Is RELY a good stock to buy?
We came across a bullish thesis on Remitly Global, Inc. on 2×2 Capital’s Substack by Maaiz Khan
In this article, we will summarize the bulls’ thesis on RELY. Remitly Global, Inc.’s share was trading at $18.04 as of June 10th. RELY’s trailing P/E was 37.58 according to Yahoo Finance.
Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States and internationally. RELY is positioned as an undervalued compounder in digital remittances despite nearly doubled since initial recommendation, with the investment case centered on sustained operating momentum, expanding free cash flow, and a management team explicitly incentivized to unlock long-term value. The company continues to outperform expectations on both revenue and adjusted EBITDA, reinforcing confidence that earnings power is tracking ahead of prior models. 15 AI Stocks That Are Quietly Making Investors Rich Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential On current guidance, Remitly trades at a 6.3% free cash flow yield in 2026 and a 10.5% yield on management’s 2028 framework, implying a steep earnings ramp as EBITDA is expected to double over the period.