REMITLY GLOBAL INC

Remitly Global surges 3.71% as Baillie Gifford quietly adds 4% stake, raising questions about its sustainable profit model amid rising regulatory pressure.

Remitly Global (RELY) edges up 0.62%, trading at $25.42 and surpassing its 200‑day SMA. With a $5.2B market cap and a tech‑first remittance model, the company outpaces peers and taps growing cross‑border demand.