Remitly Faced Investigation Over Misleading Marketing — Here’s How $RELY Investors Can Recover

Remitly faced an investigation over misleading marketing and financial disclosures.

What is this investigation about?

In March 2025, Spruce Point Capital accused Remitly of using fake customer testimonials and manipulating online reviews to inflate trust.

The company allegedly stopped reporting key financial metrics like transaction counts and customer acquisition costs while issuing excessive stock-based compensation to support its valuation.

Governance concerns were further amplified by internal control issues and the sudden resignation of the Chief Accounting Officer.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify RELY investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed — or follow this case for key updates.