JPMorgan Chase Increases Stake in Remitly Global

Financial services giant boosts ownership in digital remittance provider

Mar. 23, 2026 at 8:52am

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JPMorgan Chase & Co. has increased its stake in Remitly Global, Inc. (NASDAQ:RELY) by 5.1% during the third quarter, according to a recent SEC filing. The firm now owns 2,138,754 shares of the financial services provider's stock, worth approximately $34.86 million.

Why it matters

The increased investment by JPMorgan Chase, one of the world's largest financial institutions, signals confidence in Remitly's growth potential within the digital remittance market. As more immigrants and expatriates seek faster and more transparent money transfer options, Remitly's platform has gained traction.

The details

According to the filing, JPMorgan Chase purchased an additional 104,716 shares of Remitly Global during the third quarter, bringing its total ownership to 1.02% of the company. The investment comes as Remitly has seen its stock price fluctuate since going public in 2021, trading between $12.08 and $24.70 over the past year.

  • JPMorgan Chase increased its Remitly Global stake during the third quarter of 2025.
  • Remitly Global went public in 2021.

The players

JPMorgan Chase & Co.

One of the world's largest financial services firms, with operations in investment banking, asset management, and consumer banking.

Remitly Global, Inc.

A digital financial services company that specializes in cross-border money transfers, enabling immigrants and expatriates to send remittances to their families abroad.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

JPMorgan Chase's increased investment in Remitly Global underscores the growing demand for digital remittance services and the financial services provider's confidence in Remitly's ability to capitalize on this trend. As the remittance market continues to evolve, Remitly's focus on fast, transparent, and secure money transfers could position it for further growth.