RELY Q3 2025 Earnings Presentation

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Nov 2025 / © 2025 Remitly Inc. 2 Forward-Looking StatementsThis presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding our future events or our future results of operations andfinancial position, including our fiscal year and fourth quarter 2025 financial outlook, including forecasted fiscal year and fourth quarter 2025 revenue, net income (loss), and Adjusted EBITDA, anticipated future expenses and investments, expectations relating to certain of our key financial and operating metrics, our business strategy and plans, our growth, our position and potential opportunities, and our objectives for future operations. Thewords such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “likely,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms are intended to identify forward-looking statements. Forward-looking statements are based on management’s expectations, assumptions, and projections based on information available at the time the statements were made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including risks and uncertainties related to: our expectations regarding our revenue, expenses, and other operating results; our ability to acquire new customers and successfully retain existing customers; our ability to develop new products and services in a timely manner; our ability to achieve or sustain our profitability; our ability to maintain and expand our strategic relationships with third parties; our business plan and our ability to effectively manage our growth; anticipated trends, growth rates, and challenges in our businessand in the market segments in which we operate; our ability to attract and retain qualified employees; uncertainties regarding the impact of geopolitical and macroeconomic conditions, including currency fluctuations, inflation, regulatory changes (including as may be related to immigration, fiscal and tax policy, foreign trade, or foreign investment), or regional and global conflicts or related government sanctions, or legislative or regulatory developments; our ability to maintain the security and availability of our solutions; our ability to maintain our money transmission licenses and other regulatory clearances or obtain new licenses and regulatory clearances;our ability to maintain and expand international operations; and our expectations regarding anticipated technology needs and developments and our ability to address those needs and developments with our solutions. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, our actual results could differ materially and adversely from those anticipated or implied inthe forward-looking statements. Further information on risks that could cause actual results to differ materially from forecasted results is included in our quarterly report on Form 10-Q for the quarter ended September 30, 2025, to be filed with the SEC, and within our annual report on Form 10-K for the year ended December 31, 2024 filed with the SEC, which are or will be available on our website at https://ir.remitly.comand on the SEC’s website at www.sec.gov. The forward-looking statements in this presentation speak only as of the date of this presentation and except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. The guidance in this presentation is only effective as of the date given, November 5, 2025, and will not be updated or affirmed unless and until we publicly announce updated or affirmed guidance. Distribution of or reference to this deck following November 5, 2025 does not constitute re-affirming guidance by Remitly. Non-GAAP Financial MeasureA reconciliation of GAAP to non-GAAP financial measures has been provided in the Appendix included in this presentation. An explanation of these measures is also included in the Appendix within this presentation under the heading “Non-GAAP Financial Measures.” We have not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to forecasted GAAP income (loss) before income taxes within this presentation because we cannot, without unreasonable effort, calculate certain reconciling items with confidence dueto the variability, complexity, and limited visibility of the adjusting items that would be excluded from forecasted Adjusted EBITDA. These items include but are not limited to income taxes, stock-based compensation expense, net, and payroll taxes related to stock-based compensation expense, net, which are directly impacted by unpredictable fluctuations in the market price of our common stock. The variability of these items could have a significant impact on our future GAAP financial results. Disclosures

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Nov 2025 / © 2025 Remitly Inc. 3Q25 Revenue Strong Financial Performance3Q25 Profitability *Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. Please see reconciliation of non-GAAP measures to the most comparable GAAP measures in the Appendix. $419.5mup 25% Y/Y $8.8mGAAP Net Income $61.2mAdjusted EBITDA* 15%Adjusted EBITDA Margin*4

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Nov 2025 / © 2025 Remitly Inc. Business Momentum●Nearly 10Kactive businesses●~2xaverage transaction size●~2xhigher send volume, sequentially Product Improvements●Strengthened our KYB engine →higher approval rates●Refined verification checks →reduced onboarding friction MarketExpansion●Expanding TAM from 2T to 22T1 ●Launched in the UK & Canada 6 Remitly Business 1. FXC Intelligence Data: 2024 Market Size of non-wholesale cross-border payments: SMB Goods $10.6T, C2B $4.5T, SMB Services $3.3T, B2C $1.9T*Based on early business customer cohorts

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Nov 2025 / © 2025 Remitly Inc. Remitly One 8 WalletMulti-currency walletfor secure storage of fiat and stablecoins Remitly OneMove. Manage. Grow. Flex“Send now, pay later”liquidity for cross-border needs Benefits Earn boost rewards to grow funds & cashback on transactions Benefits Instant funding, flexible repayment terms, & multiple withdrawals Debit CardSpend directly from Remitly Wallet Benefits Spend globally with no foreign transaction fees Annual boost rate is variable and subject to change

