Mario Cibelli, Managing Partner at Marathon Partners Equity Management, LLC, joins the podcast for the fourth time to share his thesis on Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders.
Chapters:
[0:00] Introduction + Episode sponsor: Tegus
[1:58] What is Remitly Global $RELY and why are they so interesting to Mario
[3:22] What is Mario seeing in $RELY that the market is missing that makes this an alpha opportunity (in Mario's opinion)
[8:08] $RELY service use case / question of fees to transfer money / bear case / crypto
[17:25] How does their customer base trust them / why is it so complex to do digital disbursement the right way?
[27:32] Digital fraud / business environment
[35:34] Bear case cont'd. / valuation
[44:48] Thoughts on Wise
[51:13] Marketing expenses
[58:56] Valuation cont'd
[1:02:33] What keeps Mario up on at night on $RELY thesis
[1:08:10] Final thoughts / additional key points investors should be aware of about $RELY, i.e., direct connections
[1:16:34] Stable coins/crypto - why not a risk? Why Mario thinks it's an accelerant?
Episode sponsor: Tegus
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