Remitly
Facts
- HQ
- Seattle, Washington, USA
- Sectors
- Financial Services
- Founded
- 2011
- Type
- Corporation Seattle business license
- Employees
- 3415
- Registered name
- Remitly Inc Seattle business license
- Stage
- Public
- Total raised
- $80M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $80M · Nov 2017 SEC Form D
- Founders
- Matt Oppenheimer, Josh Hug, Shivaas Gulati
Remitly co-founder Matt Oppenheimer inducted into Dartmouth Entrepreneur Hall of Fame after stepping down as CEO
Remitly co-founder and chairman Matt Oppenheimer was inducted into Dartmouth College’s Entrepreneur Hall of Fame after stepping down as CEO seven months earlier, honored for making lasting positive impacts through his ventures. He credited Dartmouth’s social psychology teachings for shaping his people-focused approach to business and thanked admissions officers who gave him a chance despite “OK grades.”
Arkero signs Bolton Wanderers for three-month AI project to build club intelligence layer after $6M funding
Seattle startup Arkero, founded last fall and backed by $6 million in funding, signed Bolton Wanderers FC to a three-month project to rebuild the club’s data infrastructure and create a custom AI-powered “club intelligence layer” to centralize data and workflows. Arkero already serves several U.S. and U.K. clubs, and CEO Shivaas Gulati emphasizes that AI transformation starts with organizing a club’s data, systems, knowledge and workflows.
Former Amazon VP Hannah McClellan Richards named Lime COO; MicroVision appoints CFO Christine Chambers; Slalom hires Dan Garrison as chief AI officer
Hannah McClellan Richards left Amazon after 15+ years to become COO of micromobility company Lime, serving remotely; MicroVision named Christine Chambers CFO effective Aug. 27 after recent layoffs, and Slalom hired Dan Garrison as chief AI officer, while other executives moved between firms. The article highlights several C-suite and leadership changes across tech and consulting companies, including Microsoft departures to Crusoe and Gartner.
Remitly launches Remitly Global Card — Visa debit account with preferred FX, USD/USDC balances, instant P2P and 0% APR line
Remitly launched the Remitly Global Card, a Visa debit card and linked account that lets cross-border customers get paid, spend, save, and send money across countries with direct deposits, fee-free local spending, and global ATM access. The card, issued via Lead Bank with a Stripe wallet and funds held at Fifth Third Bank, includes preferred FX rates, support for USD or USDC balances, instant P2P transfers between Remitly cards, and a US 0% APR open-end line of credit for eligible users.
Seattle Tech Week Kickoff Spotlights Founders Building an AI WhatsApp Agent for Seattle Orcas Logistics and Other Startup Tools
At the Seattle Tech Week kickoff, founders and leaders described diverse projects including an AI agent that manages a professional cricket team's logistics via WhatsApp, and other startups building B2B tools and voice AI for bar inventory. The event drew over 29,000 registrations and included panels showcasing regional entrepreneurs and investors.
Dopl Technologies raises $6.3M to commercialize remotely operated robotic ultrasound platform while pursuing FDA clearance
Seattle-area startup Dopl Technologies raised $6.3 million to advance a remotely operated robotic ultrasound system as it pursues FDA clearance, aiming to expand access to ultrasound exams in rural and underserved communities.
Remitly hires Jeff Lyon as CISO; Joseph Williams named WWU director of Cybersecurity Programs; Yoodli promotes Kartik Murthy to VP of Product
Remitly appointed Jeff Lyon as chief information security officer following leadership departures, while Joseph Williams was named director of Cybersecurity Programs at Western Washington University and Yoodli hired Kartik Murthy as vice president of product.
Curinos Names 2026 FinTech Incubator Cohort, Adds Mentorship and Technical Partnerships
Curinos announced its 2026 FinTech Incubator cohort, selecting four early-stage startups focused on AI-driven knowledge, embedded lending, community savings, and personalized financial guidance. The program also expanded its mentorship team and technical partnerships to support these innovative startups.
Temporal, $5 Billion Bellevue Startup, Named Crystal Palace Front-of-Shirt Sponsor for 2026/27 EPL Season
Temporal, a Bellevue-based developer tools startup valued at $5 billion, will be the front-of-shirt sponsor for Crystal Palace Football Club starting in the 2026/27 English Premier League season. This sponsorship deal aligns with the Premier League's new ban on gambling company logos on shirts, opening opportunities for new sponsors like Temporal.
Matt Oppenheimer Steps Down as CEO of $7B Remitly After 15 Years, Moves to Chairman Role
Matt Oppenheimer led Remitly for nearly 15 years, growing it from a three-person startup to a $7 billion public fintech company with over 9 million users, before transitioning to chairman. Remitly reported $442.2 million revenue in Q4 with its first profitable year in 2025 under new CEO Sebastian Gunningham.
Arkero Raises $6M to Use AI in Managing Operations for Pro Soccer Teams, Led by Remitly Co-Founder Shivaas Gulati
Arkero, a Seattle startup founded by Remitly veterans including CEO Shivaas Gulati, raised $6 million in pre-seed funding to use AI for improving sports teams' business operations. The platform integrates with existing tools to help pro soccer clubs like Seattle Sounders FC and San Diego FC optimize matchday planning and season ticket renewals.
Seattle Fintech Startup Upward Raises $8M, Partners with Mastercard to Expand Financial Product Offerings
Seattle fintech startup Upward, founded by former Remitly executives, raised $8 million and partnered with Mastercard to simplify the launch of financial products. The company targets underserved segments like independent workers and small businesses, processing over $10 million monthly and offering integrated payments, cards, and banking infrastructure.
