Remitly and Wise serve non-overlapping remittance segments
The bull case argued for Remitly and Wise is that they are generational digital remittance leaders operating in distinct, non-competing market segments rather than direct rivals.
The argument
The guest argued that both companies benefit from the structural 'debanking' trend. While Wise has a larger total addressable market, Remitly trades at a more attractive valuation and serves a different customer demographic, making both highly viable holdings.
The thesis, stress-tested
✓ What validates it
- ✓Sustained market share gains and margin expansion for Remitly as it scales
▸ Risks discussed
- ▸Market perception that the two companies are in direct, margin-eroding competition
Hear it yourself
"I know we talked, briefly about some of the some of the, the remittance companies that we own or remember remittance related. Remitly and Wise, those are both ones we own that we think are, generational companies to own. Remitly trading in a much more attractive valuation to Wise, but Wise has a larger market opportunity."
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