Remitly Co-Founder Matt Oppenheimer has stepped down as CEO, handing leadership of the Seattle-based digital remittance company to Sebastian Gunningham as part of a planned succession. Oppenheimer will become Chairman and said the change follows succession planning he raised with the board “a while back,” writing to employees, “This transition isn’t about stepping back. It’s about stepping up into the role that best serves Remitly’s long-term success.”
Gunningham, a longtime tech and finance executive, previously led Amazon’s marketplace and payments businesses and later held senior roles at WeWork and Santander; “I’ve long admired Remitly’s mission and the real difference it makes in people’s lives,” he said.
The leadership change lands alongside strong operating results: Remitly reported adjusted EBITDA of $88.6 million for Q4, nearly doubling year over year, while send volume rose 35% to $20.8 billion and revenue reached $442.2 million, up 26%. The company now has 9.3 million quarterly active users (up 19%) and about 3,200 employees globally, and it has been broadening beyond remittances into products such as small-business payments, multi-currency wallets and debit cards, lines of credit, and stablecoin-based balances. In his memo, Oppenheimer said he will remain the company’s largest individual shareholder “with no plans to sell” and plans to stay engaged as chairman while shifting his time toward external partnerships, cross-industry initiatives, and family.
