Brief: Remitly Global to acquire Rewire to expand into complementary geographies with account-based remittance product

Remitly Global

16/08/2022 14:01

Aug 16 (Reuters) - Remitly Global Inc  RELY.O :
    * REMITLY TO ACQUIRE REWIRE TO EXPAND INTO COMPLEMENTARY
GEOGRAPHIES WITH ACCOUNT-BASED REMITTANCE PRODUCT
    * REMITLY GLOBAL INC - REMITLY WILL ACQUIRE REWIRE FOR
APPROXIMATELY $80 MILLION
    * REMITLY GLOBAL INC - REMITLY DOES NOT EXPECT MATERIAL
IMPACT ON
ITS REVENUE OR ADJUSTED EBITDA OUTLOOK THIS YEAR
    * REMITLY GLOBAL INC - $80 MILLION CONSIDERATION INCLUDES
CASH AND
STOCK, SUBJECT TO CUSTOMARY ADJUSTMENTS

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