On November 13, 2025, Divisadero Street Capital Management, LP sold 5,036,343 shares of Remitly Global, reducing its position by $94.68 million, a 3.94% change from its reportable AUM. Post-trade, the fund holds 61,463 shares valued at $1.00 million, now accounting for 0.04% of AUM and falling outside the top five holdings. Shares of Remitly were priced at $12.49, down 38.3% over the past year. The company operates in digital remittance, targeting immigrant communities globally with technology-enabled financial solutions.

Divisadero Street Capital’s decision to sell most of its Remitly position is significant, removing a major institutional holder. Remitly faces competition from digital-first rivals and incumbents in the remittance market. Investors are now focused on the company’s path to profitability and customer behavior stability. Remitly aims to prove its ability to expand margins as volumes grow, possibly securing a larger role in the evolving remittance ecosystem.

Read more at Nasdaq: The Remitly Reassessment: What Divisadero’s 95 Million Exit Tells Us About Digital Money Movement