Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 1)*
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Remitly Global, Inc. (Name of Issuer) |
Common Stock, par value $0.0001 per share (Title of Class of Securities) |
75960P104 (CUSIP Number) |
05/14/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 75960P104 |
| 1 | Names of Reporting Persons
PayU Fintech Investments B.V. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
NETHERLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
25,441,745.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
12.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: Note to Rows 6, 8 & 9: Represents Shares (as defined below) directly held by PayU Fintech Investments B.V. (PayU) and indirectly held by Prosus N.V. (Prosus) and Naspers Ltd. (Naspers), which are, together, significant stockholders of the Issuer. PayU 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, which is a majority-owned subsidiary of Naspers. Prosus and Naspers control PayU and share voting and dispositive control over the Shares. Naspers employs a differential voting structure involving two South African entities, Naspers Beleggings (RF) Beperk and Keeromstraat 30 Beleggings (RF) Beperk, the sole remit of which is to protect the continued independence of Naspers Limited. Each of the foregoing two entities disclaims beneficial ownership of all Shares, except to the extent of their respective pecuniary interests therein. Note to Row 11: The percentage ownership is based on 206,193,217 shares outstanding as of August 4, 2025, as reported in the Issuer's (as defined below) Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 6, 2025.
SCHEDULE 13G
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| CUSIP No. | 75960P104 |
| 1 | Names of Reporting Persons
NASPERS LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
 (b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
SOUTH AFRICA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
25,441,745.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
12.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: Note to Rows 6, 8 & 9: Represents Shares (as defined below) directly held by PayU Fintech Investments B.V. (PayU) and indirectly held by Prosus N.V. (Prosus) and Naspers Ltd. (Naspers), which are, together, significant stockholders of the Issuer. PayU 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, which is a majority-owned subsidiary of Naspers. Prosus and Naspers control PayU and share voting and dispositive control over the Shares. Naspers employs a differential voting structure involving two South African entities, Naspers Beleggings (RF) Beperk and Keeromstraat 30 Beleggings (RF) Beperk, the sole remit of which is to protect the continued independence of Naspers Limited. Each of the foregoing two entities disclaims beneficial ownership of all Shares, except to the extent of their respective pecuniary interests therein. Note to Row 11: The percentage ownership is based on 206,193,217 shares outstanding as of August 4, 2025, as reported in the Issuer's (as defined below) Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 6, 2025.
SCHEDULE 13G
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| CUSIP No. | 75960P104 |
| 1 | Names of Reporting Persons
PROSUS N.V. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
NETHERLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
25,441,745.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
12.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: Note to Rows 6, 8 & 9: Represents Shares (as defined below) directly held by PayU Fintech Investments B.V. (PayU) and indirectly held by Prosus N.V. (Prosus) and Naspers Ltd. (Naspers), which are, together, significant stockholders of the Issuer. PayU 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, which is a majority-owned subsidiary of Naspers. Prosus and Naspers control PayU and share voting and dispositive control over the Shares. Naspers employs a differential voting structure involving two South African entities, Naspers Beleggings (RF) Beperk and Keeromstraat 30 Beleggings (RF) Beperk, the sole remit of which is to protect the continued independence of Naspers Limited. Each of the foregoing two entities disclaims beneficial ownership of all Shares, except to the extent of their respective pecuniary interests therein. Note to Row 11: The percentage ownership is based on 206,193,217 shares outstanding as of August 4, 2025, as reported in the Issuer's (as defined below) Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 6, 2025.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Remitly Global, Inc. | |
| (b) | Address of issuer's principal executive offices:
1111 Third Avenue, Suite 2100, Seattle, Washington, 98101 | |
| Item 2. | ||
| (a) | Name of person filing:
This Schedule is jointly filed by PayU Fintech Investments B.V., a private limited liability company organized under the laws of the Netherlands ("PayU"), Prosus N.V., a public limited liability company incorporated under the laws of the Netherlands ("Prosus") and Naspers Limited, a public limited liability company organized under the laws of the Republic of South Africa ("Naspers"). The foregoing entities are collectively referred to as the "Reporting Persons." | |
| (b) | Address or principal business office or, if none, residence:
PayU Fintech Investments B.V. Symphony Offices Gustav Mahlerplein 5 Amsterdam, 1082 MS The Netherlands Naspers Limited Media24 Centre 40, Heerengracht Cape Town, 8001 South Africa Prosus N.V. Symphony Offices Gustav Mahlerplein 5 Amsterdam, 1082 MS The Netherlands | |
| (c) | Citizenship:
See Row 4 of cover page for each Reporting Person. | |
| (d) | Title of class of securities:
Common Stock, par value $0.0001 per share | |
| (e) | CUSIP No.:
75960P104 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
| |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
The shares of the Issuer identified herein (Shares) are directly held by PayU Fintech Investments B.V. (PayU) and indirectly held by Prosus N.V. (Prosus) and Naspers Ltd. (Naspers), which are, together, significant stockholders of the Issuer. PayU 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, which is a majority-owned subsidiary of Naspers. Prosus and Naspers control PayU and share voting and dispositive control over the Shares. Naspers employs a differential voting structure involving two South African entities, Naspers Beleggings (RF) Beperk and Keeromstraat 30 Beleggings (RF) Beperk, the sole remit of which is to protect the continued independence of Naspers Limited. Each of the foregoing two entities disclaims beneficial ownership of all Shares, except to the extent of their respective pecuniary interests therein. (a) Amount beneficially owned: See Row 9 of cover page for each Reporting Person. | |
| (b) | Percent of
class:
See Row 11 of cover page for each Reporting Person. %
| |
| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting Person. | ||
| (ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting Person. | ||
| (iii) Sole power to dispose or to direct the disposition of:
See Row 7 of cover page for each Reporting Person. | ||
| (iv) Shared power to dispose or to direct the disposition of:
See Row 8 of cover page for each Reporting Person. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Exhibit Information
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99.1 Joint Filing Agreement, dated as of February 10, 2022, by and among the Reporting Persons. |