SEATTLE, Oct. 14, 2016 /PRNewswire/ -- Remitly, the largest independent digital remittance company in the United States, announced today it has hired Karim Meghji as Chief Product Officer. Meghji brings over 25 years of product development and innovation experience to Remitly and will oversee product management, design, and engineering.
Meghji has led numerous product teams through large scale growth and global expansion at companies including Booking.com where he was Head of Product, buuteeq as the Chief Product Officer and VP of Engineering, and RealNetworks where he was part of product development leadership.
"Karim is the ideal leader for our next stage of global growth," said Remitly CEO, Matt Oppenheimer. "He has a unique set of experiences scaling up and managing large businesses and we're ecstatic that he'll bring those skills to Remitly."
With Meghji joining the team, Remitly co-founder Josh Hug will take on a new role as Chief Operating Officer, focusing on strategic expansion, data leadership, risk product, customer service, and operations. Oppenheimer commented, "Josh has been involved in all operational aspects of Remitly since we founded the company five years ago and I'm excited that he'll now take on the COO title as his responsibilities continue to grow."
As part of its ongoing expansion, last month Remitly extended its service into seven countries throughout Central and South America and announced a strategic financing from Silicon Valley Bank and the International Finance Corporation.
Remitly is the largest independent digital remittance company in the United States, transferring more than $1.5 billion from its customers in the U.S and Canada to loved ones and throughout the world. Remitly's proprietary global transfer network includes its easy-to-use mobile app, which makes the process of sending money faster, easier, more transparent, and less costly by eliminating the forms, codes, agents, extra time and fees typical of the traditional, century-old money transfer process. Remitly is backed by industry-leading investors, including Stripes Group, DFJ, DN Capital, QED Investors, Trilogy Equity Partners, Bezos Expeditions, Founders' Co-Op, International Finance Corp., and TomorrowVentures. The company is headquartered in Seattle, with additional offices in the Philippines and Nicaragua. For more information, visit Remitly.com.