Remitly to acquire Rewire for $80m.

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.