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 |
| 21.07.2022 | Seed | $3M | Amplo (Spr... |
Mentions in press and media 6
| Date | Title | Description |
| 04.09.2023 | Revolution in the FinTech Arena: Disrupting the Norms of International Money Transfers | Key Takeaways: Disruptive fixed fee structure for international business transactions now available in 29 countries. Pioneering platform caters to transactions up to £1 million for an unprecedented flat fee of £3. Strategic move offers sign... |
| 09.02.2023 | Atlantic Money launches its cheap foreign exchange service across Europe | Fintech startup Atlantic Money is rolling out its international money transfer service to more markets and more platforms. The company originally started in the U.K. with GBP as the base currency and nine different currencies on the recipie... |
| 25.07.2022 | CalPERS gives an early indication of what 2022 has in store for pension funds | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Kevin Kelleher here, filling in this week while Jessica is on vacation. Paid Content How KPMG is ... |
| 21.07.2022 | Atlantic Money launches in UK with £2.5m raise for international cash transfers | Fintech startup Atlantic Money today is launching its money transfer service in the UK and has raised a further $3m (£2.5m) in seed funding led by Amplo. Atlantic Money lets users send up to £1m internationally for a flat fee of £3 and has ... |
| 21.07.2022 | Fintech startup Atlantic Money scores an additional €2.9 million to launch its money transfer service | London-based Atlantic Money has just secured an additional €2.9 million as it launches its money transfer service and plans international expansion. The fintech startup aims to make international transfers frictionless. Making international... |
| 09.03.2022 | Atlantic Money wants to challenge Wise with even cheaper international money transfers | Meet Atlantic Money, a foreign exchange startup that plans to be cheaper than other foreign exchange services. If that pitch sounds familiar, that’s because Wise, the company formerly known as TransferWise, originally appeared on the startu... |