Trending: Amazon reportedly eyeing Signify Health as it continues push into healthcare

Seattle-based digital remittance giant Remitly announced Tuesday it plans to acquire Rewire, an Israel-based company founded in 2015 that also facilitates remittances. Remitly will pay about $80 million in cash and stock to buy Rewire, which it described as “geographically complementary.”

Remitly went public last year and reported 42% revenue growth in its most recent quarter. Its stock is down 40% so far in 2022. M&A deals are down from last year’s record but still on pace for the second-most active year.

Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline

Job Listings on GeekWork

Web AnalystSan Jose State University
Sr. DevOps EngineerResolution Bioscience, a part of Agilent
Web Developer & UX StrategistUnited Way of King County
Find more jobs on GeekWork. Employers, post a job here.