Remitly vs Wise
Business model, scale, and a side-by-side Litmus framework score — which model wins, and for whom.
Remitly wins for migrants needing cash payout; Wise wins for banked expats and SMBs on transparency.
At a glance
| Metric | Remitly | Wise |
|---|---|---|
| Revenue | $1.6B (FY2025, +29% YoY) | £1.36B underlying income (FY25) |
| Profit | $67.9M Net Income (first full-year GAAP profit) | £282M underlying PBT (FY25) |
| Active users | 9.3M Active Customers | 10.9M active customers (Q3 FY26) |
| Employees | 2,800+ | 6,000+ |
| Founded | 2011 | 2011 |
| HQ | Seattle, WA | London, UK |
LLitmus Framework Score
Overall: Remitly 91 · Wise 90
Customer Segment
96
92
Value Proposition
94
95
Marketing Channel
91
90
Engagement
87
85
Income Source
92
94
Asset Validation
95
91
Core Operations
88
88
Strategic Alliance
90
85
Expense Validation
84
93
Remitly leads 5 modules, Wise leads 3. Overall edge: Remitly.
Head to head
| Dimension | Remitly | Wise |
|---|---|---|
| Active customers | 9.3M | 16M+ |
| Revenue | $1.6B (FY25) | $1.5B+ |
| Core revenue | FX spread (~60%) | Transparent upfront fee |
| Cash payout | 450k+ locations | Account-to-account only |
| Target user | Migrant workers | Banked expats / SMBs |
FAQ
Is Remitly or Wise a better business?
Remitly wins for migrants needing cash payout; Wise wins for banked expats and SMBs on transparency. It depends on what you optimise for — see the module-by-module breakdown above.
What is the difference between Remitly and Wise's business model?
Remitly operates in Fintech (Promise kept), while Wise is Fintech (Money without borders). Their revenue, scale and Litmus scores are compared in detail above.
Which is more profitable, Remitly or Wise?
Remitly: $67.9M Net Income (first full-year GAAP profit). Wise: £282M underlying PBT (FY25).