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    Remitly Reports Third Quarter 2024 Results and Raises Full Year 2024 Outlook

    10/30/24 4:05:00 PM ET
    $RELY
    Business Services
    Consumer Discretionary
    Get the next $RELY alert in real time by email

    Active customers up 35% year over year

    Revenue up 39% year over year

    Achieved GAAP net income profitability and record Adjusted EBITDA

    SEATTLE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, reported results for the third quarter ended September 30, 2024.

    "I am grateful to our customers and global teams for the exceptional third quarter results," said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. "As our performance in the third quarter exceeded expectations, we are pleased to increase our 2024 outlook for both revenue and Adjusted EBITDA. We are excited about growth opportunities in 2025 and beyond as we execute on our vision of transforming lives with trusted financial services that transcend borders."

    Third Quarter 2024 Highlights and Key Operating Data

    (All comparisons relative to the third quarter of 2023)

    • Active customers increased to 7.3 million, from 5.4 million, up 35%.
    • Send volume increased to $14.5 billion, from $10.2 billion, up 42%.
    • Revenue totaled $336.5 million, compared to $241.6 million, up 39%.
    • Net income was $1.9 million, compared to net loss of $35.7 million.
    • Adjusted EBITDA was $46.7 million, compared to $10.5 million, up 345%.

    2024 Financial Outlook

    For fiscal year 2024, Remitly currently expects:

    • Total revenue in the range of $1.250 billion to $1.254 billion, representing a growth rate of 32% to 33% year over year. This outlook reflects an increase from our prior revenue outlook in the range of $1.230 billion to $1.250 billion.
    • To remain in a GAAP net loss position for 2024 and for Adjusted EBITDA to be in the range of $108 million to $112 million. This outlook reflects an increase from our prior Adjusted EBITDA outlook in the range of $90 million and $100 million.

    For the fourth quarter of 2024, Remitly currently expects:

    • Total revenue in the range of $338 million to $342 million, representing a growth rate of 28% to 29% year over year.
    • A GAAP net loss position for the fourth quarter of 2024 and for Adjusted EBITDA to be in the range of $17 million to $21 million.

    Reconciliation of GAAP to Non-GAAP Financial Measures

    A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this earnings release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures." We have not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to forecasted GAAP income (loss) before income taxes within this earnings release because we cannot, without unreasonable effort, calculate certain reconciling items with confidence due to the variability, complexity, and limited visibility of the adjusting items that would be excluded from forecasted Adjusted EBITDA. These items include, but are not limited to, income taxes and stock-based compensation expense, which are directly impacted by unpredictable fluctuations in the market price of our common stock. The variability of these items could have a significant impact on our future GAAP financial results.

    Note: All percentage changes described within this press release are calculated using amounts in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the "SEC"), for which revenue and active customers are presented in thousands and send volume is presented in millions. Rounding differences may occur when individually calculating percentages or totals from rounded amounts included within the press release body as compared to the amounts included within the Company's SEC filings.

    Webcast Information

    Remitly will host a webcast at 5:00 p.m. Eastern time on Wednesday, October 30, 2024 to discuss its third quarter 2024 financial results. The live webcast and investor presentation will be accessible on Remitly's website at https://ir.remitly.com. A webcast replay will be available on our website at https://ir.remitly.com following the live event.

    We have used, and intend to continue to use, the Investor Relations section of our website at https://ir.remitly.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD.

    Non-GAAP Financial Measures

    Some of the financial information and data contained in this earnings release, such as Adjusted EBITDA and non-GAAP operating expenses, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). We regularly review our key business metrics and non-GAAP financial measures to evaluate our performance, identify trends affecting our business, prepare financial projections, and make strategic decisions. We believe that these key business metrics and non-GAAP financial measures provide meaningful supplemental information for management and investors in assessing our historical and future operating performance. Adjusted EBITDA and non-GAAP operating expenses are key output measures used by our management to evaluate our operating performance, inform future operating plans, and make strategic long-term decisions, including those relating to operating expenses and the allocation of internal resources. Remitly believes that the use of Adjusted EBITDA and non-GAAP operating expenses provides additional tools to assess operational performance and trends in, and in comparing Remitly's financial measures with, other similar companies, many of which present similar non-GAAP financial measures to investors. Remitly's non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial measures determined in accordance with GAAP. Because of the limitations of non-GAAP financial measures, you should consider the non-GAAP financial measures presented herein in conjunction with Remitly's financial statements and the related notes thereto. Please refer to the non-GAAP reconciliations in this press release for a reconciliation of these non-GAAP financial measures to the most comparable financial measure prepared in accordance with GAAP.

