10 Best FinTech Companies to Watch 2024

Remitly Revolutionizes Global Finances with Mobile-First Payments and Innovative Solutions

“We’re here to help the millions of immigrants around the world who make the huge sacrifice of leaving their families behind to live and work in another country.”

By SBR
Feb 11, 2024 12:27 AM
Matthew Oppenheimer, Co-founder and the CEO of Remitly Photo by SBR

Matthew Oppenheimer, Co-founder and the CEO of Remitly


Remitly, founded in 2011, leads the charge in changing the financial game. With a primary focus on mobile-first payments, the company has simplified person-to-person international money transfers. This Seattle-based company has grown in significance, connecting 16 nations and over 50 receiving countries, making it a reliable alternative for users globally.

Remitly's dedication to client satisfaction is demonstrated by the recent launch of a second product, Passbook, a digital platform precisely created to cater particularly to immigrants. This creative feature demonstrates the company’s commitment to fulfilling the individual demands of its broad consumer base.

From its humble beginnings, Remitly has rapidly evolved, boasting a team of over 1,000 employees spread across eight offices worldwide. Its impact is not just measured in numbers but in the lives it has touched, having served more than two million customers to date. 

Empowering Lives with FinTech Brilliance

In the complex world of financial technology, Remitly stands out by revolutionizing international money transfers with a compassionate touch. Focused on the experiences of millions of brave immigrants, Remitly becomes a trusted ally, reducing the intricacy of cross-border transactions through simple digital channels.

At Remitly, the mission is personal. It's more than simply transactions; it's a pledge to make every hard-earned dollar count for individuals who have gone on the difficult journey of working away from home. As a FinTech innovation, Remitly distributes more than simply money; it sends optimism, connection, and the promise of a better financial future.

Why Choose Remitly? 

In the world of international money transfers, Remitly sets out for more than just moving cash. It's about creating a promise: your money will come on schedule, or they are going to reimburse your fees.

Exceeding expectations in delivery: Choosing Remitly is more than simply a transaction; it's about finding a trustworthy companion on your financial path. We guarantee on-time delivery, and if we don't, we will refund your money. Your peace of mind is as important as your money.

Keeping transactions secure: In the modern age of technology, Remitly is a haven. We've implemented extensive security precautions to keep your money safe during its online trip. It's more than simply a function; it's our commitment to keeping your money safe.

Your Money, Your Way: Remitly does not limit you to old-fashioned techniques. We recognize the value of choice. Whether you like the quickness of a bank or the convenience of cash pickups, we offer solutions for you.

Global Trust and Local Impact: Join the millions of people worldwide who use Remitly for money transfers. It's more than just sending money; it's about making connections. Your faith in us extends beyond boundaries, making each transaction more than just a transfer.

Safeguarding Your FinTech Experience 

In the world of Remitly, security is more than simply a feature; it's a story of dedication interlaced with layers of safety for your comfort.

For novices, entering Remitly's FinTech sector is a safe and simple approach. A creation ritual entails sharing relevant information and completing an email verification, laying the groundwork for a reliable and secure connection.

Digital Vigilance: As users get more comfortable with the FinTech ecosystem, Remitly's digital security measures come into focus. Every transaction is thoroughly reviewed to ensure that it is in line with user usage patterns. This procedure combines manual inspections with computerized checks. Collaborations with industry leaders are critical to ensuring a smooth verification process while adhering to strict privacy standards.

Password Citadel: Your password serves as the foundation of your Remitly FinTech fortress, providing a strong barrier against illegal access. Logging in through a secure server connection using SSL and 256-bit encryption, your password, a combination of letters and numbers, serves as an impenetrable defense.

Safe Navigation: Avoid frauds and false promises in the wide FinTech landscape. Be wary of lottery illusions, guaranteed credit cards, and unfathomable prosperity. Use caution when dealing with strange internet or phone offers. With each Remitly FinTech step, you embark on a journey of awareness, confidence, and enhanced security, not just transactions.

Simplifying Cross-Border Money Transactions

Navigating the complexities of international money transfers can be challenging. Sending money to India, a complicated operation, demands a straightforward and dependable solution. Remitly shines as a symbol of financial empowerment in this realm of cross-border transactions. Let's explore how Remitly seamlessly transforms the complicated into the simple, offering users a secure way to send money to India.

To send money to India using Remitly, create an account with a valid email address. This is easily accomplished on the Remitly website or the user-friendly app, available for download on both the App Store and Google Play.

After setting up the account, the user must make decisions about the transaction, including selecting the currency, specifying the amount, and choosing the intended delivery speed.

Next, decide how the beneficiary will receive the funds. Remitly provides various distribution methods to meet users' needs, offering flexibility for the recipient to obtain the money conveniently.

Once receiver and delivery information are sorted, enter the recipient's name and required details accurately, a critical step for a smooth and error-free transfer.

The financial aspect is handled by securely entering payment information into the system. Following that, the user can confirm the transfer, initiating a safe transfer of funds.

This improved approach prioritizes user comfort, demonstrating Remitly's commitment to the fintech sector. Users benefit from a smooth, efficient, and secure money transfer experience due to cutting-edge technologies. As technology continues to transform the banking industry, Remitly remains at the forefront, offering a dependable and user-friendly platform for seamless cross-border transfers.

About | Matthew Oppenheimer 

Matthew Oppenheimer is a Co-founder and the CEO of Remitly. Prior to founding Remitly, Matt served as Entrepreneur in Residence with Highway 12 Ventures. He previously held roles at Barclays Bank, first in London and later in Nairobi, Kenya, where he spearheaded mobile and internet banking initiatives. Currently, he contributes to BECU, serving on the Board of Directors, Finance and Risk Committee, Digital Committee, and Governance Committee.

In the past, Matt held board positions at Planned Parenthood Federation of America and Advocates for Youth. Throughout his career, he has earned recognition, including ‘Planned Parenthood International Youth Volunteer of the Year’ in 2001, ‘Barclays People's Choice Award’ in 2011, ‘Puget Sound Business Journal 40 Under 40 Honoree’ in 2014, and ‘Ernst and Young Entrepreneur of the Year’ in 2016.

A member of Young Presidents Organization (YPO) and a former member of Entrepreneurs Organization (EO), Matt holds a BA in psychology from Dartmouth College (2005) and an MBA from Harvard Business School (2009). He is part of the 2020 Class of Henry Crown Fellows within the Aspen Global Leadership Network at the Aspen Institute.

“My vision is to transform the lives of immigrants and their families by providing the most trusted financial services on the planet.”

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