Post by @syeds_wealth_blueprint

Most people will scroll past this — do not. There is a $900 billion global remittance market being disrupted right now and most investors have never heard of the company doing it. Remitly Global RELY just reported EPS of 93 cents versus 3 cents a year ago. Revenue up 20%. Free cash flow up 83% to $202 million. Transaction volume up 27% to $23.5 billion — already 9% of the entire global remittance market in one quarter. Management raised full year guidance to 21% to 22% revenue growth with EBITDA up 52%. Biggest competitor Wise just got denied a US banking charter. Remitly just secured a UAE operating license. A former money manager breaks down why this fintech disruptor flying under the radar could be one of the most compelling setups in the market right now. Not financial advice. Investing carries risk and permanent loss of capital. #Remitly #RELY #fintech #remittance #investing