Remitly Global (NASDAQ: RELY) started as a simple idea of making it cheaper and faster for immigrants to send money home. A decade later, that idea has grown into a company that moves enormous sums for its customers, and analysts rate it a Buy.
Remitly is now trying to become something bigger, the financial home for people who live across borders. Wall Street loved that story most of this summer. Then September arrived, and the stock gave back a big chunk of its gains.
