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  "docSlug": "0241ef55185f",
  "documentTitle": "Remitly Global, Inc. (RELY)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-03-11 00:00:00",
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  "notes": "Uses a comparison table to contrast IPO-era disclosures with current reporting practices.",
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      "kind": "callout",
      "text": "Remitly recently ceased disclosing mobile wallets by lumping them together with bank accounts. Yet, it also says that mobile wallets are a key determinant of transaction fees.",
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      "text": "Transaction fees vary based on the corridor, the currency in which funds are delivered to the recipient, the funding method a customer chooses (e.g., ACH, credit card, debit card, etc.), and the amount of the customer's principal. — Remitly IPO Prospectus",
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      "text": "Source: RELY 2024 10-K and IPO Prospectus",
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      "text": "Comparison of IPO vs current disclosures regarding transaction fees and mobile wallet reporting.",
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      "text": "Remitly Ceased Reporting Mobile Wallets, A Key Driver of Transaction Fees",
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