SCHEDULE: Prosus, Naspers Maintain 12.3% Stake in Remitly

PayU Fintech Investments B.V., controlled by Prosus N.V. and Naspers Limited, continues to hold a 12.3% beneficial ownership in Remitly Global, Inc.

Summary

• PayU Fintech Investments B.V., Prosus N.V., and Naspers Limited collectively hold 25,441,745 shares of Remitly Global, Inc. Common Stock.
• This represents 12.3% of Remitly Global, Inc.'s outstanding shares.
• The ownership percentage is based on 206,193,217 shares outstanding as of August 4, 2025, as reported in Remitly's Quarterly Report on Form 10-Q filed on August 6, 2025.
• PayU Fintech Investments B.V. directly holds the shares, while Prosus N.V. and Naspers Limited indirectly hold them through a series of wholly-owned subsidiaries, with Naspers being the majority owner of Prosus.
• All reporting persons share voting and dispositive control over the beneficially owned shares.

Sentiment

Score: 7

Explanation: The filing is largely neutral as it's a routine ownership disclosure. However, the continued significant stake by sophisticated, large-scale investors like Prosus and Naspers can be interpreted as a positive signal of their long-term confidence in Remitly Global, Inc., warranting a slightly positive sentiment.

Positives

• The continued significant beneficial ownership of 12.3% by major investment entities like Prosus N.V. and Naspers Limited indicates ongoing confidence in Remitly Global, Inc.

Future Outlook

This filing is a beneficial ownership disclosure and does not contain forward-looking statements or guidance regarding Remitly Global, Inc.'s future performance or outlook.

Industry Context

This filing pertains to a significant ownership stake in Remitly Global, Inc., a company operating in the digital remittance and financial technology sector. The continued investment by major global internet and entertainment groups like Prosus and Naspers underscores the strategic importance of fintech and cross-border payments within the broader digital economy.

Related Party Transactions

• PayU Fintech Investments B.V. is a 100% subsidiary of MIH Fintech Holdings B.V., which is a 100% subsidiary of MIH e-Commerce Holdings B.V., which is a 100% subsidiary of MIH Internet Holdings B.V., which is a 100% subsidiary of Prosus N.V., which is a majority-owned subsidiary of Naspers Limited. Prosus and Naspers control PayU and share voting and dispositive control over the shares.

Stakeholder Impact

• Shareholders benefit from the transparency provided by this filing, which details the significant ownership stake held by major institutional investors, potentially influencing market perception and confidence.
• The continued investment by these entities may signal stability and long-term strategic alignment for the company.

Key Dates

Recommendation

This Schedule 13G filing primarily discloses a significant, passive ownership stake by a group of related entities. It does not provide new financial performance data, strategic shifts, or operational updates that would warrant a change in investment thesis. The continued holding of a substantial stake by sophisticated investors like Prosus and Naspers suggests a sustained belief in Remitly's long-term prospects, making a 'hold' recommendation appropriate for existing investors. New investors would need to conduct further due diligence on Remitly's operational and financial performance.

Keywords

Remitly Global, PayU, Prosus, Naspers, Fintech, Money Transfer, Payments, Investment, Beneficial Ownership, Schedule 13G