Mario Cibelli from Marathon Partners updates his Remitly Thesis $RELY (podcast #346)
In this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Mario Cibelli of Marathon Partners for his fifth appearance. This time, they revisit Remitly (RELY), a name Mario originally pitched a year ago on podcast #266. The stock has seen ups and downs since, prompting a fresh look at its fundamentals, growth trajectory, and competitive standing—especially against players like Wise. The duo explores key risks including stablecoin disruption, regulatory dynamics, fraud prevention, and recent product launches like Remitly One and Remitly Business. Mario also explains why he believes the market misunderstands Remitly’s valuation and long-term potential.
This podcast is sponsored by Trata
I already know you’re going to like trata. Why? Because you’re reading this blog post, meaning you’re interested in this podcast. And trata is just like this podcast (though without the handsome host!). Trata is anonymized transcripts of buysiders discussing stocks they are following and what they really think will drive the stock. In fact, trata has made sample of one the transcripts I used to prep for the Remitly podcast available for free to check out here. I think you’ll get a ton of value if you just join as a lurker and read transcripts…. but if you want to take it further and do your own anonymized interviews, trata will actually pay you to have conversations on their platform as well! If you haven’t yet, check out Trata; I would be pretty surprised if any serious readers / listeners didn’t find value in their platform.
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