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Nov 2025 / © 2025 Remitly Inc. Stablecoins 9 Network Expansion●Integrated blockchain payout rails via Bridge, a Stripe company●Launched in Nigeria and Argentina CustomerRollout●Limited rollout of USDC wallet in the US●Foundation for global expansion TreasuryOperations●Operationalized tokenized USD for global liquidity●Enabling 24/7 settlement & improved capital efficiency

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RevenueProfitabilityScale 3Q —Strong execution *Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. Please see reconciliation of non-GAAP measures to the most comparable GAAP measures in the Appendix. 12Nov 2025 / © 2025 Remitly Inc. 8.9m21% growth in quarterly active customersover 3Q 2024 $19.5b35% growth in send volumeover 3Q 2024 $419.5m25% growth in revenue over 3Q 2024$61.2mAdjusted EBITDA* $8.8mGAAP Net Income 15%Adjusted EBITDA Margin*

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Four key focus areas to drive sustainable, long-term returns Note: $ in millions. 1. Adjusted EBITDAand Adjusted EBITDA margin are non-GAAP measures. Please see reconciliationof non-GAAP measures to the most comparable GAAP measures in the Appendix. 13Nov 2025 / © 2025 Remitly Inc. Quarterly Active Customers (in thousands) Revenue Revenue less Transaction ExpenseAdjusted EBITDA1 YoY % Growth35%32%29%24%21% YoY % Growth42%33%34%35%23% YoY % Growth39%33%34%34%25% Adj. EBITDA Margin14%13%16%16%15% Net Income (Loss)$2($6)$11$7$9

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Nov 2025 / © 2025 Remitly Inc. 14 Delivering operating efficiencies3Q 25 Year-over-Year ChangePerformance Drivers Non-GAAP Operating Expenses as a % of Revenue1 Marketing2bps●Increased investment in high amount senders and Remitly Business●Efficiencies in digital and brand marketing along with word of mouth CS21bps●Product improvements driving lower contact rates ●Increasing automation including AI-driven virtual assistant T&D53bps●Efficient spend while delivering innovation goals G&A35bps●Rigorous discipline on hiring and non-headcount spend 1. Operating expenses are non-GAAP measures. Please see reconciliation of non-GAAP measures to the most comparable GAAP measuresin the Appendix.

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Note: We expect GAAP net income to be positive for the fourth quarter of 2025. We also expect positive GAAP net income for the full year 2025. This guidance is only effective as of the date given, November 5, 2025, and will not be updated or affirmed unless and until we publicly announce updated or affirmed guidance. Distribution or reference of this deck following November 5, 2025 does not constitute re-affirming guidance. We cannot, without unreasonable effort, provide a quantitative reconciliation of forecasted adjusted EBITDA to forecasted GAAP net income due to the variability, complexity, and limited visibility of the adjusting items that would be excluded from forecasted adjusted EBITDA. 15Nov 2025 / © 2025 Remitly Inc. 2025 and 4Q 2025 Outlook 2025 $1.619b -$1.621b2025 Revenue, 28% YoY growth $234m -$236m2025 Adjusted EBITDA 4Q 2025 $426m -$428m4Q 2025 Revenue, 21% to 22% YoY growth $50m -$52m4Q 2025 Adjusted EBITDA

