A Note From Our Founders
Hello and welcome to Atlantic Money!
We’re Patrick and Neeraj, the co-founders of Atlantic Money, and we’re incredibly excited to share what we’ve been working on.
We met in Silicon Valley as early employees of Robinhood where we initially worked on the core brokerage, then later on, crypto and international expansion. During that time, we had great exposure to customers just like you across the UK and Europe. So when we left Robinhood in late 2020, we hopped on a flight to London to figure out what we’d do next.
But along with the excitement of the expat lifestyle came a lot of additional admin – we found that managing our financial lives split across continents was not as easy as it should be, nor was it particularly cost-effective. In particular, we were hit with high, complex fees every time we sent money back home – even when using the fintech ‘challenger’ platforms that we assumed had disrupted the banks’ monopoly on the industry.
In talking with potential customers we heard the exact same thing. People are frustrated with paying high, unpredictable fees. With this, we were intrigued – we knew that the true underlying cost of sending money abroad is largely fixed per transaction, and that institutions convert funds at near-zero costs. Yet regular people are stuck paying escalating fees – the more you send, the more you pay. Nobody offers a simple, price-effective solution to regular people.
So, we built Atlantic Money: the money transfer service we needed, but couldn’t find.
We love the simplicity of our product. The fees are easy to understand – just £3, with 0% FX markup. The app is straightforward – no added features irrelevant to the core service, just a dead-simple money transfer solution. And most importantly, the fees are low – up to 99% cheaper than anyone else in the world.
We’ve been working on Atlantic in stealth for 18 months, having built an amazing global team across technology, operations, brand and compliance. Our team includes former employees of Wise, Tinkoff, Monzo, Amazon & Freetrade – all bringing their expertise to deliver one goal.
We’re also incredibly fortunate to have the backing of leading venture capitalists including Amplo VC, Ribbit Capital, Index Ventures, Kleiner Perkins, Harry Stebbings, Elefund, Day One Capital & the founders of Robinhood. With them joining us, we have the financial strength and stability to deliver a world-leading service.
We have now built, from scratch, a vertically-integrated tech and regulatory stack that links retail customers directly to the global FX markets. In doing so, we’ve removed layers of cost and margin from sending money internationally.
Instead of being treated like a ‘retail’ user, our customers benefit from institutional-grade pricing previously reserved for big banks. This means anyone can send up to £1,000,000 for a flat fee of just £3, at the true mid-market rate, with no FX margin – and in doing so they’ll save £100s, if not £1,000s, versus anyone else in our industry.
We look forward to offering more currencies and features that will benefit our customers, without diluting our product. We’re not building a financial superapp or a neobank with a random assortment of products and services – we’re interested in building standalone, focused products that are best-in-class. Global money transfer is just the first.
We can’t wait to share the app with all of you. Sign up and be one of the first to know when we’re ready.
Welcome to Atlantic Money – international money transfer, finally done right.
Atlantic invites customers to sign up on the website to try the product before anyone else.
Atlantic Money Ltd is authorised and regulated by the Financial Conduct Authority as a payment institution.
