Global remittance startup Remitly has a history of helping send money across borders. Now Remitly itself is crossing the border – just a few miles north of its Seattle headquarters. The company announced a successful Series C raise of $38.5 million today, which will help the company set up aRead More
Post Tagged with: "Remitly"
SEATTLE — The Silicon Valley model for its startups is well-known. Heck, there’s a Wikipedia for it. It centers on a simple principle: build a business that scales, no matter the initial profitability. And then scale it like mad. Or, in technical terms, build a business that has the potentialRead More
Matt Oppenheimer, co-founder and CEO of Remitly, one of the most successful remittance startups in the U.S., has joined the Bank Innovation 2016 speaker faculty. Remitly is based in Seattle, where the conference will take place. “Successful” is actually a bit of an understatement when it comes to Remitly. In a competitive market that has seen several remittance ventures fail, Remitly has thrived, and is on pace to reach $1 billion in annual transferred funds.
P2P player Remitly is doing its best to help out those affected by the superstorm that hit the Philippines last week. The news coming out of the Philippines in the wake of the disaster is horrific. One of the strongest storms ever recorded, Typhoon Haiyan, known as Typhoon Yolanda in theRead More
Day 2 of LaunchPad360, Money2020’s Finovate-like event-within-the-event featuring startups and new fintech ventures, showcased six more companies Wednesday. Matt Harris of Bain Capital Ventures again MCed, and even did a bit of standup that was lost on the sober and serious audience hungry only for innovation. Read about the firstRead More