Seattle-based digital financial services firm Remitly hired Vikas Mehta as its new chief financial officer, the company announced Wednesday.
Mehta was most recently CFO of Komodo Health and held the same role at Anaplan and Nike Direct. He also worked in finance leadership roles at Walmart and Microsoft, and is a board member at Seattle logistics startup Flexe.
He’ll replace Hemanth Munipalli, who held the role since July 2022 and is leaving for family reasons. Metha will start Aug. 19.
Remitly’s revenue grew by 31% to $306.4 million in the second quarter, the company reported Wednesday, while net losses came in at $12.1 million, down from $18.9 million in the year ago period. Remitly shares were up more than 3% in after-hours trading.
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