Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Remitly Global ( (RELY) ).
On June 24, 2025, Remitly Global entered into a new Credit Agreement with JPMorgan Chase Bank, replacing its previous credit agreement from 2021. The new agreement establishes a $550 million secured revolving credit facility, aimed at supporting the prefunding of customer flows in Remitly’s global remittance business and general corporate purposes. The facility is secured by a first priority lien on the assets of Remitly and its subsidiaries, with interest rates based on various SOFR rates or an alternate base rate. The agreement includes customary covenants and a leverage ratio requirement, indicating a strategic move to strengthen financial operations.
The most recent analyst rating on (RELY) stock is a Buy with a $21.00 price target. To see the full list of analyst forecasts on Remitly Global stock, see the RELY Stock Forecast page.
Spark’s Take on RELY Stock
According to Spark, TipRanks’ AI Analyst, RELY is a Outperform.
The overall score is driven by strong financial performance and positive earnings call highlights, indicating potential for long-term growth. However, technical analysis and valuation concerns, such as negative profitability and a lack of dividends, weigh down the score.
To see Spark’s full report on RELY stock, click here.
More about Remitly Global
Remitly Global operates in the financial services industry, focusing on global remittance services. The company provides a platform for international money transfers, catering to customers who need to send money across borders.
Average Trading Volume: 2,824,284
Technical Sentiment Signal: Sell
Current Market Cap: $4B
For a thorough assessment of RELY stock, go to TipRanks’ Stock Analysis page.