    We calculate Adjusted EBITDA as net income (loss) adjusted by (i) interest (income) expense, net, (ii) provision for income taxes, (iii) noncash charges of depreciation and amortization, (iv) gains and losses from the remeasurement of foreign currency assets and liabilities into their functional currency, (v) noncash charges associated with our donation of common stock in connection with our Pledge 1% commitment, (vi) noncash stock-based compensation expense, net, and (vii) certain acquisition, integration, restructuring, and other costs. We calculate non-GAAP operating expenses as our GAAP operating expenses adjusted by (i) noncash stock-based compensation expense, net, (ii) noncash charges associated with our donation of common stock in connection with our Pledge 1% commitment, as well as (iii) certain acquisition, integration, restructuring, and other costs.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding our future operating results and financial position, including our fiscal year 2024 financial outlook, including forecasted fiscal year 2024 revenue and Adjusted EBITDA, anticipated future expenses and investments, expectations relating to certain of our key financial and operating metrics, our business strategy and plans, market growth, our market position and potential market opportunities, and our objectives for future operations. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management's expectations, assumptions, and projections based on information available at the time the statements were made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including risks and uncertainties related to our ability to successfully execute our business and growth strategy, our ability to achieve and maintain future profitability, our ability to further penetrate our existing customer base and expand our customer base in existing and new corridors, our ability to expand into broader financial services, our ability to expand internationally, the effects of seasonal trends on our results of operations, the current inflationary environment, our expectations concerning relationships with third parties, including strategic, banking, and disbursement partners, our ability to obtain, maintain, protect, and enhance our intellectual property and other proprietary rights, our ability to maintain the security and availability of our solutions, the success of any acquisitions or investments that we make, our ability to compete effectively, our ability to stay in compliance with applicable laws and regulations, our ability to buy foreign currency at generally advantageous rates, and the effects of macroeconomic and geopolitical conditions, including regulatory changes, on our customers and business operations. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, our actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Further information on risks that could cause actual results to differ materially from forecasted results is included in our quarterly report on Form 10-Q for the quarter ended September 30, 2024 to be filed with the SEC, and within our annual report on Form 10-K for the year ended December 31, 2023 filed with the SEC, which are or will be available on our website at https://ir.remitly.com and on the SEC's website at www.sec.gov. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

    About Remitly

    Remitly is a trusted provider of digital financial services that transcend borders. With a global footprint spanning more than 170 countries, Remitly's digitally native, cross-border payments app delights customers with a fast, reliable, and transparent money movement experience. Building on its strong foundation, Remitly is expanding its suite of products to further its vision and transform lives around the world.

    Contacts

    Media:

    Kendall Sadler

    [email protected]

    Investor Relations:

    Stephen Shulstein

    [email protected]



    REMITLY GLOBAL, INC.

    Condensed Consolidated Statements of Operations

    (unaudited)
     
     Three Months Ended September 30, Nine Months Ended September 30,
    (in thousands, except share and per share data) 2024   2023   2024   2023 
    Revenue$336,527  $241,629  $912,068  $679,527 
    Costs and expenses       
    Transaction expenses(1) 115,554   85,742   313,215   239,995 
    Customer support and operations(1) 21,792   21,190   61,910   62,604 
    Marketing(1) 74,792   61,351   219,862   159,074 
    Technology and development(1) 68,446   57,014   199,206   160,699 
    General and administrative(1) 50,920   49,817   140,982   130,715 
    Depreciation and amortization 4,655   3,418   12,240   9,634 
    Total costs and expenses 336,159   278,532   947,415   762,721 
    Income (loss) from operations 368   (36,903)  (35,347)  (83,194)
    Interest income 2,065   1,808   6,233   5,200 
    Interest expense (760)  (585)  (2,274)  (1,566)
    Other income (expense), net 2,094   283   6,272   (2,774)
    Income (loss) before provision for income taxes 3,767   (35,397)  (25,116)  (82,334)
    Provision for income taxes 1,850   258   6,138   485 
    Net income (loss)$1,917  $(35,655) $(31,254) $(82,819)
    Net income (loss) per share attributable to common stockholders:       
    Basic$0.01  $(0.20) $(0.16) $(0.46)
    Diluted$0.01  $(0.20) $(0.16) $(0.46)
    Weighted-average shares used in computing net income (loss) per share attributable to common stockholders:       
    Basic 196,169,417   182,598,013   193,167,942   178,956,602 
    Diluted 205,251,546   182,598,013   193,167,942   178,956,602 

