Tech Moves: Remitly names ex-Amazon exec CFO; Allen Institute for Cell Sciences announces new research directors
Summary
— Krish Srinivasan will become the new CFO for Remitly, the Seattle-based digital money transfer service, taking over for Andy Larson who will continue in another leadership position at the company. It also raised a $12 million credit facility from Silicon Valley Bank in September 2015 that it will use to scale its service and expand into new markets in this coming year. “Remitly is at the forefront of changing how money is transferred internationally, and the company’s mission to dramatically improve the cost, transparency and ease with which customers are able to do this is very near and dear to me,” Srinivasan said in a news release. In October 2015, Pyramid raised an additional $30 million in funding from Viola Private Equity and Sequoia Capital, which it has been using to expand its workforce, create stronger ties to partners, and to broaden its market in key areas. — Dr. David G. Armstrong will lead the newly-established Scientific Advisory Board for Sensoria Fitness, a Redmond-based company that designs wearable body sensing devices including smart clothes.
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