Allison Gelman (for Ramsey El-Assal)'s questions to Remitly Global Inc (RELY) leadership • Q4 2024
Question
Allison Gelman, on behalf of Ramsey El-Assal, asked for Remitly's current perspective on the political environment concerning immigration, given the guidance explicitly excludes major regulatory changes.
Answer
CEO Matt Oppenheimer stated that the business has proven resilient to various macro-political shifts over the past decade, and he expressed confidence due to increasing diversification in customer profiles and use cases. CFO Vikas Mehta added that a significant majority of 2024 revenue came from customers acquired in prior periods, which provides durability and confidence in the 2025 guidance.