Acquire Israel Remittance Startup Rewire
Share
Facebook Twitter LinkedIn Pinterest Email



by Fintech Information America

17 August 2022

Remitly World, a worldwide digital monetary companies supplier for immigrants and their households, introduced that it has signed a definitive settlement to accumulate Rewire, an Israeli-based monetary companies platform for migrant employees. Beneath the phrases of the settlement, Remitly will purchase Rewire for roughly $80 million consisting of a mixture of money and inventory.

Based in 2015 with places of work in Amsterdam and Tel Aviv, Rewire’s remittance platform builds deep buyer relationships and is geographically complementary to Remitly. Rewire’s clients create an account with which cash may be saved to be remitted at any time. This method deepens relationships with clients and gives extra flexibility and comfort. Moreover, Rewire’s product growth and engineering groups add additional capability and experience to a seasoned Remitly staff.

Matt Oppenheimer

Matt Oppenheimer

“From the beginning, Remitly has targeted on delivering trusted digital monetary companies to serve immigrant communities around the globe,”

stated Matt Oppenheimer, Co-Founder and CEO, Remitly.

“We share with Rewire a deep dedication to our clients and that mission. Peace of thoughts begins with a trusted means for sending cash house for essential prices. Rewire accelerates our progress as collectively we are going to proceed to carry to market trusted monetary companies which can be inclusive and accessible to all.”

“We’re thrilled to affix the staff at Remitly and proceed our essential mission of constructing monetary methods extra inclusive for migrants as we see the community-based method we’ve got taken to construct Rewire as extremely complementary to Remitly’s method,”

Guy Kashtan

Man Kashtan

stated Man Kashtan, CEO and co-founder of Rewire.

“We see an enormous alternative as we mix forces to speed up the adoption of among the revolutionary merchandise we’ve got developed to boost the lives of consumers sending cash around the globe and managing their funds.”

Remitly’s investments in its world remittance platform are targeted on delivering a trusted expertise and peace of thoughts for hundreds of thousands of consumers around the globe. Whereas the footprint of the platform continues to develop to greater than 3,200 corridors, service is localized permitting households to obtain funds in a approach that’s finest for them.

See also  Seattle startup making it easier to manage single-family rental properties raises $16.7M – Startup

Monetary Particulars

The transaction is predicted to shut within the second half of 2022 and accordingly, Remitly doesn’t anticipate materials influence on its income or adjusted EBITDA outlook this yr. The $80 million consideration consists of money and inventory, topic to customary changes. The transaction is topic to the satisfaction of customary closing circumstances, together with regulatory approval of the relevant Israeli and Dutch authorities.

 

This text first appeared on fintechnews.ae

Featured picture credit score: Edited from Pexels

Get the most well liked Fintech America Information as soon as a month in your Inbox

Share This Article

Do the sharing thingy

Source link

acquire Israel Remitly Remittance rewire Startup
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Former Chef CEO joins Buildkite board; Salesforce hires Code.org exec – Startup

March 24, 2023

Seattle startup uses AI to help job seekers refine resumes, land gigs amid widespread layoffs – Startup

March 24, 2023

Seattle studio Polyarc is working on a follow-up to its award-winning VR games – Startup

March 24, 2023

Pet care startup emerges in Seattle to modernize veterinary care, with help from Rover – Startup

March 23, 2023
Add A Comment

Comments are closed.

Editors Picks

Dragon Ball Xenoverse 2 gets new DLC character Gamma 2 alongside new movie pack

September 4, 2022

The Bank of London recruits Silicon Valley Bank’s Gavin Hewitt as CFO

December 23, 2022

Bomb Rush Cyberfunk gets delayed to 2023

August 31, 2022

Honor Watch 5 Ultra review

April 8, 2025

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

The Naked Gun review: Charged with man’s laughter

Samsung Galaxy Tab S10 FE+ review: A Galaxy Tab S10+ for less?

Fairphone (Gen 6) review: Sustainability done the right way

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.