Vikas Mehta has joined Remitly as their new CFO, leveraging his experience at companies such as PayPal, Microsoft, Walmart, Nike, Anaplan, and Komodo Health to assess the financial health of the digital remittance provider. He sees immense potential in the company’s mobile technology that simplifies cross-border money transfers for individuals in countries such as the Philippines, India, and El Salvador. Remitly, which operates in 170 countries and employs over 2,700 people, had a revenue of $306.4 million in the second quarter of 2021, a 31% increase year-over-year, and a net loss of $12.1 million. Mehta highlighted AI and technology investments as crucial for future growth opportunities at Remitly.
Other notable personnel changes in the Pacific Northwest tech industry include Soumya Tulloss joining Zillow Group as the senior vice president of agent sales. Tulloss, who was previously the chief revenue officer at Deliverr and also held roles at Twilio, PayPal, Deutsche Bank Securities, GoodData, and Google, brings her expertise in driving revenues and enhancing customer experiences to Zillow’s real estate software team. Additionally, Nigel Sharp has transitioned to an advisory role at Aquagga, a Tacoma-based startup working on PFAS-destroying devices. Bryan Humbarger has been appointed as the chief commercial officer at health tech startup Proprio and will focus on scaling the company’s surgical navigation platform.
In Seattle, Lāth Carlson, the former executive director of the Living Computers Museum + Labs, has been appointed as the new executive director and CEO of the National Nordic Museum. Vasudevan (Vasu) Sundarababu has been named the chief data and AI officer at Centific, a Seattle-area AI services company. Sundarababu brings his extensive experience from working at Capgemini, Synup, Movate, and FICO to his new role. Rose Kaz, a seasoned startups consultant and executive producer, has been appointed as the executive director of The Portland Metro Region Innovation Hub, aiming to support entrepreneurs in the Portland, Oregon area.
Mehta’s appointment as Remitly’s CFO reflects the company’s focus on growth through technology and AI investments. His experience working at various multinational companies will be beneficial in overseeing the financial operations of the digital remittance provider, as it continues to expand its reach and enhance its services for immigrants and families across the world. Additionally, the influx of new talent in key positions across multiple tech companies in the Pacific Northwest signifies a period of growth and innovation within the industry as various startups and established firms make strategic decisions regarding their leadership and executive teams to drive their businesses forward.
