Remitly Global Inc. (NASDAQ:RELY) is one of the best new tech stocks with highest upside potential. On May 12, Remitly announced the general availability of Remitly Business in Canada, making it the platform’s third live market alongside the US and UK. Designed specifically for small and medium-sized business owners rather than corporate treasury teams, the B2B cross-border payment platform has seen rapid adoption. In Q1 2026, Remitly Business experienced a sequential send volume growth of over 30%, with more than 20,000 active businesses using the service.
To further streamline operations for its users, Remitly Global Inc. (NASDAQ:RELY) is introducing two new features for its US customers: Bulk Payments and Send by Link. Bulk Payments allows business owners to pay multiple international contractors and suppliers simultaneously within a single workflow. Send by Link minimizes transfer errors and data security risks by allowing senders to initiate payments using only a recipient’s email and phone number, leaving the recipient to securely input their own sensitive banking information.
The expansion into Canada builds on a decade of local operations, supported by a Vancouver-based office, registration under Canada’s Retail Payment Activities Act, and a localized payment network that includes Interac e-Transfers. Currently, Remitly Business is active across the US, UK, and Canada, while Send by Link is generally available in the US, and Bulk Payments is undergoing a phased rollout to select US clients.
Remitly Global Inc. (NASDAQ:RELY) provides financial services, specifically cross border remittance services, globally. The company is based in Seattle, Washington.
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