Remitly Global, Inc.
Explore Remitly Global
Core profile pages, annual revenue records, and related research hubs for this company.
Remitly Global, Inc.
Explore Remitly Global
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 2011 in Seattle, Washington
Remitly began after Matthew Oppenheimer saw how painful cross-border money movement could be while living and working abroad. Josh Hug and Shivaas Gulati joined as co-founders.
Co-founder, former CEO, and current Chairman of Remitly.
Co-founder and former operating/product leader.
Co-founder and engineering leader in Remitly's origin story.
Matthew Oppenheimer founded the company that became Remitly after seeing the pain of cross-border money movement while working abroad; Josh Hug and Shivaas Gulati joined as co-founders.
The company sharpened its focus on digital remittances and adopted the Remitly name.
Early remittance service to the Philippines helped Remitly test a digital-first alternative to agent-led money transfer.
Remitly became a public company under ticker RELY, giving it capital and visibility for corridor expansion.
Remitly completed its acquisition of Israeli migrant-finance platform Rewire, adding complementary geographies and account-based remittance capabilities.
FY2025 revenue reached about $1.6 billion, send volume reached $74.9 billion, and net income was about $67.9 million.
Remitly appointed Sebastian J. Gunningham CEO effective February 19, 2026; co-founder Matt Oppenheimer continued as Chairman.
Add an Israeli migrant-finance platform with complementary geographies and account-based remittance capabilities.
Remitly traces its origins to 2011.
Remitly was founded by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati.
The 2025 move into full-year GAAP profitability showed operating leverage in a business that had spent years optimizing growth and trust.
This page covers Remitly's founding, major deals, leadership changes, and recent financial milestones.