Remitly's CEO sees big growth potential by fixing costly, slow cross-border payments with tech and AI.

Remitly's new CEO, Sebastian Gunningham, highlights that cross-border payments remain expensive and slow, creating a large underserved market ripe for disruption. The company is expanding beyond small remittances into larger transfers for real estate, tuition, and business payroll, tapping into growing freelancer and small business needs. AI is enhancing Remitly's product development speed, though consumer-facing AI tools are still early. While exploring stablecoins for dollar-based payments, regulatory uncertainty limits rapid adoption. Gunningham believes low cost, speed, and service will drive Remitly's growth amid rising competition.