How did Matt Oppenheimer come up with the idea for Remitly?
As a young kid, Matt and his family traveled a lot. He had been to nearly 100 countries, where he got to see poverty and inequality, among other things. Fast-forward to his adulthood, while working for HBS in Kenya, Matt saw saw how remittances could elevate people from poverty and enable opportunities. Kenya was already using mobile phones to transform their financial landscape, and it made a lot of sense to make the concept available to the world. As smart phone adoption continued to grow, so did Remitly.