Hi Jakes, Thanks for this very informative. Curious though why you prefer Wise over Remitly as an investment. I see them both with similar annual revenues but Wise is trading at almost a 3X Valuation. Granted I know Wise carries no debt but seems Remitly is just as good (if not better) of an investment?
Hey, good question. As I understand it, Remitly offers promotional discounts and similar prices for the largest channels, but doesn't have near as many channels and is cost disadvantaged in many of those as well. Just based on conversations I've had and seen in Tegus and Alphasense.
Remitly might be a fantastic investment opportunity but I have no opinion on it beyond that at the moment.
Hi Jake, Listening to your podcast on Shift Inc and was wondering if you have any thoughts on it currently. I came across it earlier this year through a screen and passed on it due to valuation but it starting to look pretty interesting at current prices. Are you aware of any good research on this company?
Glad you enjoyed it Phillip. I do not own it but I think very highly of it and it is quite cheap right now. Amazing business. Incredible results in the past several years. I am unsure how things unfold in future years however given the human capital need for revenue growth, and the expanding multiples that they are having to pay for acquisitions more recently.
Hi Jakes, Thanks for this very informative. Curious though why you prefer Wise over Remitly as an investment. I see them both with similar annual revenues but Wise is trading at almost a 3X Valuation. Granted I know Wise carries no debt but seems Remitly is just as good (if not better) of an investment?
Hey, good question. As I understand it, Remitly offers promotional discounts and similar prices for the largest channels, but doesn't have near as many channels and is cost disadvantaged in many of those as well. Just based on conversations I've had and seen in Tegus and Alphasense.
Remitly might be a fantastic investment opportunity but I have no opinion on it beyond that at the moment.
Hi Jake, Listening to your podcast on Shift Inc and was wondering if you have any thoughts on it currently. I came across it earlier this year through a screen and passed on it due to valuation but it starting to look pretty interesting at current prices. Are you aware of any good research on this company?
Thanks for all the great content that you share!
Glad you enjoyed it Phillip. I do not own it but I think very highly of it and it is quite cheap right now. Amazing business. Incredible results in the past several years. I am unsure how things unfold in future years however given the human capital need for revenue growth, and the expanding multiples that they are having to pay for acquisitions more recently.