Remitly Global, Inc. (NASDAQ:RELY) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET

Company Participants

Stephen Shulstein - Vice President, Investor Relations

Matt Oppenheimer - Co-Founder and Chief Executive Officer

Hemanth Munipalli - Chief Financial Officer

Conference Call Participants

Andrew Schmidt - Citi

Darrin Peller - Wolfe Research

Cris Kennedy - William Blair

Will Nance - Goldman Sachs

Matthew O'Neill - FT Partners

Operator

Good day and thank you for standing by. Welcome to the Remitly First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator instructions]

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Stephen Shulstein, Vice President, Investor Relations. Please go ahead.

Stephen Shulstein

Thank you. Good afternoon, and thank you for joining us for Remitly's first quarter 2023 earnings call. Joining me on the call today are Matt Oppenheimer, Co-Founder and Chief Executive Officer of Remitly; and Hemanth Munipalli, our Chief Financial Officer. Our results and additional management commentary are available in our earnings release and presentation slides, which can be found at ir.remitly.com.

Please note that this call will be simultaneously webcast on the investor relations website. Before we start, I would like to remind you that we'll be making forward-looking statements within the meaning of the Federal Securities Laws, including but not limited to statements regarding Remitly's future financial results and management's expectations and plans.

These statements are neither promises nor guarantees and involve risks and uncertainties that may cause actual results to vary materially from those presented here. You should not place any undue reliance on any forward-looking statements. Please refer to our earnings release and SEC filings for more information regarding the risk factors that may affect our results.

Any forward-looking statements made in this conference call, including responses to your questions, are based on current expectations as of today, and Remitly assumes no obligation to update or revise them, whether as a result of new developments or otherwise, except as required by law. The following presentation contains non-GAAP financial measures. For a reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP metric, please see our earnings release and the appendix to our earnings presentation, which are available on the IR website.

Now, I will turn the call over to Matt to begin.