Remitly

Built in Seattle with Adam Schoenfeld Featured May 21, 2020

Matt Oppenheimer (Remitly CEO) on finding things that piss you off, willful ignorance, taking the road less traveled, and COVID-19

1,000+ employees, over $300M in funding, nearly $1B valuation, just 9 years in... Remitly's numbers impress. But I love the story even more. Go behind the scenes with Matt Oppenheimer on the path from business school to Kenya to Seattle, his learnings building Remitly, and how he's leading during COVID-19.

42 min

Taylor Soper / GeekWire May 7, 2020

Docugami doubles to 20 after $10M funding and keeps hiring amid widespread tech layoffs

Docugami, a Kirkland, Washington document-engineering startup, doubled its staff to 20 after a $10 million funding round in early February and continues hiring despite widespread tech layoffs. CEO Jean Paoli and new head of operations Hartley Riedner have onboarded remotely, reflecting a flipped labor market where some startups can recruit while larger firms cut jobs.

John Cook / GeekWire Apr 28, 2020

NVCA warns COVID-19 will slash venture capital and trigger widespread startup layoffs, after 30,000 cuts reported

The National Venture Capital Association warns that COVID-19 will cause a significant drop in venture capital investment, triggering more startup layoffs and a tougher fundraising environment; reports estimate 30,000 layoffs already and predict widespread workforce cuts over the next year. Impact varies by industry, with travel-related startups cutting large shares of staff while some well-funded companies fare better.

Taylor Soper / GeekWire Apr 21, 2020

Techstars Seattle’s 2020 cohort shifts programming online, prepares for virtual Demo Day May 6 as startups pivot amid COVID-19

Techstars Seattle's 11th accelerator cohort of 10 startups began in February and has adapted to COVID-19 by moving in-person programming online, pivoting business models, and accelerating product development where needed ahead of a virtual Demo Day on May 6, 2020.

Taylor Soper / GeekWire Apr 14, 2020

Remitly reports 100% customer growth and 40% transaction-volume increase from Feb–Mar as COVID-19 drives digital remittances

Seattle remittance startup Remitly experienced rapid growth during the COVID-19 pandemic, with customer numbers up 100% and transaction volume up 40% from February to March, as users shifted to digital transfers while physical providers closed. CEO Matt Oppenheimer said the crisis accelerated the company’s mission to provide safe, mobile cross-border payments for immigrants supporting families abroad.

Taylor Soper / GeekWire Mar 27, 2020

GeekWire 200 CEOs and execs from Accolade, PayScale, DreamBox, Auth0, Moz and others share COVID-19 leadership advice

GeekWire interviewed leaders from top Pacific Northwest startups on the GeekWire 200 about how they’re responding to the COVID-19 crisis, sharing actions taken, leadership principles, and cautious optimism. The piece presents company-by-company perspectives from executives at firms such as Accolade, PayScale, DreamBox Learning, Auth0, Moz, Act-On, Remitly, Puppet, DefinedCrowd, and Icertis.

GeekWire Podcast Jul 13, 2019

Secret Startup Ingredient: Microsoft

Would you have guessed that nearly 25 percent of the Seattle region's top tech startups are led by CEOs with backgrounds at Microsoft? That was the surprising result of our analysis of the GeekWire 200, our index of the top privately held tech companies in the Pacific Northwest. And fundings for the region's startups bucked the national trend, as reflected in data from our new startup deal tracker. Nintendo unveiled a new iteration of its Switch game console; former Microsoft CEO Steve Ballmer pulled off what might be his greatest deal ever; and an Amazon employee showed the potential of…

25 min

What Fuels You Podcast Featured May 7, 2019

Matt Oppenheimer

The consistent theme in Matt Oppenheimer’s life has been people and relationships. When asked what he was ‘into’ in high school, he shares how he started a non-profit called the Youth Lobbying Organization to give people under the age of 18 a voice in the political process. Matt went on to attend Dartmouth and Harvard Business School. During his time working in banking, he lived in London and in Kenya and realized how important remittances are for giving people in developing countries more opportunity. As a result, Matt started Remitly in 2011, which is now the largest private digital remittance…

37 min

Chris DeVore / founderscoop.com Apr 15, 2019

Founders’ Co-op marks 10 years after launching in 2008 with $2.7M, raised $7.7M fund and brought Techstars to Seattle

Founders’ Co-op reflects on its first decade after launching in early 2008 with a $2.7M seed fund, helping regional startups through investments and by bringing Techstars to Seattle in 2010 while raising a second $7.7M fund.

Ingrid Lunden / TechCrunch Oct 31, 2017

Remitly Raises $115M Led by Naspers’ PayU to Expand Digital Remittance Services, Hits $4B Annual Send Volume

Remitly is raising $115 million in a Series D round led by Naspers' PayU to expand its digital remittance services amid significant growth, increasing its annual send volume to nearly $4 billion. The company has expanded into seven new South American markets and the UK to better compete with traditional remittance providers.

Roger Aitken / Forbes Jan 14, 2017

Remitly Expands to Massachusetts, Offering Nationwide Digital Remittance Services Transferring $1.5 Billion Annually

Remitly, the largest independent digital remittance company in the U.S., now serves all 50 states after gaining approval to operate in Massachusetts, transferring over $1.5 billion annually via a user-friendly mobile app with low fees. This expansion enables residents, including many foreign-born individuals in Massachusetts, to send money abroad more easily and transparently.