    _________________________

    (1)
    Exclusive of depreciation and amortization, shown separately.



    REMITLY GLOBAL, INC.

    Condensed Consolidated Balance Sheets

    (unaudited)
     
     September 30, December 31,
    (in thousands) 2024   2023 
    Assets   
    Current assets   
    Cash and cash equivalents$324,434  $323,710 
    Disbursement prefunding 219,643   195,848 
    Customer funds receivable, net 276,096   379,417 
    Prepaid expenses and other current assets 41,083   33,143 
    Total current assets 861,256   932,118 
    Property and equipment, net 24,364   16,010 
    Operating lease right-of-use assets 10,768   9,525 
    Goodwill 54,940   54,940 
    Intangible assets, net 12,548   16,642 
    Other noncurrent assets, net 6,554   7,071 
    Total assets$970,430  $1,036,306 
    Liabilities and stockholders' equity   
    Current liabilities   
    Accounts payable$16,825  $35,051 
    Customer liabilities 194,122   177,473 
    Short-term debt 2,426   2,481 
    Accrued expenses and other current liabilities 105,234   145,802 
    Operating lease liabilities 5,488   6,032 
    Total current liabilities 324,095   366,839 
    Operating lease liabilities, noncurrent 5,770   4,477 
    Long-term debt —   130,000 
    Other noncurrent liabilities 9,742   5,653 
    Total liabilities 339,607   506,969 
    Commitments and contingencies   
    Stockholders' equity   
    Common stock 20   19 
    Additional paid-in capital 1,151,479   1,020,286 
    Accumulated other comprehensive income 1,881   335 
    Accumulated deficit (522,557)  (491,303)
    Total stockholders' equity 630,823   529,337 
    Total liabilities and stockholders' equity$970,430  $1,036,306 
     



    REMITLY GLOBAL, INC.

    Condensed Consolidated Statements of Cash Flows

    (unaudited)
     
      Nine Months Ended September 30,
    (in thousands)  2024   2023 
    Cash flows from operating activities    
    Net loss $(31,254) $(82,819)
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
    Depreciation and amortization  12,240   9,634 
    Stock-based compensation expense, net  110,523   101,007 
    Donation of common stock  2,587   4,600 
    Other  299   4,674 
    Changes in operating assets and liabilities:    
    Disbursement prefunding  (23,795)  (52,162)
    Customer funds receivable  100,539   (68,553)
    Prepaid expenses and other assets  (6,787)  (9,652)
    Operating lease right-of-use assets  4,475   3,796 
    Accounts payable  (18,285)  10,448 
    Customer liabilities  16,811   29,211 
    Accrued expenses and other liabilities  (23,521)  28,118 
    Operating lease liabilities  (4,982)  (3,470)
    Net cash provided by (used in) operating activities  138,850   (25,168)
    Cash flows from investing activities    
    Purchases of property and equipment  (3,192)  (2,268)
    Capitalized internal-use software costs  (9,288)  (4,249)
    Cash paid for acquisition, net of acquired cash, cash equivalents, and restricted cash  —   (40,933)
    Net cash used in investing activities  (12,480)  (47,450)
    Cash flows from financing activities    
    Proceeds from exercise of stock options  5,754   12,258 
    Proceeds from issuance of common stock in connection with ESPP(1)  9,382   6,046 
    Proceeds from revolving credit facility borrowings  863,000   424,000 
    Repayments of revolving credit facility borrowings  (993,000)  (424,000)
    Taxes paid related to net share settlement of equity awards  (3,774)  (4,711)
    Cash paid for settlement of amounts previously held back for acquisition consideration  (10,261)  — 
    Repayment of assumed indebtedness  —   (17,068)
    Net cash used in financing activities  (128,899)  (3,475)
    Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash  3,941   (599)
    Net increase (decrease) in cash, cash equivalents, and restricted cash  1,412   (76,692)
    Cash, cash equivalents, and restricted cash at beginning of period  325,029   300,734 
    Cash, cash equivalents, and restricted cash at end of period $326,441  $224,042 
    Reconciliation of cash, cash equivalents, and restricted cash    
    Cash and cash equivalents $324,434  $223,273 
    Restricted cash included in prepaid expenses and other current assets  1,034   715 
    Restricted cash included in other noncurrent assets, net  973   54 
    Total cash, cash equivalents, and restricted cash $326,441  $224,042 