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Nov 2025 / © 2025 Remitly Inc. 19 Some of the financial information and data contained in this presentation, such as Adjusted EBITDA and non-GAAP operating expenses, have not been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").We regularly review our key business metrics and non-GAAP financial measures to evaluate our performance, identify trends affecting our business, prepare financial projections, and make strategic decisions. We believe that these key business metrics and non-GAAP financial measures provide meaningful supplemental information for management and investors in assessing our historical and future operating performance. Adjusted EBITDA and non-GAAP operating expenses are key output measures used byour management to evaluate our operating performance, inform future operating plans, and make strategic long-term decisions, including those relating to operating expenses and the allocation of internal resources. Remitly believes that the use of Adjusted EBITDA and non-GAAP operating expenses provides additional tools to assess operational performance and trends in, and in comparing Remitly’s financial measures with, other similar companies, many of which present similar non-GAAP financial measures to investors. Remitly’s non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial measures determined in accordance with GAAP. Because of the limitations of non-GAAP financial measures, you should consider the non-GAAP financial measures presented herein in conjunction with Remitly’s financial statements and the related notes thereto. Please refer to the non-GAAP reconciliations in this presentation for a reconciliation of these non-GAAP financial measures to the most comparable financial measure prepared in accordance with GAAP.We calculate Adjusted EBITDA as net income (loss) adjusted by (i) interest (income) expense, net, (ii) provision for income taxes, (iii) noncash charges of depreciation and amortization, (iv) other income (expense), net, (v) noncash charges associated with our donation of common stock in connection with our Pledge 1% commitment, (vi) noncash stock-based compensation expense, net, (vii) payroll taxes related to stock-based compensation expense, net, and (viii) certain integration, restructuring, and other costs. We calculate non-GAAP operating expenses as our GAAP operating expenses adjusted by (i) noncash stock-based compensation expense, net, (ii) payroll taxes related to stock-based compensation expense, net, (iii) noncash charges associated with our donation of common stock in connection with our Pledge 1% commitment, as well as (iv) certain integration, restructuring, and other costs. We calculate revenue growth on a constant currency basis by translating current period GAAP revenue from foreign currency denominated subsidiary revenue at an exchange rate consistent with the prior period's average monthly rates, and then comparing it to the prior period reported GAAP revenue. Fluctuations in the United States Dollarcompared to foreign currency resulted in an increase to revenue of approximately $3.1 million for the three months ended September 30, 2025, when compared to foreign currency rates in the prior period. On a constant currency basis, revenue would have been up 24% as compared to the same quarter in the prior year. Non-GAAP Financial Measures

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Nov 2025 / © 2025 Remitly Inc. Reconciliation of operating expenses to non-GAAP operating expenses (in thousands) 3Q 20252Q 20251Q 20254Q 20241 3Q 2024 1 Customer support and operations$26,386$25,074$22,573$22,008$21,792Excluding: Stock-based compensation expense, net455453256268278Excluding: Payroll taxes related to stock-based compensation expense, net5 8 8 3 5Non-GAAP customer support and operations$25,926$24,613$22,309$21,737$21,509Marketing $91,778$84,976$73,349$83,937$74,792Excluding: Stock-based compensation expense, net4,0104,7474,1274,5954,514Excluding: Payroll taxes related to stock-based compensation expense, net271258456352179Excluding: Integration, restructuring, and other costs35 175490- -Non-GAAP marketing $87,462$79,796$68,276$78,990$70,099Technology and development$80,421$77,496$73,851$70,611$68,446Excluding: Stock-based compensation expense, net24,39221,87321,23722,52721,873Excluding: Payroll taxes related to stock-based compensation expense, net4758851,981428351Excluding: Integration, restructuring, and other costs1711,382- - -Non-GAAP technology and development$55,383$53,356$50,633$47,656$46,222General and administrative$55,973$59,581$52,829$54,875$50,920Excluding: Stock-based compensation expense, net11,11710,99310,17214,22412,613Excluding: Payroll taxes related to stock-based compensation expense, net891368695264198Excluding: Donation of common stock858907959-2,587Excluding: Integration, restructuring, and other costs290979418- -Non-GAAP general and administrative$42,817$46,334$40,585$40,387$35,522 20 Non-GAAP Reconciliation 1. As previously announced on February 19, 2025, the Company's presentation of non-GAAP operating expenses now excludes the impact of payroll taxes related to stock-based compensation expense, net. Prior period non-GAAP operating expenses have been recast to reflect this change.

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Nov 2025 / © 2025 Remitly Inc. Reconciliation of net income (loss) to Adjusted EBITDA and calculation of Adjusted EBITDA margin (in thousands, except for percentages)3Q 20252Q 20251Q 20254Q 20241 3Q 2024 1 21 Non-GAAP ReconciliationNet income (loss) $8,829$6,536$11,352($5,724)$1,917Add:Interest (income) expense, net50(411)(488)(877)(1,305)Provision for income taxes3,5941,5783,5905891,850Depreciation and amortization6,4346,3265,3965,8144,655Other (income) expense, net(696)6,940(2,221)2,273(2,274)Donation of common stock858907959-2,587Stock-based compensation expense, net39,97438,06635,79241,61439,278Payroll taxes related to stock-based compensation expense, net1,6421,5193,1401,047733Integration, restructuring, and other costs4962,536908- -Adjusted EBITDA $61,181$63,997$58,428$44,736$47,441 Revenue $419,494$411,852$361,624$351,895$336,527 Adjusted EBITDA margin14.6%15.5%16.2%12.7%14.1% Note: Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue.1. As previously announced on February 19, 2025, the Company's presentation of Adjusted EBITDA now excludes the impact of payroll taxes related to stock-based compensation expense, net. Prior period Adjusted EBITDA has been recast to reflect this change.

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Thank you.

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