Remitly’s business is on a roll. The Seattle-based digital remittance company reported its full-year results Wednesday for 2023. Total revenue last year came in at $944.3 million, up 44% year-over-year;… Read More
— Kim Vu, vice president of environmental social governance at Seattle digital remittance giant Remitly, will step down from her role at the end of the third quarter. Vu wrote… Read More
— Seattle-based fintech company Remitly added two new board members: Ryno Blignaut and Phyllis Campbell. Blignaut is an investor with Silicon Valley venture firm Khosla Ventures and previously served as CFO… Read More
On the 24th floor of a downtown Seattle skyscraper, Remitly is feeling out the so-called future of work. And they’re using a lot of couches to get there. “People had… Read More
Seattle-based digital remittance giant Remitly announced Tuesday it plans to acquire Rewire, an Israel-based company founded in 2015 that also facilitates remittances. Remitly will pay about $80 million in cash… Read More
Jonathan Burstein, who co-founded voice technology startup Jargon and made a lasting impact at Seattle-area tech companies including Microsoft, Amazon, Zillow and Remitly, was an intuitive and empathetic engineer, angel… Read More
Shares of Remitly rose 9% in after-hours trading Wednesday following the release of the company’s fourth quarter earnings report. The remittance company, which went public in September, reported Q4 revenue… Read More
Crypto giant Coinbase launched a free pilot program Tuesday to let customers in Mexico cash out digital currencies. It’s made possible through a partnership with Seattle-based remittance company Remitly, which… Read More
Seattle-based financial services company Remitly issued its first earnings report since its initial public offering, reporting revenue of $121.2 million for the quarter ended Sept. 30, up 69%. Remitly offers… Read More
It’s been a heck of a startup journey for Remitly. The latest chapter begins Thursday when the mobile remittance company starts trading on the NASDAQ, marking a key milestone for… Read More
Remitly will be valued at nearly $7 billion when it goes public on Thursday. The Seattle company priced shares at $43 on Wednesday evening, above its expected range of $38-to-$42,… Read More
In 2011, the world was still recovering from the financial crisis a couple of years earlier. The startup economy wasn’t in full swing yet. SaaS, pre-seed, or even mobile-first weren’t… Read More
Jason Stoffer was still early in his career at venture capital firm Maveron in 2012 when he declined an opportunity to invest in Remitly, then a fledgling Seattle startup with… Read More
Remitly set terms for its IPO on Tuesday. The fintech company expects to raise $284.6 million, or $332.6 million if underwriters purchase additional shares. It will be one of the… Read More
Seattle-based money remittance company Remitly disclosed key financial results on Monday afternoon in its Form S-1 registration statement, a key milestone toward becoming a publicly traded company. Remitly generated $257… Read More
— DefinedCrowd founder and CEO Daniela Braga and Allen Institute for AI CEO Oren Etzioni are part of the newly formed National Artificial Intelligence Research Resource Task Force. The task… Read More
Remitly is going public. The mobile remittance company said Wednesday it confidentially submitted a draft registration statement with the SEC for its proposed IPO. Reuters reported last month that Remitly… Read More
As people around the country observe the anniversary of the murder of George Floyd, companies that pledged to do more to support diversity, equity and inclusion in the wake of… Read More
— Icertis hired longtime SAP executive Gretchen Eischen as its new chief marketing officer. She was most recently global vice president and head of marketing for SAP’s procurement solutions and… Read More
The news: Seattle mobile remittance company Remitly has acquired intellectual property from Jargon, a Seattle startup that developed an enterprise platform for chat and voice services. Jargon co-founders Milkana Brace… Read More
The news: Seattle startup Remitly has hired investment banks to prepare for an initial public offering, according to Reuters. The IPO would value Remitly at around $5 billion, Reuters reported —… Read More
After a year in which the definition of “workplace” became especially fluid, our understanding of what makes for a great place to work shifted as radically as the physical spaces… Read More
Here’s what we’re talking about on the GeekWire Podcast this week: Seattle’s tech community just reached a new milestone: 10 unicorns, privately held companies valued at more than $1 billion.… Read More
The unicorn — that supposed elusive creature of the startup world — is becoming a bit more commonplace in these parts. There are now 10 unicorn startups valued at $1… Read More
— Margaret Arakawa has left her role as chief marketing officer at sales automation startup Outreach. Arakawa spent nearly 20 years at Microsoft before joining Outreach in July 2019. In… Read More
The leading privately-held companies across the Pacific Northwest are raising giant swaths of cash and increasing their valuations despite the ongoing economic crisis. See the full GeekWire 200 ranking of… Read More
The unicorns are sprouting up in Seattle. The latest newly-minted billion-dollar startup in the Emerald City is digital remittance platform Remitly, which just announced an $85 million funding round that… Read More
— Zillow Group co-founder and former CEO Spencer Rascoff joined the board of Palantir Technologies, a big data company backed by PayPal co-founder Peter Thiel. The notoriously secretive Silicon Valley… Read More
Fasten your seatbelts, it’s going to be a bumpy ride. That’s how the National Venture Capital Association kicks off a new report detailing how the coronavirus will impact startups in… Read More
Many tech startups are laying off employees and facing steep revenue declines due to the COVID-19 crisis. That’s not the case for Remitly, a Seattle company that helps people send… Read More