    _________________________

    (1) Beginning with the fourth quarter of 2023, the Company changed the presentation of shares purchased under the Employee Stock Purchase Plan ("ESPP") to reflect an operating cash outflow for compensation paid to employees and a financing cash inflow for cash paid by employees in exchange for shares. Previously such activity was treated and disclosed as noncash activity for the nine months ended September 30, 2023.



    REMITLY GLOBAL, INC.

    Reconciliation of GAAP to Non-GAAP Financial Measures

    (unaudited)
     
    Reconciliation of net income (loss) to Adjusted EBITDA:
             
      Three Months Ended September 30, Nine Months Ended September 30,
    (in thousands)  2024   2023   2024   2023 
    Net income (loss) $1,917  $(35,655) $(31,254) $(82,819)
    Add:        
    Interest income, net  (1,305)  (1,223)  (3,959)  (3,634)
    Provision for income taxes  1,850   258   6,138   485 
    Depreciation and amortization  4,655   3,418   12,240   9,634 
    Foreign exchange (gain) loss  (2,274)  (376)  (6,667)  2,611 
    Donation of common stock  2,587   4,600   2,587   4,600 
    Stock-based compensation expense, net  39,278   36,573   110,523   101,007 
    Acquisition, integration, restructuring, and other costs(1)  —   2,901   1,468   4,390 
    Adjusted EBITDA $46,708  $10,496  $91,076  $36,274 

    _________________________

    (1) Acquisition, integration, restructuring, and other costs for the nine months ended September 30, 2024 consisted primarily of $0.8 million in restructuring charges incurred, $0.5 million of non-recurring legal charges, and $0.2 million related to the change in the fair value of the holdback liability associated with the acquisition of Rewire (O.S.G.) Research and Development Ltd. ("Rewire"). Acquisition, integration, restructuring, and other costs for the three months ended September 30, 2023 consisted primarily of $1.4 million in restructuring charges incurred, $0.9 million related to the change in the fair value of the holdback liability, and $0.6 million of expenses incurred in connection with the acquisition and integration of Rewire. Acquisition, integration, restructuring, and other costs for the nine months ended September 30, 2023 consisted primarily of $1.9 million related to the change in the fair value of the holdback liability, $1.4 million in restructuring charges incurred, and $1.1 million of expenses incurred in connection with the acquisition and integration of Rewire.



    Reconciliation of operating expenses to non-GAAP operating expenses:
             
      Three Months Ended September 30, Nine Months Ended September 30,
    (in thousands) 2024 2023 2024 2023
    Customer support and operations $21,792 $21,190 $61,910 $62,604
    Excluding: Stock-based compensation expense, net  278  386  890  1,010
    Excluding: Acquisition, integration, restructuring, and other costs  —  749  758  749
    Non-GAAP customer support and operations $21,514 $20,055 $60,262 $60,845
             
      Three Months Ended September 30, Nine Months Ended September 30,
      2024 2023 2024 2023
    Marketing $74,792 $61,351 $219,862 $159,074
    Excluding: Stock-based compensation expense, net  4,514  4,525  13,014  12,235
    Non-GAAP marketing $70,278 $56,826 $206,848 $146,839
             
      Three Months Ended September 30, Nine Months Ended September 30,
      2024 2023 2024 2023
    Technology and development $68,446 $57,014 $199,206 $160,699
    Excluding: Stock-based compensation expense, net  21,873  19,828  61,854  55,047
    Excluding: Acquisition, integration, restructuring, and related costs  —  510  —  510
    Non-GAAP technology and development $46,573 $36,676 $137,352 $105,142
             
