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  "documentTitle": "Remitly Global, Inc. (RELY)",
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      "text": "Former employees express concerns that product development is not the Company's core competency.",
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      "text": "Given our view that Remitly's core product is commoditized with long-term downward pressures on pricing, we believe it is vital for the Company to develop new product offerings for its customer base. However, recent efforts to progress \"Remitly for Developers\" and \"Passbook\" appear to have fizzled out. Former employees express concerns that product development is not the Company's core competency.",
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      "text": "And so because there wasn't an overlap in terms of our customer base and Passbook was the product that we had, it wasn't going to scale as fast, because the synergies weren't there as fast as we would have wanted it to. — CEO on Passbook, JP Morgan Conf, May 22, 2023",
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