David Scharf : Got it. Very helpful. Thanks so much.
Operator: Thank you. One moment for questions. Our next question comes from Tien-Tsin Huang with JPMorgan. You may proceed.
Tien-Tsin Huang : Hi, thanks so much. Good afternoon, everybody. I know you’ve covered a lot already. I just wanted to ask Matt on visibility, if you don’t mind, and if it’s changed here in the last 90 days is a lot of going on with the political world and pricing, competitive actions, regulation. Just curious if you feel like the visibility has changed in your mind?
Matt Oppenheimer : And Tien-Tsin, when you talk about visibility, you’re talking about forward-looking kind of yes, what do you mean?
Tien-Tsin Huang : Yeah, exactly visibility into the financial outlook in the short run as well as just the behavior on the consumer side, if anything surprised you? I know you’ve covered a lot of that already, but I just wanted to check on changes in visibility. Thank you.
Matt Oppenheimer : Thanks, Tien-Tsin. I think that one of the things that is unique about remittances and specifically Remitly and how we both manage the business and who our customers are, the non-discretionary nature of them sending money is a bit more predictability and resilience. We’ve seen that over the last decade of running the business. We’ve seen that in World Bank studies in the past. There’s a predictability, especially when you look at the business from a cohort view and a resilience, especially when you understand why funds are sent home, whether that’s emergency medical expenses, natural disasters. Sometimes when there’s tragedy, there’s actually a greater need for remittances. And we’ve seen that over quite a few cycles.
So I would come back to our customers and gratitude for them and that being the case that we have more predictability and visibility to our business. But that’s one of the reasons as we start thinking about and talking about ’24, we’re excited about what’s to come.
Operator: Thank you. One moment for our next question. Our next question comes from Daniel Krebs with Wolfe Research. You may proceed. Daniel Krebs, your line is now open. And, I would now like to turn the call back over to Matt Oppenheimer for any closing remarks.
Matt Oppenheimer : Thanks, operator, and thanks, everyone, for the thoughtful questions. As we always do at Remitly, I’d like to end the call by highlighting one of our amazing customers, whose name is Alexis and Alexis sends money from Australia to her family in the Philippines. And Alexis was one of the many new customers we added this year and reflects the increasing diversity of our corridor portfolio. And Alexis shared this app is awesome, try it, it is fast and easy. I love it. We thank Alexis for her loyalty to Remitly and appreciate her recommendation for others to try our service. Thanks, everybody, for joining us, and we appreciate your support. We’re excited about the opportunities ahead of us as we end the year. And we look forward to sharing more of our progress in 2024.
Operator: Thank you. This concludes today’s conference call. Thank you for participating. You may now disconnect.
