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United States securities and exchange commission logo
September 9, 2021
Matthew Oppenheimer
Chief Executive Officer
Remitly Global, Inc.
1111 Third Avenue, Suite 2100
Seattle, WA 98101
Re: Remitly Global,
Inc.
Registration
Statement on Form S-1
Filed August 30,
2021
File No. 333-259167
Dear Mr. Oppenheimer:
We have reviewed your registration statement and have the
following comments. In
some of our comments, we may ask you to provide us with information so
we may better
understand your disclosure.
Please respond to this letter by amending your registration
statement and providing the
requested information. If you do not believe our comments apply to your
facts and
circumstances or do not believe an amendment is appropriate, please tell
us why in your
response.
After reviewing any amendment to your registration statement and
the information you
provide in response to these comments, we may have additional comments.
Registration Statement on Form S-1
We benefit from a powerful flywheel, page 7
1. We note your response
to prior comment 1 and your response which indicates that your
five-year LTV/CAC ratio
calculated for the customers acquired during the year ended
December 31, 2020 is
higher than that for December 31, 2019 but that you view the data
for the year ended
December 31, 2020 as an outlier due to several factors. For context,
please revise to
disclose this information to investors or tell us why presenting a single
measurement period is
appropriate.
Principal and Selling Stockholders, page 166
2. Please revise to
provide the required information as of the most recent practicable date.
Refer to Items 403 and
507 of Regulation S-K.
Matthew Oppenheimer
Remitly Global, Inc.
September 9, 2021
Page 2
We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.
You may contact Stephen Kim at 202-551-3291 or Rufus Decker at
202-551-3769 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Donald Field at 202-551-3680 or Mara Ransom at 202-551-3264 with any
other
questions.
FirstName LastNameMatthew Oppenheimer Sincerely,
Comapany NameRemitly Global, Inc.
Division of
Corporation Finance
September 9, 2021 Page 2 Office of Trade &
Services
FirstName LastName