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Remitly buys messaging provider to bolster customer relationships

The mobile remittance company wants to create an experience that combines payments and messaging.

Remitly, a mobile remittance service, this past week announced that it has acquired mobile messaging provider Talio. Remitly said in a press release that the acquisition brings Talio’s entire team, including founders, developers and engineers, into its ranks.

Remitly said it intends to use Talio's messaging service to better connect with its customers. 

"Sending money home to loved ones is an extremely personal gesture. We want to build mobile apps that create richer connections for our customers," Matt Oppenheimer, Remitly CEO, said in a statement. "Talio's deep expertise in innovative forms of mobile messaging — immersive images and video — was very attractive to us. Combining mobile payments with mobile messaging is uncharted territory in our industry — we want to create mobile connections that today nobody can imagine."

Talio founders Piragash Velummylum and Jordan Timmermann — both former Amazon employees — will join Remitly to continue new product development efforts at the company.

"We chose to join Remitly because Matt, Josh and the team have a record of working hard to get their product absolutely right so they can scale fast with a stronger customer-centric approach," Velummylum said. "We always invested in our product above all, and Remitly will give us a home to reach people all over the world and let them create amazing, colorful connections with people who care about them most."

With the acquisition, Talio's investors, including Richard Kiphart, principal of William Blair & Co.; Vulcan Capital;  Zillow CEO Spencer Rascoff; Seattle super angel Rudy Gadre; and former Expedia CEO Erik Blachford, among others, will become investors in Remitly.