Remitly

The Remitly website says the company was founded in 2011. According to GeekWire, its co-founders are Matt Oppenheimer, Josh Hug and Shivaas Gulati; Oppenheimer had noticed how hard it was for families to send and receive money across borders while working for Barclays in Kenya. The company was originally called Beamit Mobile and first planned a search engine for remittance services before switching to building its own remittance service; it took part in the 2011 Techstars Seattle program.⁠[1][2]

In August 2012, GeekWire reported that Beamit Mobile had changed its name to Remitly; at the time the company was developing technology to let customers transfer money from the United States to the Philippines, with Matt Oppenheimer as chief executive.⁠[3]

On September 22, 2021, Remitly Global, Inc. announced the pricing of its initial public offering of 12,162,777 shares of common stock at $43 per share; the shares began trading on the Nasdaq Global Select Market on September 23 under the ticker RELY, with Goldman SachsGoldman SachsGoldman Sachs is an American financial services group headquartered in New York whose businesses include investment banking, securities trading, asset management, and wealth management. It traces its origins to the commercial paper business Marcus Goldman founded in 1869; it listed on the New York Stock Exchange in 1999 under the ticker GS and became a bank holding company in 2008. David Solomon serves as chairman and chief executive officer.Open the full entry and J.P. Morgan as lead book-running managers.⁠[4]

According to GeekWire, the stock opened at $53 on its first trading day and closed at $48.45.⁠[2]

Remitly reported full-year 2025 revenue of about $1.6 billion, up 29%, and send volume of $74.9 billion, up 37%; active customers in the fourth quarter of 2025 numbered 9.3 million.⁠[5]

Remitly announced on February 18 that Sebastian J. Gunningham would become chief executive officer and join the board effective February 19, 2026; co-founder Matt Oppenheimer stepped down as CEO after nearly 15 years and continues as chairman of the board. The announcement says Gunningham was previously chairman of Santander Consumer Finance and vice chairman of Openbank, had been vice chair and co-CEO of WeWorkWeWorkWeWork is a flexible workspace company founded in New York in 2010 by Adam Neumann and Miguel McKelvey. It provides private offices, coworking space, meeting rooms and enterprise workplace services. After withdrawing its IPO plan in 2019, it went public through a BowX merger in 2021, entered Chapter 11 in 2023 and emerged from restructuring in June 2024, continuing as a private company.Open the full entry, and had served as a senior vice president at Amazon.⁠[6]

Remitly introduced the Remitly Global Card for people whose lives span borders, letting cardmembers get paid, spend, save, send money home and borrow from one account; the company said it would initially be available in the United States and select international markets.⁠[7]

Remitly describes itself as a regulated cross-border payments company serving more than 175 countries, with its registered address in Seattle. In the second quarter of 2026 it had 10.2 million active customers, send volume of $23.5 billion and revenue of $495.2 million.⁠[1][8]

Remitly: Official website: https://www.remitly.com/ (opens in a new window)⁠[1]

Remitly Investor Relations: Official website: https://ir.remitly.com/ (opens in a new window)⁠[4]

X: Official account: https://x.com/remitly (opens in a new window)⁠[1]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Official account: https://www.linkedin.com/company/remitly (opens in a new window)⁠[1]

YouTubeYouTubeYouTube is Google’s video-sharing and creator platform, founded in 2005 by Steve Chen, Chad Hurley, and Jawed Karim and acquired by Google in 2006. Built around video uploading, viewing, and creator earnings, the platform has developed Shorts, YouTube Music, Premium, YouTube TV, and products for children, and is headquartered in San Bruno, California, United States.Open the full entry: Official account: https://www.youtube.com/@remitly (opens in a new window)⁠[1]