Digital Financial Services Provider Remitly Appoints Members to Board of Directors

Remitly Global, Inc. (NASDAQ: RELY), a digital financial services provider for immigrants and their families, announced the appointments of Phyllis Campbell and Ryno Blignaut to its Board of Directors.

Matt Oppenheimer, CEO of Remitly, said:

“We are delighted to welcome Phyllis and Ryno to Remitly’s Board of Directors. They each bring with them a wealth of knowledge and leadership experience to complement our existing team of accomplished directors. I’m grateful for their passion and dedication to our customer-centric vision for the future of digital financial services.”

Campbell and Blignaut reportedy “bring decades of leadership and advisory expertise to the company.”

Campbell, a seasoned professional focused on financial services, “was recently Chair of the PNW region at J.P. Morgan, previously serving as President and CEO of The Seattle Foundation.”

Prior to that, Campbell “was President and CEO of the U.S. Bank of Washington for more than six years, where she led the company to double in size through customer-focused growth initiatives.”

Campbell has “a distinguished career of public company board service spanning 30 years; she currently serves on the ATSG and SanMar Boards of Directors.”

Campbell said:

“I’m thrilled to join Remitly and contribute to its vision of transforming the lives of immigrants and their families. The company’s consistent commitment to trust and customer centricity is key to the growth it’s seen thus far, and I’m proud to partner with Matt and the Remitly team to bring reliable and convenient services to millions more around the world.”

Blignaut is “a skilled advisor and investor with significant exposure to the global money transfer market as well as vast experience working with founder-led technology companies. He joined Khosla Ventures in 2019 and serves on the board of directors of multiple private companies.”

Prior, Blignaut served “as CFO of Restoration Hardware (NYSE: RH) and CFO and Chief Risk Officer of e-funds and remittance provider Xoom through its 2013 IPO and 2015 sale to PayPal.”

Blignaut added:

“Remitly’s mission is a critical one in today’s world, and I look forward to helping the team drive it forward. Immigrants are still sorely overlooked by much of the innovation coming out of the financial services sector, and Remitly has built an enduring reputation as an industry leader to help fill that gap.”

In addition, current director Ron Shah, “who was an early investor in Remitly and has served on the Board since 2016, will retire from the Board, effective June 14, 2023, to focus on other professional pursuits.”

The company thanks him “for his contributions over the years.”

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