Remitly Global slumps on weak Q1 revenue

** Shares of digital financial services provider Remitly Global RELY slump nearly 22% to $13.70 in after hours trading

** Reports Q1 revenue of $269.1 mln, below analyst estimates of $274 mln, per LSEG data

** Sees FY revenue of $1.22 bln-$1.25 bln vs. est. of $1.24 bln; expects to "remain in a GAAP net loss position for 2024"

** Stock has fallen 9.8% YTD