Remitly Appoints Hemanth Munipalli as Chief Financial Officer
June 06 2022 - 4:05PM
Business Wire
Remitly Global, Inc. (NASDAQ: RELY), a leading digital financial
services provider for immigrants and their families in over 160
countries around the world, today announced the appointment of
Hemanth Munipalli as CFO effective July 18.
“Hemanth brings more than 20 years of top-tier finance
leadership to Remitly, with a proven track record in multinational
consumer-facing organizations operating in dynamic market
environments,” said Matt Oppenheimer, Co-founder and CEO, Remitly.
“His breadth of financial expertise, strategic mindset, and
background as a strong business leader will be incredibly valuable
to us as we continue to grow and scale with our customers.”
Munipalli joins the company as Remitly continues to scale and
deliver on its long-term vision to be the most trusted financial
services provider for immigrants and their families around the
world. Most recently, Munipalli served as Senior Vice President,
CFO Marketplace Services, and CFO, Egencia at the Expedia Group for
the past 5 years. Prior to the Expedia Group, Munipalli held
various roles at General Motors, the most recent as CFO of General
Motors China. Munipalli holds an M.B.A from The University of
Chicago Booth School of Business, an M.S. in industrial engineering
from Wayne State University, and a B.E. from the University of
Mysore.
“I am excited for the opportunity to support Remitly through the
next phase of growth and building long-term value,” said Munipalli.
“The future for digital financial services designed for immigrants
is bright, with boundless opportunities. I’m honored and humbled to
not just take on the Remitly mission, but also to deliver value for
all of our stakeholders - including our employees, customers,
partners, and shareholders. We have an exciting road ahead and, as
Matt has stated, ‘we are just getting started.’”
Remitly’s current CFO Susanna Morgan will remain in the role
pending Munipalli’s official start as CFO in July, after which she
will serve as senior advisor to support a smooth transition through
September 2022.
Oppenheimer noted, “We are deeply grateful to Susanna for all
her contributions to Remitly and its mission. She helped us take
the company public, championed our growth plan, and navigated
countless global social and cultural disruptions. Hemanth and
Remitly will benefit greatly from the thoughtful and well-staged
CFO transition that she is making possible.”
For more information about Remitly, please visit
www.remitly.com.
About Remitly
Remitly is a leading digital financial services provider for
immigrants and their families in over 160 countries around the
world. Remitly helps immigrants send money home in a safe, reliable
and transparent manner. Its digitally-native, cross-border
remittance app eliminates the long wait times, complexities and
fees typical of traditional remittance processes. Building on its
strong foundation, Remitly is expanding its suite of products to
further its mission and transform financial services for immigrants
all around the world. Founded in 2011, Remitly is headquartered in
Seattle and has seven global offices, including London, Cork,
Singapore, Manila and Managua.
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version on businesswire.com: https://www.businesswire.com/news/home/20220606005925/en/
Media: Adam Cormier adamc@remitly.com
Investor Relations: Stephen Shulstein
stephens@remitly.com
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