Remitly's 24% Stock Selloff Looks Like Trouble From Trump's Immigration Crackdown
Forbes·2025-11-07 04:15
Money-transfer app Remitly has taken significant market share from incumbents like Western Union since its 2011 founding, but its stock price has languished this year.SOPA Images/LightRocket via Getty ImagesRemitly, a financial technology company that lets consumers in places like the U.S. and Canada send money home to countries like Mexico and the Philippines, may finally be seeing the effects of President Trump’s immigration crackdown on its business.The 14-year-old Seattle business announced its third qu ...