🔴 Remitly is trading 4.7% down today as financial stocks sell off

Remitly is trading 4.7% down at $20.28, with the decline appearing mainly aligned with a broader financial-sector sell-off.

• Shares fell from the September 22 close of $21.28.
• XLF is down 2.04% as investors weigh AI-disruption fears and rate-related pressure.
• No clear company-specific announcement, earnings release, or downgrade explains the September 23 decline. The latest identified update was an Etsy partnership, announced September 9 and updated September 22. Confidence is medium given limited company-specific coverage.