Remitly Expands B2B Payments with Bulk Transfers and Send by Link — Remitly Global, Inc.

Event summary

Remitly Business introduces Bulk Payments and Send by Link features for US SMBs.
Send volume grew over 30% quarter-over-quarter in Q1 2026, with 20,000 businesses using the platform.
Remitly Business reaches general availability in Canada, joining US and UK markets.
Bulk Payments allows single workflow payments to multiple international recipients.
Send by Link reduces payment errors by securely collecting recipient details via a link.

The big picture

Remitly is addressing the $20 trillion cross-border B2B payments market with solutions tailored for SMBs, a segment often overlooked by traditional financial services. The launch of Bulk Payments and Send by Link underscores the company's focus on efficiency and error reduction, critical pain points for small business owners managing international transactions. With general availability in Canada, Remitly is positioning itself as a key player in the fintech space, leveraging its existing consumer base to drive B2B adoption.

What we're watching

Market Penetration: Whether Remitly can sustain its 30% quarterly send volume growth as it scales in Canada and other markets.
Competitive Dynamics: How Bulk Payments and Send by Link will position Remitly against traditional wire transfer services and other fintech competitors.
Regulatory Compliance: The pace at which Remitly can expand its payment network while adhering to regulations like Canada's RPAA.