3//SEC Filing
PayU Fintech Investments B.V. 3
Accession 0000899243-21-038181
CIK 0001782170other
Filed
Sep 28, 8:00 PM ET
Accepted
Sep 29, 4:05 PM ET
Size
13.2 KB
Accession
0000899243-21-038181
Insider Transaction Report
Form 3
PayU Fintech Investments B.V.
10% Owner
Holdings
- (indirect: See Footnotes)
Series E Convertible Preferred Stock
→ Common Stock (1,678,810 underlying) - (indirect: See Footnotes)
Series F Convertible Preferred Stock
→ Common Stock (5,740,465 underlying) - (indirect: See Footnotes)
Series Seed Prime Convertible Preferred Stock
→ Common Stock (71,621 underlying) - 15,000(indirect: See Footnotes)
Common Stock
- (indirect: See Footnotes)
Series A Convertible Preferred Stock
→ Common Stock (1,262,230 underlying) - (indirect: See Footnotes)
Series C Convertible Preferred Stock
→ Common Stock (1,616,743 underlying) - (indirect: See Footnotes)
Series D Convertible Preferred Stock
→ Common Stock (26,375,481 underlying)
Footnotes (3)
- [F1]Represents shares directly held by PayU Fintech Investments B.V. ("PayU") and indirectly held by Prosus N.V. and Naspers Ltd. Prosus N.V. and Naspers Ltd. previously filed a Form 3 reporting beneficial ownership of these securities on September 22, 2021. This Form 3 is being filed to reflect that PayU, the direct holder of these securities, is a Reporting Person. PayU is a subsidiary of MIH Fintech Holdings B.V., which in turn is a subsidiary of MIH e-Commerce Holdings B.V., which in turn is a subsidiary of MIH Internet Holdings B.V., which is in turn a subsidiary of Prosus N.V., which is an indirect, majority-owned subsidiary of Naspers Ltd. PayU is controlled by Prosus N.V. and Naspers Ltd., which share voting and dispositive control over the shares held by PayU. Naspers Ltd. employs a differential voting structure involving two South African entities, Naspers Beleggings (RF) Beperk ("Nasbel") and Keeromstraat 30 Beleggings (RF) Beperk ("Keerom"),
- [F2](Continued from footnote 1), the sole remit of which is to protect the continued independence of Naspers Ltd. Each of Nasbel and Keerom disclaims beneficial ownership of all shares of Common Stock owned by the Reporting Persons, except to the extent of their respective pecuniary interest therein. Laurent Le Moal, a member of board of directors of the Issuer, is the Chief Executive Officer of PayU, but has no voting or dispositive control over the shares held by PayU.
- [F3]The reported security is convertible into the Issuer's Common Stock on a 1-for-1 basis at any time at the holder's election and shall automatically convert into Common Stock immediately prior to the closing of the Issuer's initial public offering without payment of further consideration. The shares have no expiration date.
Documents
Issuer
Remitly Global, Inc.
CIK 0001782170
Entity typeother
IncorporatedNetherlands
Related Parties
1- filerCIK 0001885449
Filing Metadata
- Form type
- 3
- Filed
- Sep 28, 8:00 PM ET
- Accepted
- Sep 29, 4:05 PM ET
- Size
- 13.2 KB