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New Deal


Announced

Remitly to acquire Rewire for $80m.

Financials

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Transaction Value£66m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Israel

Friendly

Private

Pending

Majority

FinTech

Acquisition

Cross Border

financial services platform

Single Bidder

Synopsis

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Remitly, an online remittance service, agreed to acquire Rewire, a multinational fintech company that provides online financial services tailored to the unique needs of millions of migrant foreign workers worldwide, for $80m. “From the start, Remitly has focused on delivering trusted digital financial services to serve immigrant communities around the world. We share with Rewire a deep commitment to our customers and that mission. Peace of mind starts with a trusted means for sending money home for critical costs. Rewire accelerates our progress as together we will continue to bring to market trusted financial services that are inclusive and accessible to all,” Matt Oppenheimer, Remitly Co-Founder and CEO.

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