REMITLY GLOBAL INC (RELY)
Sector: Financials
Sector: Financials
REMITLY GLOBAL INC - Executive Compensation
Chief Legal and Corporate Affairs Officer
Executive Compensation
Saema Somalya serves as Chief Legal and Corporate Affairs Officer at Remitly Global Inc., a leading digital remittances company empowering immigrants worldwide. With over 20 years of experience in corporate law, regulatory compliance, and global affairs, Somalya joined Remitly in 2018 after holding senior legal roles at prominent tech firms including Amazon and Microsoft. A graduate of Harvard Law School and the University of California, Berkeley, she began her career at Wilson Sonsini Goodrich & Rosati, where she advised on high-stakes mergers, acquisitions, and IPOs for Silicon Valley startups. Her expertise in fintech regulation and cross-border transactions has been instrumental in navigating complex international landscapes. Under Somalya's leadership, Remitly has achieved significant milestones, including successful expansions into over 170 countries while maintaining robust compliance with anti-money laundering (AML) standards and data privacy laws like GDPR and CCPA. She spearheaded the company's response to evolving U.S. and EU regulatory frameworks, mitigating risks during rapid growth phases and facilitating key partnerships with financial institutions. Notable achievements include orchestrating Remitly's 2021 NASDAQ IPO, valued at over $7 billion, and establishing government relations programs that secured favorable policies in emerging markets. In her current role, Somalya oversees a global legal team of more than 50 professionals, managing litigation, intellectual property, corporate governance, and public policy initiatives. She plays a pivotal role in fostering ethical business practices and sustainability efforts, aligning Remitly's mission with stakeholder interests. Recognized as a "Top Women in Tech Law" by Silicon Valley Business Journal, Somalya continues to drive innovation in financial inclusion through proactive legal strategies.