London, United Kingdom
Atlantic Money has emerged as a disruptive player in the global money transfer market since its founding in 2020. With a noble mission to democratize international money transfers, the company is challenging the status quo by offering a unique proposition of moving money abroad at the live exchange rate for a flat fee of £3, applicable on transfers up to £1 million.
Co-Founders Patrick and Neeraj identified inequities in the global FX market, where institutions enjoy negligible costs, a benefit not extended to everyday users. Consequently, Atlantic Money developed an easy-to-use app and a robust platform that bypasses traditional middlemen, directly linking customers to an institutional-grade currency transfer solution. This innovation renders their cost structure distinctly competitive, particularly for larger transactions.
Headquartered in the United Kingdom and operating in the Fintech and Payments industries, Atlantic Money recently secured acquisition investment from Deel as of 01 November 2024. This strategic partnership positions the company for sustained growth and greater market penetration.
CurrencyFair
