Prudential Financial and existing shareholder PayU have backed a $135m series E round for Remitly, which concurrently obtained $85m in debt financing.

US-based remittance services provider Remitly secured $135m in series E funding today from investors including insurance provider Prudential Financial and PayU, the payment processing subsidiary of media and e-commerce group Naspers. Generation Investment Management led the round through its Sustainable Solutions Fund, while Owl Rock Capital, Princeville Global, Schroder & Co Bank, Top Tier Capital…

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