Remitly hires Santander alum as its next CEO

Core Insights - Remitly has appointed Sebastian Gunningham as its new CEO, succeeding co-founder Matt Oppenheimer, who will transition to the role of board chair [1][2] Company Transition - Gunningham's previous experience includes roles at Santander Consumer Finance and Openbank, as well as executive positions at Amazon, Apple, and Oracle, highlighting his extensive background in the financial and tech sectors [2] - Oppenheimer emphasized Gunningham's multinational background and personal experience with cross-border connections, stating that he understands the emotional aspect of money transfers [3] Financial Performance - Remitly reported a 37% increase in send volume for 2025, reaching $74.9 billion, and a 29% year-over-year revenue growth to $1.6 billion [4] - The company achieved a net income of $67.9 million for the year, a significant turnaround from a $37 million loss in 2024 [4] - Remitly's customer base grew by 19%, totaling 9.3 million users compared to the previous year [4] Strategic Direction - Oppenheimer stated that Remitly is evolving from merely facilitating cross-border payments to becoming a comprehensive financial platform for globally connected individuals [5] - Gunningham expressed his commitment to enhancing customer value and capitalizing on growth opportunities, aligning with Remitly's refreshed strategy to expand services beyond global money movement [6]