We've Raised $20M to Power Embedded Remittances for Banks, Fintechs, and Retailers

We're pleased to share that Remitee has closed a $20 million funding round led by Krealo, alongside a group of strategic and institutional investors who share our vision. This milestone strengthens our ability to help banks, fintechs, and retailers capture their fair share of the growing remittance market across Latin America, the US, and Europe.

The Remittance Market is Ready for Change

The Inter-American Development Bank reports that remittances to Latin America and the Caribbean surpassed $150 billion in 2024, growing at nearly 9% annually. Behind that figure are 20 million Latino migrants supporting their families every month. For them, remittances aren't optional; they are lifelines.

Yet the experience hasn't kept pace with their needs. Traditional providers still rely on physical networks and outdated systems. Sending money often means high fees, long wait times, and limited choices. It shouldn't be this way.

Building a Better Way

We started Remitee to change this. Our mission is to embed cross-border payments directly into the platforms where people already trust and transact. With a single integration, a bank, retailer, or fintech can give its customers instant access to international transfers, so they don't have to leave their ecosystem or download another app.

And we're going further. Through the same infrastructure, institutions can also enable cross-border direct payments for utilities, education, and healthcare, as well as prepaid cards, mobile top-ups, and other services that give families more choice and control.

Trusted by Leading Institutions

Today, more than 40 institutions rely on our infrastructure, from Santander, Banco Galicia, Banco Estado, BCP, Yape, and Falabella to Copec, GetNet, Remitly, and MoneyGram.

We've proven that with Remitee, institutions can move quickly. Partners can launch in a few weeks instead of years, and many are already seeing double-digit gains in retention and transaction volume. That's the power of embedded services: they keep customers where they already feel confident, while unlocking new revenue streams.

Results that Speak for Themselves

Our growth backs this up. In 2024 we quadrupled transaction volume year over year and reached sustained profitability. That combination of scale and sustainability is rare in fintech, and it demonstrates that the infrastructure model we're building works.

Looking Ahead

This funding round allows us to accelerate. We're expanding to cover all Latin American corridors, deepening our presence in the US-Europe-LatAm triangle, and aiming to grow our enterprise customer base tenfold by 2027.

We're also continuing to invest in our technology. Our hybrid treasury infrastructure allows for instant settlement in both fiat and stablecoins, which provides unmatched flexibility and 24/7 instant settlement capabilities across markets. Its AI-powered engine delivers smart payment routing and strengthens regulatory controls, ensuring greater reliability and compliance at scale. For our clients, this means flexibility, reliability, and resilience in every transaction.

A Step Toward the Future

For millions of families, remittances are the foundation of everyday life. Our goal is to make those flows faster, fairer, and simpler by bringing them into the financial services people already use.

We're grateful to our clients, partners, and investors for believing in this vision. This round marks progress, but the journey is just beginning. Together, we're building the infrastructure that will power the next generation of cross-border financial services.