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Remitly pulls in $85m

Remitly, a provider of remittances and financial services for immigrants, has secured $85 million in funding.

Remitly, a provider of remittances and financial services for immigrants, has secured $85 million in funding. Prosus’s PayU led the round with participation from Generation Investment Management, Owl Rock Capital, Stripes, DN Capital, Top Tier, Princeville Global and Threshold Ventures.

Source: Press Release