Founders' Co-op raises $50M to back ~30 Pacific Northwest early-stage tech startups with up to $1.5M each
Seattle venture capital firm Founders' Co-op raised a $50 million fund to invest up to $1.5 million each in about 30 early-stage Pacific Northwest tech startups, with a focus on enterprise software. The firm aims to shore up local founders amid uneven regional investment compared with San Francisco while local startup funding showed volatility in 2025.
Seattle's Founders' Co-op Raises $50M Sixth Fund to Back Early-Stage Pacific Northwest Tech Startups
Seattle venture firm Founders' Co-op has raised a $50 million sixth fund, focusing on early-stage Pacific Northwest tech startups with initial investments of $1 million to $1.5 million. Founded in 2008, the firm has backed billion-dollar companies like Remitly, Outreach, and Auth0 and aims to invest in about 30 new companies without targeting specific verticals.
Founders’ Co-op announces $50M Fund VI to continue first-check investments in regional technical founders
Founders’ Co-op announced a new $50 million venture fund, Founders’ Co-op VI, managed by the same two partners, focused on early first-check investments in ambitious technical founders within their regional talent network rather than positioning as an AI-specific or larger fund.
Remitly Co-founder Shivaas Gulati Launches Arkero AI to Leverage Artificial Intelligence in Sports and Live Events in Seattle
Shivaas Gulati, co-founder of Remitly, is launching Arkero AI in Seattle to help sports and live event organizations leverage artificial intelligence. Drawing from his experience with Southend United and Seattle Sounders FC, he aims to create business value with AI in these industries.
Remitly Unveils New Seattle HQ at Rainier Square to Support Growth and Global Collaboration
Remitly opened its new headquarters at Seattle's Rainier Square, designed to reflect global cultures and foster collaboration as the digital remittance company plans for continued growth. The HQ spans three floors with plans to expand further, supporting over 500 Seattle employees and a hybrid work model.
GeekWire Week in Review: Bill Gates Pledges $200B, Statsig Hits $1.1B Valuation, Seattle Startups Raise Millions in May 2025
This GeekWire Week in Review highlights top tech stories including Bill Gates' $200 billion philanthropy pledge, Seattle startups raising significant capital, and the emergence of new AI-driven unicorn Statsig valued at $1.1 billion. It also covers local news like a controversial Washington EV tax and cultural moments involving Seattle figures.
Stepchange Raises $7M for Climate-Focused Venture Fund Targeting Software Startups in Transportation, Energy, and Resilience
Seattle-based venture firm Stepchange raised $7 million for its inaugural fund to invest in climate-focused startups targeting sectors like transportation, energy, and resilience with asset-light, cost-competitive software solutions. Founded by Anay Shah and Ben Eidelson, the fund has already backed 13 startups and plans 30 investments, supported by over 100 investors including Bain Capital Ventures and tech leaders from major companies.
Seattle VC Firm Founders’ Co-op Raises Nearly $23M for New Fund, Following $50M Fifth Fund in 2021
Seattle venture capital firm Founders’ Co-op is raising a new fund with nearly $23 million secured according to SEC filings. The firm, led by Chris DeVore and Aviel Ginzburg, previously raised $50 million in 2021 and invests in early-stage startups in the Pacific Northwest.
Seattle Startups Mvue, Saturday, Pansophy, and Privacy License Innovate in Fintech, Wellness, AI Knowledge, and Privacy
Four Seattle startups—Mvue, Saturday, Pansophy, and Privacy License—are innovating in fintech, endurance athlete wellness, AI-powered knowledge management, and privacy. Led by experienced founders from companies like Microsoft and Amazon, these companies use AI and personalized tech to solve industry-specific challenges.
Washington State Sen. Joe Nguyễn, ex-Microsoft veteran, appointed head of Commerce; Remitly EVP Rene Yoakum retiring
Washington State Senator Joe Nguyễn, a former Microsoft employee and 2024 Public Policy Champion for Innovation, will become director of the Washington Department of Commerce, succeeding Mike Fong. Additionally, Remitly's EVP Rene Yoakum is retiring after over six years, transitioning to a consulting role through 2026.
Seattle Startup Tribute Shuts Down After Eight Years Despite Enterprise Interest and Funding Challenges
Seattle startup Tribute, founded by Sarah Haggard, is shutting down after eight years despite having enterprise interest and existing customers, due to unmaterialized deals and funding challenges. The platform evolved from a mentor-matching app to a workplace knowledge tool but ultimately could not sustain financially.
Aviel Ginzburg and Team Launch Foundations to Foster Seattle’s Startup Community with In-Person Support Network
Foundations, a new startup community group led by Aviel Ginzburg and others in Seattle, aims to create a supportive 'serendipity factory' for early-stage founders by fostering in-person connections among entrepreneurs, mentors, and investors. The group hosted a launch party in Seattle's Capitol Hill neighborhood to build a vibrant local tech startup ecosystem.
Symbl Names Former GE Healthcare CTO Selvan Senthivel as CTO; Nautilus Biotechnology Hires Ken Suzuki as CMO
Symbl, a Seattle-based generative AI startup, appointed Selvan Senthivel, former GE HealthCare CTO, as its new CTO, while Nautilus Biotechnology named Ken Suzuki as its CMO. Additionally, William Canestaro stepped down from the Washington Research Foundation, and Milkana Brace joined the Technology Alliance board.
People
-
Katie Drucker Executive, VP, GM High Value Senders
-
Sebastian Gunningham Executive, CEO
