About Atlantic Money
Atlantic Money is a company based in London (United Kingdom) founded in 2021 by Neeraj Baid and Patrick Kavanagh was acquired by Deel in November 2024.. Atlantic Money has raised $7.5 million across 2 funding rounds from investors including Deel, Kleiner Perkins and Ribbit Capital. Atlantic Money offers products and services including Money Transfer Service and Mobile App. Atlantic Money operates in a competitive market with competitors including Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, among others.
- Headquarter London, United Kingdom
- Founders Neeraj Baid, Patrick Kavanagh
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Atlantic Money Ltd
- Date of Incorporation 02 Dec, 2020
- Jurisdiction ALTRINCHAM, CHESHIRE, UNITED KINGDOM
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Products & Services of Atlantic Money
Atlantic Money offers a comprehensive portfolio of products and services, including Money Transfer Service and Mobile App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables low-cost international transfers with live rates and flat fees
App for managing and initiating cross-border money transfers
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $3.0M
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First Round
First Round
(09 Mar 2022)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Seed - Atlantic Money | Valuation | Amplo | |
| Mar, 2022 | Amount | Seed - Atlantic Money | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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African software startups are funded by Amplo venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Atlantic Money
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Atlantic Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Atlantic Money Comparisons
Competitors of Atlantic Money
Atlantic Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Remitly, Euronet Worldwide, Azimo, Xoom and BookMyForex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated via banking networks.
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Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via a digital banking channel.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via banking channels.
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Online foreign exchange and remittance services are facilitated in India.
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| domain | founded_year | HQ Location |
International money transfer service provider.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Atlantic Money
Frequently Asked Questions about Atlantic Money
When was Atlantic Money founded?
Atlantic Money was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Atlantic Money located?
Atlantic Money is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Atlantic Money a funded company?
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 09, 2022.
What does Atlantic Money do?
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.
Who are the top competitors of Atlantic Money?
Atlantic Money's top competitors include Azimo, Euronet Worldwide and NALA.
What products or services does Atlantic Money offer?
Atlantic Money offers Money Transfer Service and Mobile App.
Who are Atlantic Money's investors?
Atlantic Money has 14 investors. Key investors include Deel, Kleiner Perkins, Ribbit Capital, Amplo, and Nordstar.