Fenwick & West represented Remitly, the largest independent digital remittance company headquartered in the United States, in its agreement to raise $115 million in Series D funding. Naspers’ fintech investment division PayU will lead the round with participation from existing investors including Stripes Group, DFJ and DN Capital. The deal is subject to applicable third party and regulatory approvals.
The company will use the funds to accelerate global expansion of its services. More information about Remitly’s $115 million Series D financing can be obtained from the company press release.