Paying high fees for international money transfers is a problem every international business has to face. Yes, even with innovative fintechs, like Wise or Revolut, the costs do add up and become a burden. After all, nothing is for free. Is it?
However, the latest rising star in the UK fintech firmament, Atlantic Money, sees these things a little differently. Founded by Robinhood alumni Neeraj Baid and Patrick Kavanagh, and funded by a broad selection of big-name investors such as Amplo, Ribit, Index and Kleiner Perkins, the young startup has been offering international transactions at a fixed price of just £3 or €3 since 2022. So, basically nearly for free and without any hidden costs.
Atlantic Money is thus stepping on the toes of competitors like Wise. It’s no coincidence that the company is clearly positioning itself against the stock-listed transfer giant and has even developed its own comparison calculator that demonstrates the cost differences between the two services.
Neeraj Baid, CEO and Co-Founder of Atlantic Money, tells us more about their mission to provide the most simple and affordable solution for international money transfers.
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