Up to now, the company has only focused on transfers from US dollars to three countries — India, Mexico and the Philippines — which Oppenheimer says account for three of the top-five countries for receiving money transfers (the other two are China and Vietnam). Remitly’s existing business has now passed $1 billion transferred annually, and today, to coincide with the funding, Remitly is expanding its sending options to include Canada, where immigrants and others send $23 billion abroad to families each year.

http://techcrunch.com/2016/04/26/remitly-raises-38-5m-more-to-take-on-western-union-passes-1b-transferred-annually/