September 25, 2022

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Remitly Appoints Hemanth Munipalli as Main Economic Officer

SEATTLE, June 06, 2022–(Small business WIRE)–Remitly Global, Inc. (NASDAQ: Count), a top digital financial providers provider for immigrants and their families in over 160 nations around the world around the environment, now introduced the appointment of Hemanth Munipalli as CFO efficient July 18.

“Hemanth provides additional than 20 many years of top rated-tier finance management to Remitly, with a demonstrated monitor report in multinational customer-experiencing corporations working in dynamic sector environments,” explained Matt Oppenheimer, Co-founder and CEO, Remitly. “His breadth of economic experience, strategic mentality, and track record as a strong organization chief will be amazingly useful to us as we continue to grow and scale with our customers.”

Munipalli joins the firm as Remitly carries on to scale and deliver on its extended-phrase vision to be the most trustworthy economic solutions supplier for immigrants and their families all-around the environment. Most a short while ago, Munipalli served as Senior Vice President, CFO Marketplace Services, and CFO, Egencia at the Expedia Team for the previous 5 yrs. Prior to the Expedia Team, Munipalli held numerous roles at Basic Motors, the most the latest as CFO of General Motors China. Munipalli holds an M.B.A from The College of Chicago Booth University of Enterprise, an M.S. in industrial engineering from Wayne State University, and a B.E. from the University of Mysore.

“I am energized for the possibility to guidance Remitly by means of the following section of expansion and constructing very long-time period value,” reported Munipalli. “The long run for electronic fiscal expert services made for immigrants is vivid, with boundless options. I’m honored and humbled to not just take on the Remitly mission, but also to provide benefit for all of our stakeholders – which include our workers, customers, associates, and shareholders. We have an fascinating highway forward and, as Matt has stated, ‘we are just having began.’”

Remitly’s latest CFO Susanna Morgan will continue to be in the role pending Munipalli’s formal start as CFO in July, soon after which she will provide as senior advisor to assistance a clean transition by way of September 2022.

Oppenheimer famous, “We are deeply grateful to Susanna for all her contributions to Remitly and its mission. She served us just take the corporation community, championed our growth system, and navigated a great number of global social and cultural disruptions. Hemanth and Remitly will advantage enormously from the considerate and perfectly-staged CFO transition that she is earning doable.”

For extra details about Remitly, make sure you go to www.remitly.com.

About Remitly

Remitly is a primary electronic economic companies provider for immigrants and their families in over 160 nations close to the entire world. Remitly helps immigrants send out income property in a safe and sound, responsible and clear fashion. Its digitally-indigenous, cross-border remittance app gets rid of the very long hold out times, complexities and charges typical of conventional remittance processes. Creating on its sturdy basis, Remitly is increasing its suite of goods to even more its mission and renovate fiscal solutions for immigrants all about the world. Started in 2011, Remitly is headquartered in Seattle and has seven global offices, which includes London, Cork, Singapore, Manila and Managua.

See resource edition on businesswire.com: https://www.businesswire.com/information/house/20220606005925/en/

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