      Three Months Ended September 30, Nine Months Ended September 30,
      2024 2023 2024 2023
    General and administrative $50,920 $49,817 $140,982 $130,715
    Excluding: Stock-based compensation expense, net  12,613  11,834  34,765  32,715
    Excluding: Donation of common stock  2,587  4,600  2,587  4,600
    Excluding: Acquisition, integration, restructuring, and other costs  —  1,642  710  3,131
    Non-GAAP general and administrative $35,720 $31,741 $102,920 $90,269


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    • Remitly to Report First Quarter Financial Results on May 7, 2025

      SEATTLE, April 23, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report first quarter financial results after the market close on Wednesday, May 7, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly First Quarter Financial Results Conference Call and Webcast Information:When: Wednesday, May 7th, 2025Time: 2:00 p.m. P

      4/23/25 4:05:00 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Remitly to Report Fourth Quarter and Full Year 2024 Financial Results on February 19, 2025

      SEATTLE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2024 financial results after the market close on Wednesday, February 19, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Fourth Quarter and Full Year 2024 Financial Results Conference Call and Webcast Information:Wh

      2/5/25 4:05:00 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • KBW Announces Index Rebalancing for Fourth-Quarter 2024

      NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY

      12/13/24 8:30:00 PM ET
      $AAT
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    $RELY
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    • Morris Nigel W bought $990,665 worth of shares (50,000 units at $19.81), increasing direct ownership by 3% to 1,800,213 units (SEC Form 4)

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      11/7/23 8:06:47 AM ET
      $RELY
      Business Services
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    • Morris Nigel W bought $4,818,509 worth of shares (250,000 units at $19.27), increasing direct ownership by 17% to 1,750,213 units (SEC Form 4)

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      11/6/23 7:36:09 AM ET
      $RELY
      Business Services
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    • Vice Chair Hug Joshua sold $841,954 worth of shares (40,000 units at $21.05), decreasing direct ownership by 1% to 3,773,811 units (SEC Form 4)

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      5/7/25 4:46:14 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Vice Chair Hug Joshua sold $389,400 worth of shares (20,000 units at $19.47), decreasing direct ownership by 0.52% to 3,813,811 units (SEC Form 4)

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      4/21/25 5:57:33 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • SEC Form 4 filed by Chief Business Officer Sharma Pankaj

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      4/15/25 4:21:55 PM ET
      $RELY
      Business Services
      Consumer Discretionary

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    • Mendaera Closes $73M Series B Financing to Scale Robotics and AI Across Mainstream Medical Procedures

      With its first-of-its-kind platform, Mendaera is pioneering a new category in medical robotics Mendaera, Inc., a Silicon Valley-based healthcare technology company developing a handheld robotic interventional platform, announced today the close of $73 million in Series B funding led by Threshold Ventures, with participation from investors including Lux Capital, PFM Health Sciences, and Fred Moll (founder of Intuitive Surgical and Auris Health). The financing will further Mendaera's efforts to scale robotics and AI across mainstream medical procedures. The healthcare system is facing an increasing supply and demand crisis, where the ability to consistently deliver high-quality care to pati

      9/26/24 6:05:00 AM ET
      $DOCS
      $RELY
      $LVGO
      EDP Services
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    • Remitly Announces CFO Transition Plan

      SEATTLE, July 31, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of seasoned finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will oversee an orderly transition, remaining with the company through September 30, 2024. "I am delighted to welcome Vikas to Remitly as our Chief Financial Officer," said Matt Oppenheimer, Co-founder and CEO of Remitly. "Vikas's impressive track record leading finance functions at high-growth companies, experience driving public company

      7/31/24 6:00:00 PM ET
      $RELY
      Business Services
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    • Remitly Appoints Ronit Peled as Chief People Officer

      SEATTLE, May 07, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of Ronit Peled as Chief People Officer.  "We are thrilled to welcome Ronit Peled to Remitly as our new Chief People Officer," said Matt Oppenheimer, Co-founder & CEO of Remitly. "Ronit brings a track record of strategic business leadership, a deep commitment to people and culture, and clear alignment with Remitly's values. As team and culture have always been a differentiator for Remitly and key focus for me, I look forward to seeing Ronit's talents in action and the impact she will drive for our people, cust

      5/7/24 12:00:00 PM ET
      $RELY
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