Remitly Global, a global digital financial services provider for immigrants and their families, announced on Tuesday that it is acquiring Rewire, an Israeli fintech startup that has developed a services platform for migrant workers. Under the terms of the agreement, Remitly will acquire Rewire for approximately $80 million consisting of a mix of cash and stock. This is the largest acquisition in the history of Remitly, which is traded on the Nasdaq at a market value of about $2 billion.Rewire was founded in 2015 by entrepreneurs Guy Kashtan (CEO), Saar Yahalom (CTO), Adi Ben Dayan (VP R&D), and Or Benoz.

https://www.calcalistech.com/ctechnews/article/hjgqbmf09

#calcalistech