Fenwick & West represented Remitly, Inc., a leading independent digital money transmitter, in its $38.5 million Series C financing. Stripes Group led the latest round and was joined by Vulcan Capital, both new investors in the company. Existing investors also participated in the round including DFJ, DN Capital, Bezos Expeditions and Trilogy Equity Partners, among others. Stripes Group partner Ron Shah will join Remitly’s board of directors as part of the financing.
Remitly will use the funds to expand its team and continue the company’s global expansion. More information about Remitly’s $38.5 Million Series C Financing can be obtained from the company press release.