Atlantic Money Inc.
| ISIN | 🆔 |
|---|---|
| Industry | Financial services |
| Founded 📆 | December 2020[1] |
| Founder 👔 | Neeraj Baid Patrick Kavanagh |
| Headquarters 🏙️ | London, England, UK |
Area served 🗺️ | |
Key people | Neeraj Baid (CEO) |
| Services | Money transfers, Remittance |
| Members | |
Number of employees | |
| 🌐 Website | atlantic |
| 📇 Address | |
| 📞 telephone | |
Atlantic Money is a London-headquartered financial technology company offering international money transfers through mobile apps.[2] The firm was founded in 2020[1] and officially launched in 2022 by two Americans, Patrick Kavanagh and Neeraj Baid, both early employees of the listed US financial services company Robinhood.[3]
Funding[edit]
Atlantic Money received seed funding of $7.5m in 2022 from venture capital firms including Kleiner Perkins, Index Ventures, Coinbase-backer Ribbit, and others.[2][4]
Service[edit]
Atlantic Money offers international money transfers for a flat fixed fee at the current exchange rate for transfers worth up to 1 million pounds sterling or euros.[3][5] The firm is regulated as an official payment institution by the Financial Conduct Authority (FCA) in the UK[6] and the National Bank of Belgium (NBB) in the EU.[7]
Activities[edit]
Atlantic Money has released mobile apps for both iOS[8] and Android[9] devices. The apps can be used across 29 European countries to send euros or pounds sterling into different foreign currencies.[10]
Complaint about Wise[edit]
In January 2023, Atlantic Money accused its competitor Wise of harming competition, alleging that Wise removed the cheaper challenger from its price comparison table and denied access to other price comparison sites.[11][12]
References[edit]
- ↑ 1.0 1.1 "Companies House". www.GOV.UK. 2 December 2020. Retrieved 6 January 2023.
- ↑ 2.0 2.1 Dillet, Romain (5 March 2022). "Atlantic Money wants to challenge Wise with even cheaper international money transfers". TechCrunch. Retrieved 5 January 2023.
- ↑ 3.0 3.1 O'Brien, Amy (9 March 2022). "Meet the ex-Robinhood employees who are now taking on Wise". Sifted. Retrieved 11 April 2023.
- ↑ "Launched by Robinhood alumni, Atlantic Money takes on Wise, PayPal after picking $4.5M funding". Tech Funding News. 9 March 2022. Retrieved 5 January 2023.
- ↑ Isaacs, Amelia (10 February 2023). "Atlantic Money completes EU launch of fx service". AltFi. Retrieved 11 April 2023.
- ↑ "Atlantic Money Ltd". Financial Conduct Authority. 18 February 2022. Retrieved 8 February 2022.
- ↑ "Payment institutions licensed in Belgium". National Bank of Belgium. 21 June 2022. Retrieved 8 February 2022.
- ↑ "Atlantic Money on iOS app store". iOS App Store.
- ↑ "Atlantic Money on Google play store". Google Play Store.
- ↑ Dillet, Romain (9 February 2023). "Atlantic Money launches its cheap foreign exchange service across Europe". TechCrunch. Retrieved 9 February 2023.
- ↑ Conchie, Charlie (27 January 2023). "Competition watchdog is asked to step in over pricing spat between Wise and Atlantic Money". City A.M. Retrieved 22 March 2023.
- ↑ Browne, Ryan (27 January 2023). "$6.6 billion fintech Wise accused by rival of harming competition". CNBC. Retrieved 7 February 2023.
External links[edit]
This article "Atlantic Money" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Atlantic Money. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- Digital currency exchanges
- Online remittance providers
- Foreign exchange companies
- Foreign exchange market
- Electronic funds transfer
- 2020 establishments in England
- Financial services companies established in 2020
- Online financial services companies of the United Kingdom
- Financial services companies of the United Kingdom
- Financial technology companies
