Atlantic Money is on a mission to bring equality to the global money transfer market. As Co-Founders Patrick & Neeraj researched the global FX market they discovered that big institutions move unlimited money around the world at effectively zero cost, securing the live exchange rate by working directly with one another. The progressive fees that retail customers are being charged by existing money transfer providers do not exist – in fact, the cost of sending money internationally is largely fixed per transaction, even when sending large amounts. Customers who have family or financial commitments abroad such as mortgages, credit cards, investments, tuition fees are all being charged unjustifiable fees by all the incumbents. Atlantic Money is putting an end to this. With a friction-free app, plus a technology platform that cuts out the middleman, it directly connects everyday customers to an institutional-grade currency transfer solution. Now, pricing previously reserved for the banks will be available to regular customers, making the cost of larger transfers with Atlantic Money unbeatable versus all other money transfer providers on the market. Atlantic Money is the only international money transfer provider to offer the live exchange rate and a flat fixed fee of £3 for transfers all the way up to £1,000,000.
Employees: 11-50
Total raised: $3M
Founded date: 2020
Investors 2
Date | Name | Website |
20.03.2022 | Index Vent... | indexventu... |
11.10.2022 | Day One Ve... | dayonevent... |
Funding Rounds 1
Date | Series | Amount | Investors | Deal News |
21.07.2022 | Seed | $3M | Amplo (Spr... | eu-startup... |
Mentions in press and media 6
Date | Title | Description | Source |
04.09.2023 | Revolution in the FinTech Arena: Disrupting the Norms of Int... | Key Takeaways: Disruptive fixed fee structure for international business transactions now available ... | eustartup.... |
09.02.2023 | Atlantic Money launches its cheap foreign exchange service a... | Fintech startup Atlantic Money is rolling out its international money transfer service to more marke... | techcrunch... |
25.07.2022 | CalPERS gives an early indication of what 2022 has in store ... | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign ... | fortune.co... |
21.07.2022 | Fintech startup Atlantic Money scores an additional €2.9 mil... | London-based Atlantic Money has just secured an additional €2.9 million as it launches its money tra... | eu-startup... |
21.07.2022 | Atlantic Money launches in UK with £2.5m raise for internati... | Fintech startup Atlantic Money today is launching its money transfer service in the UK and has raise... | uktech.new... |
09.03.2022 | Atlantic Money wants to challenge Wise with even cheaper int... | Meet Atlantic Money, a foreign exchange startup that plans to be cheaper than other foreign exchange... | techcrunch... |