Jupiter Money vs Remitly: Founders, CEOs and History
Jupiter Money was founded in 2019 by Jitendra Gupta, Vishnu Jerome and is led by Jitendra Gupta. Remitly was founded in 2011 by Matthew Oppenheimer, Josh Hug, Shivaas Gulati and is led by Sebastian J. Gunningham.
Company facts
Jupiter Money
- Founded
- 2019
- Headquarters
- Bengaluru, Karnataka, India (registered office: Mumbai)
- Current CEO
- Jitendra Gupta
- Employees
- 450
Remitly
- Founded
- 2011
- Headquarters
- Seattle, Washington
- Current CEO
- Sebastian J. Gunningham
- Employees
- 3,600
Founders
Jupiter Money
Jitendra Gupta
Jitendra Gupta is the founder and CEO of Jupiter. A chartered accountant, he founded Citrus Pay in 2011, sold it to PayU in 2016 for about $130 million, and ran PayU India before starting Jupiter in 2019. Jitendra Gupta was born in 1981.
Vishnu Jerome
Vishnu Jerome co-founded Jupiter Money in 2019 alongside Jitendra Gupta. As a highly experienced legal architect (he founded the law firm Jerome Merchant + Partners), he played an absolutely critical role in navigating the incredibly complex, highly restrictiv…
Remitly
Matthew Oppenheimer
Matthew Oppenheimer co-founded Remitly in 2011 and was its CEO for nearly 15 years, taking it through a 2021 Nasdaq IPO and its first full year of GAAP profit in 2025. He handed the CEO role to Sebastian Gunningham on February 19, 2026 and became chairman.
Josh Hug
Josh Hug co-founded Remitly with Matthew Oppenheimer and Shivaas Gulati in 2011 and held senior operating roles as the company scaled, bringing startup experience from Shelfari. (Exact birth year remains publicly undisclosed).
Shivaas Gulati
Shivaas Gulati co-founded Remitly in 2011 alongside Matthew Oppenheimer and Josh Hug and worked on the early product and engineering of the remittance platform. (Exact birth year remains publicly undisclosed).
CEOs and their tenures
Jupiter Money
- Jitendra Gupta2019–present
Founder & CEO
A chartered accountant and seasoned fintech pioneer who previously founded Citrus Pay (sold to Naspers for $130M) and led PayU India, Gupta has been a prominent architect of India's neobanking sector.
Source
Remitly
- Matt Oppenheimer2011–2026
Co-founder and Chief Executive Officer
Led Remitly for nearly 15 years; became chairman when Sebastian Gunningham took over on February 19, 2026.
Source - Vikas Mehta2025–present
Chief Financial Officer
Leads financial planning, accounting, tax, investor relations and treasury; joined as CFO in 2025.
Source - Sebastian J. Gunningham2026–present
Chief Executive Officer
Gunningham took over a company coming off its first GAAP-profitable year and in Q2 2026 reported record revenue, adjusted EBITDA and net income while active customers passed 10 million.
Source
Timeline: Jupiter Money and Remitly side by side
2011Remitly
Remitly is founded as BeamIt Mobile
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.
2012Remitly
BeamIt becomes Remitly
The company sharpened its focus on digital remittances and adopted the Remitly name.
2013Remitly
Philippines corridor validates the model
Early remittance service to the Philippines helped Remitly test a digital-first alternative to agent-led money transfer.
2019Jupiter Money
Jitendra Gupta and Vishnu Jerome start Jupiter; $24M seed round at about a $70M valuation.
2021Jupiter Money
Jupiter app launches with Federal Bank; acquires savings app Easyplan; $45M Series B co-led by Nubank.
2021Jupiter Money
December: $86M Series C led by Tiger Global and QED at about a $710M valuation.
2021Remitly
Remitly goes public on Nasdaq
Remitly became a public company under ticker RELY, giving it capital and visibility for corridor expansion.
2022Jupiter Money
Acquires HR-tech startup sumHR to support salary accounts (disclosed February 2023).
2023Remitly
Rewire acquisition closes
Remitly completed its acquisition of Israeli migrant-finance platform Rewire, adding complementary geographies and account-based remittance capabilities.
2024Jupiter Money
FY24 consolidated operating revenue reaches ~$5.94 million (₹51.2 crore); loss narrows 23% to ~$27.1 million (₹233.6 crore).
2025Jupiter Money
October: raises about $15M from Mirae Asset, BeeNext, 3one4 Capital and Gupta at a flat ~$600M valuation.
2025Remitly
Remitly reports first full year of GAAP profitability
FY2025 revenue reached about $1.6 billion, send volume reached $74.9 billion, and net income was about $67.9 million.
2026Jupiter Money
Talks to buy a minority stake in SBM Bank India collapse; Jupiter focuses on reaching breakeven.
2026Remitly
Sebastian J. Gunningham becomes CEO
Remitly appointed Sebastian J. Gunningham CEO effective February 19, 2026; co-founder Matt Oppenheimer continued as Chairman.
2026Remitly
Active customers pass 10 million
Q2 2026 revenue rose 20% to $495.2 million, send volume rose 27% to $23.5 billion and quarterly active customers reached 10.2 million.
Acquisitions
Jupiter Money
- sumHR2022Undisclosed
- Easyplan2021Undisclosed
- EasyPlan2021Undisclosed
- Mitter.io2021Undisclosed
Remitly
- Rewire2022$80M
- Passbook Digital Banking Platform2020Undisclosed
- Symphoni2019Undisclosed
Questions about Jupiter Money vs Remitly
Who is the CEO of Jupiter Money and Remitly Global, Inc.?
Jupiter Money is led by Jitendra Gupta and Remitly Global, Inc. is led by Sebastian J. Gunningham. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Jupiter Money founded vs Remitly Global, Inc.?
Remitly Global, Inc. was founded in 2011 — 8 years before Jupiter Money, which was founded in 2019. Remitly Global, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Jupiter Money.
How many employees does Jupiter Money have compared to Remitly Global, Inc.?
Jupiter Money employs approximately 450 people, while Remitly Global, Inc. employs approximately 3,600. Remitly Global, Inc. has the larger workforce at 3,600 employees, compared to Jupiter Money's 450. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Jupiter Money and Remitly Global, Inc. headquartered?
Jupiter Money is headquartered in India and Remitly Global, Inc. is headquartered in United States. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Jupiter Money and Remitly Global, Inc.?
Jupiter Money was founded by Jitendra Gupta, Vishnu Jerome. Remitly Global, Inc. was founded by Matthew Oppenheimer, Josh Hug, Shivaas Gulati.
Which company has a longer operating history — Jupiter Money or Remitly Global, Inc.?
Remitly Global, Inc. has been operating for approximately 15 years, making it the more established of the two companies. Jupiter Money has been in operation for around 7 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Jupiter Money vs Remitly overview