Remitly Global, Inc. (RELY): A Bull Case Theory

We came across a bullish thesis on Remitly Global, Inc. (RELY) on Possible_Crow606’s Substack. In this article, we will summarize the bulls’ thesis on RELY. Remitly Global, Inc. (RELY)'s share was trading at $20.06 as of 11^th June.

[caption id="attachment_1237924" align="aligncenter" width="768"] A customer using a mobile app at home to securely transfer money.[/caption]

Remitly operates at the intersection of a massive $1 trillion global remittance industry and a digital transformation that still has significant runway. Only half of global remittances have shifted to digital,...