Remitly is a privately held company, and its ownership is primarily held by its founders and early investors. The company was founded in 2011 by Matt Oppenheimer and Josh Hug, who currently serve as CEO and CTO, respectively. Remitly is backed by a number of venture capital firms, including Bezos Expeditions (the personal investment firm of Amazon CEO Jeff Bezos), QED Investors, and Founders' Co-op. As of the latest funding round in July 2020, the company was valued at $1.5 billion.
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