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Pitch Summary: Despite a 13% decline in share price, the fundamentals of RELY continue to strengthen, with fears around U.S.–Mexico remittances and stablecoin disintermediation fading. The divergence between fundamentals and price is expected to correct, supporting a bullish outlook. BSD Analysis: The decline in RELY’s share price is seen as a temporary divergence from its […]
Remitly Global Inc (RELY)
Pitch Summary: Manipulated Trustpilot reviews; The company’s accounting, financial reporting, and governance are questionable; Uncertainty around U.S. immigration policies and competition from crypto; 40-55% downside risk. BSD Analysis: Remitly specializes in digital remittances, targeting migrant workers. Bears highlight rising customer acquisition costs, heavy reliance on promotional incentives, and intensifying competition from Wise, PayPal/Xoom, and Western […]
