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Remitly Brings Faster, Affordable International Money Transfers to France

Over $21 billion is sent from France annually, primarily by immigrant
workers.

SEATTLE–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/fintech?src=hash" target="_blank"gt;#fintechlt;/agt;–Remitly,
the largest independent digital remittance company in North America, has
launched its award-winning service to France, making international money
transfers more fair, transparent, and cost-effective when sending money
from France to international destinations.

Remittances are important to the millions who rely on them. For many on
the receiving end, remittances are a lifeline providing them with basic
necessities. Traditional remittance players have pocketed billions of
dollars of hard-working immigrants’ earnings in transfer fees and
confusing exchange rates. This is money that could help improve their
quality of life and provide them with upward mobility.

Over $21 billion is sent from France to other countries each year. That
money is mostly sent by immigrant workers in France sending money to
their loved ones in Morocco, Tunisia, and Senegal, among other countries.

“Remitly makes the process of sending money internationally faster,
easier, more transparent, and less costly,” said Elena Novokreshchenova,
vice president of Europe for Remitly. “We do this by eliminating the
forms, codes, agents, extra time and fees typical of the traditional
money transfer process. We’re thrilled to be in France where customers
are increasingly transitioning away from traditional offline channels to
more efficient and affordable digital channels.”

Customers can access the Remitly service through its mobile app or
website and benefit from a variety of secure and convenient money
sending and receiving options, including:

  • An easy way to send money on-the-go from your mobile phone or computer.
  • On-time delivery backed by a money back guarantee.
  • Great rates and no hidden fees.
  • Multiple ways for recipients to receive money including cash pickup,
    home delivery and mobile wallets with our network of partners such as
    Attijariwafa Bank, Banque Populaire du Maroc, and BMCE Bank in
    Morocco, Banque De L’Habitat in Tunisia, and Orabank, Ecobank, and
    Wafacash in Senegal.
  • 24/7 friendly customer support.

Remitly was established in 2011 to disrupt the $625 billion global
remittance industry, and today transfers over $6 billion around the
world annually through its proprietary global money transfer platform.

For more information, please see Remitly.com/fr.

About Remitly

Remitly is an independent digital remittance company that transfers over
$6 billion in annualized volume through its proprietary global money
transfer network across Africa, Asia, Central Europe, and South America.
Its reliable and easy-to-use mobile app makes the process of sending
money faster, easier, more transparent and less costly by eliminating
the forms, codes, agents, extra time and fees typical of the
traditional, century-old money transfer process. Remitly is backed by
industry-leading investors, Naspers’ PayU, Silicon Valley Bank, Stripes
Group, Threshold
Ventures
(formerly DFJ
Venture
), DN Capital, QED Investors, Trilogy Equity Partners, Bezos
Expeditions, Founders’ Co-Op, and TomorrowVentures. The company is
headquartered in Seattle, with additional offices in London, the
Philippines, and Nicaragua. For more information visit Remitly.com.

Contacts

[email protected]
France
Media: Fabrice Pelosi, (m) +33 6 13 34 61 53
U.S. Media: Richard
VanOrnum, (m) +1 202 577 3817

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