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Madrona backs WaFd Bank spinout developing consumer software for regional banks

GeekWire

(Archway Photo) Key Takeaways Archway , spun out of Washington Federal (WaFd), provides digital banking infrastructure to regional banks. The Seattle-area startup raised $15 million in a round co-led by WaFd Bank and Madrona Venture Group. The goal is to help community banks stay competitive with giants like J.P

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Report: Seattle digital remittance startup Remitly hires banks for IPO at around $5B valuation

GeekWire

The news: Seattle startup Remitly has hired investment banks to prepare for an initial public offering, according to Reuters. Remitly background: Founded in 2011, Remitly’s mobile technology lets people send and receive money across borders, including immigrants in the U.S. billion in July.

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Portland online banking service Simple shutting down ahead of parent company’s acquisition

GeekWire

Simple , the Portland-based online banking company with a presence in Seattle, is shutting down due to the sale of banking giant BBVA USA. Founded in New York in 2009 and moved to Portland in 2011, the company was one of Portland’s most prominent tech startups. (Simple Photo). — Josh Reich (@i2pi) January 7, 2021.

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Remitly files initial IPO paperwork as Seattle fintech company prepares to go public

GeekWire

The mobile remittance company said Wednesday it confidentially submitted a draft registration statement with the SEC for its proposed IPO. Reuters reported last month that Remitly had hired investment banks as it prepared to go public at a valuation of around $5 billion. Remitly CEO Matt Oppenheimer. Remitly Photo).

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What Kenya can teach its neighbors — and the US — about improving the lives of the “unbanked”

Vox

With cellphones in widespread use, getting everyone access to banking is within reach. She needs cash before she heads to the market, but the nearest bank would be several days’ walk. Welcome to the world of mobile money banking. In much of the world, people don’t live near banks or have bank accounts.

Banking 127
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Money transfer startup Remitly reveals financial results in preparation for upcoming IPO

GeekWire

Founded in 2011, Remitly’s mobile technology lets people send and receive money across borders, including immigrants in the U.S. Remitly CEO Matt Oppenheimer helped come up with the idea for Remitly while working for Barclays Bank in Kenya. Remitly’s last valuation was $1.5

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Another unicorn in Seattle: Digital remittance startup Remitly raises $85M at $1.5B valuation

GeekWire

Its mobile technology lets people send and receive money across borders, including immigrants in the U.S. Remitly has served more than three million customers to date and has thousands of bank and cash pickup partners. Earlier this year the company rolled out a new banking service for immigrants called Passbook. Remitly Photo).

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