Is Remitly Global, Inc. (RELY) A Good Stock To Buy Now?

Is RELY a good stock to buy? We came across a bullish thesis on Remitly Global, Inc. on 2x2 Capital’s Substack by Maaiz Khan. In this article, we will summarize the bulls’ thesis on RELY. Remitly Global, Inc.'s share was trading at $18.04 as of June 10^th. RELY’s trailing P/E was 37.58 according to Yahoo Finance.

Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States and internationally. RELY is positioned as an undervalued compounder in digital remittances despite nearly doubled since initial recommendation,...