The digital remittance leader Remitly Global, Inc. has caught investors’ attention with its high price-to-earnings ratio of 324.33. Despite its lofty valuation, bullish observers on Paris Analyst’s Substack see strong potential for the company, which was trading at $19.68 as of September 4th.

Obita has raised more than $10 million in an angel round to bolster its stablecoin-based cross-border payment capabilities. The fresh funding is earmarked for research, compliance, and expansion, aiming to accelerate the rollout of its digital financial services.