3 years ago

Atlantic Money Launches in UK with £2.5 Million Seed Funding

  • Atlantic Money, a fintech startup offering international money transfers with a flat fee and no FX mark-up, has launched in the UK and raised £2.5 million in seed funding led by Amplo

  • The company aims to disrupt traditional banking by providing a more transparent and cost-effective solution for international money transfers

  • Atlantic Money has received an FCA license and a payments license in Europe, allowing it to operate in both regions

  • The company plans to expand its services to EU residents in the coming months.

      • ProblemFinancial Services

      "Consumers face high fees and opaque exchange rates when making international money transfers."

      Solution

      "Atlantic Money offers international money transfers up to £1 million for a flat fee of £3 with no FX markup, leveraging direct relationships with financial institutions to secure the live exchange rate."

      Covered on