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Remitly

Tech Moves: Remitly CMO departs; Temporal names EVP; Veeam and Qualtrics leadership changes

Rina Hahn leaves role as Remitly’s CMO; Temporal promotes Preeti Somal to EVP amid reorganization; and Veeam and Qualtrics make leadership changes. Read More

Tech Moves: Microsoft names exec; Remitly CPO/CTO departs; AWS veteran to head Synthesia in Seattle

Microsoft names chief digital safety officer; Remitly’s chief product and technology officer departs; and an AWS leader joins Synthesia to oversee its new Seattle office. Read More

Tech Moves: More changes at Xbox; Remitly taps new accounting chief; Atlassian CTO steps down

Another Xbox leader departs; Remitly names a new accounting leader; and more key personnel changes. Read More

Tech Moves: HP director departs; AWS leader leaves; Truveta adds new leaders

— Elizabeth Scallon, a longtime leader in Seattle’s startup ecosystem, has left HP after serving for nearly four years as… Read More

From a mall booth to a $3B fintech: Matt Oppenheimer’s startup lessons from a 15-year journey with Remitly

We spoke with the longtime Remitly leader who helped grow a three-person Techstars Seattle startup into one of the world’s leading remittance platforms. Read More

Remitly CEO Matt Oppenheimer steps down, hands reins of fintech company to former Amazon exec

Veteran tech and finance executive Sebastian Gunningham will replace Oppenheimer as CEO of the Seattle-based company. Read More

Remitly co-founder ready to build next ‘big company’ — helping leverage AI in sports and live events

Shivaas Gulati has been learning the intricacies of operating a sports venture as part of the ownership group for an English soccer team and as a technical advisor to Seattle Sounders FC. Read More

Can Seattle own the AI era? We asked 20 investors and founders to weigh the city’s startup potential

Throw a dart at the GeekWire 200 and you’ll hit a fast-growing AI company. Stop by a Seattle Tech Week… Read More

Podcast

GeekWire Podcast: Microsoft, Remitly, and the new shape of work — plus, Amazon’s NYT AI deal

This week on the GeekWire Podcast, we discuss Amazon’s new licensing agreement with The New York Times to train its… Read More

A world away in the heart of Seattle: Remitly’s new HQ provides more room to collaborate — and grow

It was only a three-block move across downtown Seattle, but it feels like a world away. Remitly, the digital remittance… Read More

Tech Moves: Google VP joins Tenable; Semperis hires Microsoft vet; DexCare names CEO; and more

— Longtime Microsoft leader Eric Doerr is now chief product officer for Tenable, a Maryland-based cybersecurity company. Doerr most recently… Read More

Tech Moves: Longtime Google leader Umesh Shankar joins Microsoft as new corporate VP

After nearly 19 years at Google, Umesh Shankar has joined Microsoft AI as a corporate vice president of engineering. Shankar,… Read More

Tech Moves: Washington senator with Microsoft roots to lead Commerce Dept.; Remitly VP retiring

State Sen. Joe Nguyễn will become the next director of the Washington state Department of Commerce. Commerce manages economic and… Read More

No harsh mandates: Tech leaders on what’s working with their hybrid return-to-office policies

Return-to-office policies are often controversial and emotionally charged — but do they have to be? Two tech leaders recently shared… Read More

Remitly stock spikes 19% after first profitable quarter; revenue up 39%

Shares of Remitly surged in after-hours trading as the Seattle-based digital remittance company reported its first profitable quarter.

Seattle digital remittance company Remitly opening new office in Vancouver, B.C., area

Seattle-based digital remittance company Remitly is expanding its office-space footprint to the Greater Vancouver, B.C., area, the company announced Tuesday.… Read More

Digital remittance company Remitly inks lease for new downtown Seattle office at Rainier Square

Remitly is moving into a new headquarters office in downtown Seattle. The digital remittance company confirmed to GeekWire that it… Read More

Remitly revenue up 44% to $944M in 2023, with more growth expected this year

Remitly’s business is on a roll. The Seattle-based digital remittance company reported its full-year results Wednesday for 2023. Total revenue… Read More

Tech Moves: Remitly exec to step down; Yoky Matsuoka named CEO of new Panasonic division

— Kim Vu, vice president of environmental social governance at Seattle digital remittance giant Remitly, will step down from her… Read More

Tech Moves: Halo leader departing; Remitly adds board directors; drone vet lands at Rantizo

— Seattle-based fintech company Remitly added two new board members: Ryno Blignaut and Phyllis Campbell. Blignaut is an investor with Silicon… Read More

Collaboration — and couches: Remitly rethinks its downtown Seattle office for a new era of work

On the 24th floor of a downtown Seattle skyscraper, Remitly is feeling out the so-called future of work. And they’re… Read More

Remitly paying $80M to acquire Rewire, another digital remittance platform

Seattle-based digital remittance giant Remitly announced Tuesday it plans to acquire Rewire, an Israel-based company founded in 2015 that also… Read More

Jonathan Burstein, 1976-2022: Engineer, investor and entrepreneur was a natural problem-solver

Jonathan Burstein, who co-founded voice technology startup Jargon and made a lasting impact at Seattle-area tech companies including Microsoft, Amazon,… Read More

Remitly reports $458M in 2021 revenue, up 78%, as remittance company suspends service in Russia

Shares of Remitly rose 9% in after-hours trading Wednesday following the release of the company’s fourth quarter earnings report. The… Read More

Coinbase partners with remittance company Remitly to let people in Mexico cash out crypto

Crypto giant Coinbase launched a free pilot program Tuesday to let customers in Mexico cash out digital currencies. It’s made… Read More

Remitly revenue climbs 69% to $121M in first earnings report as public company

Seattle-based financial services company Remitly issued its first earnings report since its initial public offering, reporting revenue of $121.2 million… Read More

‘Fall in love with a problem’: Remitly CEO reflects on startup journey as remittance company goes public

It’s been a heck of a startup journey for Remitly. The latest chapter begins Thursday when the mobile remittance company… Read More

Remitly prices IPO at $43/share; Seattle fintech giant valued at nearly $7B

Remitly will be valued at nearly $7 billion when it goes public on Thursday. The Seattle company priced shares at… Read More

The most successful accelerator cohort ever: How this Techstars Seattle class produced 3 unicorns

In 2011, the world was still recovering from the financial crisis a couple of years earlier. The startup economy wasn’t… Read More

Podcast

‘They proved me wrong.’ Investor who passed on Seattle startup Remitly analyzes its upcoming IPO

Jason Stoffer was still early in his career at venture capital firm Maveron in 2012 when he declined an opportunity… Read More

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