Remitly Global Inc. (NASDAQ:RELY) is one of the The best new tech stocks with the most upside potential.. On May 12, Remitly announced the general availability of Remitly Business in Canada, making it the platform’s third live market alongside the US and UK. Designed specifically for small and medium-sized business owners rather than corporate treasury teams, the B2B cross-border payments platform has seen rapid adoption. In the first quarter of 2026, Remitly Business experienced sequential shipment volume growth of more than 30%, with more than 20,000 active businesses using the service.
To further streamline operations for its users, Remitly Global Inc. (NASDAQ:RELY) is introducing two new features for its US customers: Bulk Payments and Send by Link. Bulk Payments allows business owners to pay multiple international contractors and suppliers simultaneously within a single workflow. Send by Link minimizes transfer errors and data security risks by allowing senders to initiate payments using only the recipient’s email and phone number, leaving the recipient to securely enter their own confidential banking information.
The expansion into Canada builds on a decade of local operations, supported by a Vancouver-based office, registration under the Canada Retail Payment Activities Act and a localized payments network including Interac e-Transfers. Remitly Business is currently live in the US, UK and Canada, while Send by Link is generally available in the US and Bulk Payments is in a phased rollout to select US customers.
Remitly Global Inc. (NASDAQ:RELY) provides financial services, specifically cross-border remittance services, globally. The company is headquartered in Seattle, Washington.
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