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Remitly

Tech Moves: Washington senator with Microsoft roots to lead Commerce Dept.; Remitly VP retiring

State Sen. Joe Nguyễn will become the next director of the Washington state Department of Commerce. Commerce manages economic and… Read More

No harsh mandates: Tech leaders on what’s working with their hybrid return-to-office policies

Return-to-office policies are often controversial and emotionally charged — but do they have to be? Two tech leaders recently shared… Read More

Remitly stock spikes 19% after first profitable quarter; revenue up 39%

Shares of Remitly surged in after-hours trading as the Seattle-based digital remittance company reported its first profitable quarter.

Seattle digital remittance company Remitly opening new office in Vancouver, B.C., area

Seattle-based digital remittance company Remitly is expanding its office-space footprint to the Greater Vancouver, B.C., area, the company announced Tuesday.… Read More

Digital remittance company Remitly inks lease for new downtown Seattle office at Rainier Square

Remitly is moving into a new headquarters office in downtown Seattle. The digital remittance company confirmed to GeekWire that it… Read More

Remitly revenue up 44% to $944M in 2023, with more growth expected this year

Remitly’s business is on a roll. The Seattle-based digital remittance company reported its full-year results Wednesday for 2023. Total revenue… Read More

Tech Moves: Remitly exec to step down; Yoky Matsuoka named CEO of new Panasonic division

— Kim Vu, vice president of environmental social governance at Seattle digital remittance giant Remitly, will step down from her… Read More

Tech Moves: Halo leader departing; Remitly adds board directors; drone vet lands at Rantizo

— Seattle-based fintech company Remitly added two new board members: Ryno Blignaut and Phyllis Campbell. Blignaut is an investor with Silicon… Read More

Collaboration — and couches: Remitly rethinks its downtown Seattle office for a new era of work

On the 24th floor of a downtown Seattle skyscraper, Remitly is feeling out the so-called future of work. And they’re… Read More

Remitly paying $80M to acquire Rewire, another digital remittance platform

Seattle-based digital remittance giant Remitly announced Tuesday it plans to acquire Rewire, an Israel-based company founded in 2015 that also… Read More

Jonathan Burstein, 1976-2022: Engineer, investor and entrepreneur was a natural problem-solver

Jonathan Burstein, who co-founded voice technology startup Jargon and made a lasting impact at Seattle-area tech companies including Microsoft, Amazon,… Read More

Remitly reports $458M in 2021 revenue, up 78%, as remittance company suspends service in Russia

Shares of Remitly rose 9% in after-hours trading Wednesday following the release of the company’s fourth quarter earnings report. The… Read More

Coinbase partners with remittance company Remitly to let people in Mexico cash out crypto

Crypto giant Coinbase launched a free pilot program Tuesday to let customers in Mexico cash out digital currencies. It’s made… Read More

Remitly revenue climbs 69% to $121M in first earnings report as public company

Seattle-based financial services company Remitly issued its first earnings report since its initial public offering, reporting revenue of $121.2 million… Read More

‘Fall in love with a problem’: Remitly CEO reflects on startup journey as remittance company goes public

It’s been a heck of a startup journey for Remitly. The latest chapter begins Thursday when the mobile remittance company… Read More

Remitly prices IPO at $43/share; Seattle fintech giant valued at nearly $7B

Remitly will be valued at nearly $7 billion when it goes public on Thursday. The Seattle company priced shares at… Read More

The most successful accelerator cohort ever: How this Techstars Seattle class produced 3 unicorns

In 2011, the world was still recovering from the financial crisis a couple of years earlier. The startup economy wasn’t… Read More

Podcast

‘They proved me wrong.’ Investor who passed on Seattle startup Remitly analyzes its upcoming IPO

Jason Stoffer was still early in his career at venture capital firm Maveron in 2012 when he declined an opportunity… Read More

Remitly aims to raise up to $332M at $6.5B valuation in IPO for Seattle fintech giant

Remitly set terms for its IPO on Tuesday. The fintech company expects to raise $284.6 million, or $332.6 million if… Read More

Money transfer startup Remitly reveals financial results in preparation for upcoming IPO

Seattle-based money remittance company Remitly disclosed key financial results on Monday afternoon in its Form S-1 registration statement, a key… Read More

Tech Moves: Seattle AI experts join national task force; Boundless co-founder departs; and more

— DefinedCrowd founder and CEO Daniela Braga and Allen Institute for AI CEO Oren Etzioni are part of the newly… Read More

Remitly files initial IPO paperwork as Seattle fintech company prepares to go public

Remitly is going public. The mobile remittance company said Wednesday it confidentially submitted a draft registration statement with the SEC… Read More

6 tips from Seattle tech companies on how to support racial equity programs

As people around the country observe the anniversary of the murder of George Floyd, companies that pledged to do more… Read More

Tech Moves: Icertis hires new CMO; Expedia Group board member steps down; and more

— Icertis hired longtime SAP executive Gretchen Eischen as its new chief marketing officer. She was most recently global vice… Read More

Seattle startup Jargon sells IP to Remitly; founders will join remittance company

The news: Seattle mobile remittance company Remitly has acquired intellectual property from Jargon, a Seattle startup that developed an enterprise… Read More

Report: Seattle digital remittance startup Remitly hires banks for IPO at around $5B valuation

The news: Seattle startup Remitly has hired investment banks to prepare for an initial public offering, according to Reuters. The IPO… Read More

GeekWire Awards 2021: Check out the 5 finalists for Workplace of the Year

After a year in which the definition of “workplace” became especially fluid, our understanding of what makes for a great… Read More

Podcast

GeekWire Podcast: What Seattle’s billion-dollar startups say about the region’s tech industry

Here’s what we’re talking about on the GeekWire Podcast this week: Seattle’s tech community just reached a new milestone: 10… Read More

Seattle area boasts 10 fast-growing unicorns: Can you name the billion-dollar startups?

The unicorn — that supposed elusive creature of the startup world  — is becoming a bit more commonplace in these… Read More

Tech Moves: Outreach and Flyhomes marketing chiefs depart; startup studio Pienza grows team

— Margaret Arakawa has left her role as chief marketing officer at sales automation startup Outreach. Arakawa spent nearly 20… Read More

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