In this episode, Matt Oppenheimer, Co-Founder and CEO of Remitly, shares how he took the company from 0 to 4.2 million customers and a multibillion-dollar IPO.
Matt's personal experiences, coupled with witnessing the struggles of his Kenyan friends who relied on outdated systems for sending money, fueled his determination to create a platform to transform money orders, saving immigrants millions and empowering them financially.
Specifically, Matt dives into:
- The inspiration behind addressing the challenges with international money transfers.
- Finding the right co-founders and acquiring early customers.
- Key strategies to acquire and retain a large, international user base.
- The process of building trust and credibility with customers.
- Prioritizing the right ideas to develop and work on.
- How to choose which international markets to expand to first.
- Remitly's top 3 challenges and how they are dealt with.
- One piece of unconventional advice that founders ignore, but shouldn't.
Learn more at https://tractionconf.io
Learn more about Remitly at https://www.remitly.com
This episode is brought to you by:
Each year the U.S. and Canadian governments provide more than $20 billion in R&D tax credits and innovation incentives to fund businesses. But the application process is cumbersome, prone to costly audits, and receiving the money can take as long as 16 months. Boast automates this process, enabling companies to get more money faster without the paperwork and audit risk. We don’t get paid until you do! Find out if you qualify today at https://Boast.AI
Launch Academy is one of the top global tech hubs for international entrepreneurs and a designated organization for Canada's Startup Visa. Since 2012, Launch has worked with more than 6,000 entrepreneurs from over 100 countries, of which 300 have grown their startups to seed and Series A stage and raised over $2 billion in funding. To learn more about Launch's programs or the Canadian Startup Visa, visit https://LaunchAcademy.ca
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