Launched by Rohinhood alumni, Atlantic Money takes on Wise, PayPal after picking $4.5M funding — TFN

Atlantic Money, a UK-based money transfer provider, has emerged from stealth mode with a $4.5 million seed funding round. The round was led by Amplo and Ribbit Capital, with participation from Kleiner Perkins, Index Ventures, 20VC, Elefund, Day One Ventures, Susa Ventures, and prominent investors like Robinhood founders Vlad Tenev and Baiju Bhatt, and Webull founder Anquan Wang. Atlantic Money differentiates itself by offering a flat fixed fee of £3 for transfers up to £1,000,000, claiming savings of up to 99% compared to competitors. The company aims to provide a simple and efficient solution for individuals sending large amounts of money abroad.

Atlantic Money Raises $4.5 Million to Disrupt Money Transfers

Atlantic Money is a UK-based money transfer provider offering a streamlined and cost-effective solution for sending large amounts of money abroad, targeting individuals who regularly transfer funds back home. The company utilizes new technology to efficiently link global currencies, minimizing transaction costs and delivering a seamless customer experience.

A UK-based money transfer provider offering a streamlined and cost-effective solution for sending large amounts of money abroad.

3 years ago

Atlantic Money Raises $4.5 Million to Disrupt Money Transfers

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