Sebastian Gunningham, Remitly CEO: Fortt Knox Earnings
Share

Sebastian Gunningham, Remitly CEO: Fortt Knox Earnings

New Remitly CEO Sebastian Gunningham tells Jon Fortt the company beat Q1 and guided Q2 revenue to $483-485M (17-18% growth) with adjusted EBITDA margin 22.4% vs 19% expected. Strategy expands beyond the core $250 remittance to higher-amount senders, small businesses, and receivers; 1% of cross-border SMB alone could be 2-3x Remitly's current size. Stablecoins: small internal use; sender demand low; receivers want dollar-denominated accounts.
13:43
Wed, May 6 20264:21 PM EDT