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Remitly's 2020 included $85 million in new funding, a $1.5 billion valuation and a new bank account product designed for immigrants.
When Covid-19 hit, the Oakland high school freshman turned from video games to stock investing. Now he's tapping high-net-worth family friends to help struggling Bay Area businesses.
The bank, which said the agreement is not an admission of guilt or wrongdoing, said the spending will go toward further enhancing its internal controls and governance.
