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
'They proved me wrong.' Investor who passed on Seattle startup analyzes its IPO
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 ambitions to challenge Western Union by bringing a tech mindset to the business of international money transfers. He was impressed by Remitly co-founders Matt Oppenheimer and Josh Hug but knew they faced a huge challenge in getting the state-by-state regulatory approval required to make monetary remittances to what was then their initial international market, the Philippines. "It felt like the end vision was powerful — if they can get there,"…
Startup secrets; Windows 11 launch; In defense of the Blue Yeti
A global pandemic might seem like the wrong time to pursue a new startup idea, given all the uncertainties, but in many ways, the timing couldn't be better. That's one of the insights from our GeekWire Podcast conversation this week with Seattle-area entrepreneur and investor Shirish Nadkarni, author of the book From Startup to Exit: An Insider’s Guide to Launching and Scaling your Tech Business. The changes in user behavior and tech platform shifts caused by the pandemic dovetail with one of the lessons Nadkarni is hoping to get across to entrepreneurs. "Look for opportunities where there is either some…
Madrona's Steve Singh on 6 tech trends to watch post-COVID
The 2021 virtual GeekWire Awards were held this week, recognizing the top companies, innovators, entrepreneurs and technologies in the Pacific Northwest, as nominated and chosen by the GeekWire community — along with celebrity cameos. On this special episode of the GeekWire Podcast, we’re featuring highlights from a behind-the-scenes conversation with former Docker and Concur CEO Steve Singh, managing director of Madrona Venture Group, which was hosted for finalists in advance of the awards by GeekWire co-founder John Cook. See omnystudio.com/listener for privacy information.
Stalking Seattle's unicorns
Seattle's tech community just reached a new milestone: 10 unicorns, privately held companies valued at more than $1 billion. Their characteristics say a lot about the direction and state of the tech industry in the region, both positive and negative. Read more: Seattle area boasts 10 fast-growing unicorns: Can you name the billion-dollar startups? Joining us as a guest commentator this week: Heather Redman, co-founder and managing partner of Flying Fish Partners, a Seattle-based venture capital firm that focuses its investments on machine learning and artificial intelligence. Also up for discussion: the challenges of running a big tech hub like…
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.
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…
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…
People
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Katie Drucker Executive, VP, GM High Value Senders
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Sebastian Gunningham Executive, CEO
