About Atlantic Money
Atlantic Money is a Financial Services company based in London (United Kingdom) founded in 2021 by Neeraj Baid and Patrick Kavanagh, and was acquired by Deel in November 2024. Cross-border remittances are enabled online for individuals worldwide. Atlantic Money has raised $7.5 million across 2 funding rounds from investors including Deel, Kleiner Perkins and Ribbit Capital. Its website atlantic.money draws about 18 thousand monthly visits. Atlantic Money offers products and services including Money Transfer Service and Mobile App. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance. Its legal entity is ATLANTIC MONEY LTD.
Company details
Founded in 2021 and based in London, United Kingdom, Atlantic Money operates as a fintech platform focused on cross-border remittances for individuals. Users are required to input personal details, currency amounts, and recipient information before funds are transferred to the platform and deposited directly into bank accounts. The service is accessible via Android and iOS applications, supporting global money transfers.
- Headquarters London, United Kingdom
- Founders Neeraj Baid, Patrick Kavanagh
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website atlantic.money/gb/en
- Social LinkedIn X Facebook Instagram
- Acquired by Deel (Nov 2024)
- Legal Name Atlantic Money Ltd
- Date of Incorporation 02 Dec, 2020
- Jurisdiction ALTRINCHAM, CHESHIRE, UNITED KINGDOM
Products & Services of Atlantic Money
Atlantic Money offers a comprehensive portfolio of products and services, including Money Transfer Service and Mobile App.
Enables low-cost international transfers with live rates and flat fees
App for managing and initiating cross-border money transfers
Apps and channels of Atlantic Money
Atlantic Money publishes 1 mobile app with over 10K+ downloads.
Funding Insights of Atlantic Money
Atlantic Money has successfully raised a total of $7.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.5M
- Total Rounds 2
- Last Round Seed — $3M
- First Round $4.5M
(Mar 2022)
- Investors Count 13
All 2 funding rounds of Atlantic Money with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $3M | Seed | – | Amplo | |
| Mar 2022 | $4.5M | Seed | – | – |
14 investors in total: 10 institutional and 4 angel.
Investors in Atlantic Money
Atlantic Money has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Deel, Kleiner Perkins and Ribbit Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
African software startups are funded by Amplo venture capital firm. | 2017 | amplovc.com | Spring, United States | |
Venture capital investments in technology startups and entrepreneurs. | indexventures.com | |||
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States | |
Early-stage venture capital firm investing in and supporting technology startups | dayoneventures.com | San Francisco, United States | ||
Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors | susaventures.com | San Francisco, United States | ||
Venture capital firm focused on fintech, enterprise, and consumer sectors | elefund.com | Mountain View, United States | ||
Provider of business strategy consulting services | nordstar.com | London, United Kingdom | ||
Venture capital and media podcasts intersection. | thetwentyminutevc.com | |||
Cloud-based HRMS solutions are delivered for enterprise compliance and payroll. | 2019 | deel.com | San Francisco, United States |
Investor details for Atlantic Money
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Atlantic Money
4 people are tracked at Atlantic Money (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Neeraj Baid | Co-Founder | Leadership |
Patrick Kavanagh | Co-Founder | Leadership |
Anthony Verhelpen | Managing Director - EU | Leadership |
Ilya Fisiuk | Founding Designer | Team |
Complete people profiles for Atlantic Money
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Atlantic Money
4 dated milestones of Atlantic Money across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Atlantic Money is founded.
- Funding First funding round of $4.5M.
- Funding Latest funding round, Seed, of $3.0M.
- Exit Acquired by Deel.
Web traffic of Atlantic Money
The website of Atlantic Money (atlantic.money) receives about 18.3K visits a month.
- Monthly visits18.3K
▲ 80.5% vs previous month
Websites whose visitors overlap most with Atlantic Money. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| finovate.com | 100% | 89.5K | #461,099 | View details | |
| thepaypers.com | 100% | #291,072 | View details | ||
| tech.eu | 100% | 227.6K | #230,431 | View details | |
| finextra.com | 80% | 205.3K | #220,532 | View details |
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Frequently Asked Questions about Atlantic Money
Atlantic Money was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Atlantic Money is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Atlantic Money is a funded company, having raised a total of $7.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.5M, raised on Mar 2022.
Founded in 2021 and based in London, United Kingdom, Atlantic Money operates as a fintech platform focused on cross-border remittances for individuals. Users are required to input personal details, currency amounts, and recipient information before funds are transferred to the platform and deposited directly into bank accounts. The service is accessible via Android and iOS applications, supporting global money transfers.
Atlantic Money offers Money Transfer Service and Mobile App.
Atlantic Money has 14 investors. Key investors include Deel, Kleiner Perkins, Ribbit Capital, Amplo, and Nordstar.
Atlantic Money operates through Atlantic Money Ltd.
Yes. Atlantic Money was acquired by Deel in November 2024.
Yes. Atlantic Money publishes Atlantic Money, with over 10,000 downloads.