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

We came across a bullish thesis on Remitly Global, Inc. on The Reservist’s Substack by Yehoshua Zlotogorski. In this article, we will summarize the bulls’ thesis on RELY. Remitly Global, Inc.'s share was trading at $13.23 as of December 1st. RELY’s trailing P/E was 150.50 according to Yahoo Finance.

Remitly stands out in the payment space as one of the few B2C companies consistently rated near five stars by customers—an uncommon feat in an industry built on trust. The company operates a global digital remittance platform that allows users to send money across borders...