Remitly Announces CFO Transition Plan
July 31 2024 - 5:00PM
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 and
investor relations strategy, and commitment to data-driven
decision-making will be invaluable as we continue to scale and
deliver value to our customers and shareholders.”
Mehta has over 25 years of global experience across Fintech,
Software, and eCommerce, driving hyper-growth and business
transformation. He has held CFO roles at Anaplan and Nike Direct,
as well as significant leadership positions at Walmart, Microsoft,
and PayPal. In his most recent role as CFO of Komodo Health, Mehta
was responsible for scaling revenue and improving margins and
profitability.
"I am thrilled to be stepping into the role of CFO at Remitly, a
company whose mission resonates with me both professionally and
personally,” said Mehta. “As a leader, I am energized by the
opportunity to contribute my expertise in financial management,
strategy, and operational excellence at such an exciting time in
Remitly’s journey. As an immigrant, I relate to the challenges and
aspirations of so many of Remitly’s customers, and I look forward
to furthering our vision of transforming lives with trusted
financial services that transcend borders.”
In the role of Chief Financial Officer, Mehta will lead all
aspects of Remitly’s financial planning and analysis, procurement,
accounting and tax, investor relations, and treasury.
Oppenheimer went on to thank Munipalli: “Under Hemanth’s
financial leadership, Remitly has achieved significant milestones.
We are grateful for his contributions in building a world-class
finance function and partnership in laying a strong foundation for
Remitly’s next phase of growth.”
Munipalli continued, “It has been a privilege to serve as
Remitly’s CFO. I am proud of what we have accomplished and look
forward to supporting a smooth transition.”
About RemitlyRemitly 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.
Investor Relations Contact:Stephen
ShulsteinVice President of Investor
Relationsstephens@remitly.com
Media Contact:Kendall SadlerDirector of
Communicationskendall@remitly.com
Remitly Global (NASDAQ:RELY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Remitly Global (NASDAQ:RELY)
Historical Stock Chart
From Oct 2023 to Oct 2024