Atlantic Money Revenue and Competitors

Atlantic Money is on a mission to bring equality to the global money transfer market. As Co-Founders Patrick & Neeraj researched the global FX market they discovered that big institutions move unlimited money around the world at effectively zero cost, securing the live exchange rate by working directly with one another. The progressive fees that retail customers are being charged by existing money transfer providers do not exist – in fact, the cost of sending money internationally is largely fixed per transaction, even when sending large amounts. Customers who have family or financial commitments abroad such as mortgages, credit cards, investments, tuition fees are all being charged unjustifiable fees by all the incumbents. Atlantic Money is putting an end to this. With a friction-free app, plus a technology platform that cuts out the middleman, it directly connects everyday customers to an institutional-grade currency transfer solution. Now, pricing previously reserved for the banks will be available to regular customers, making the cost of larger transfers with Atlantic Money unbeatable versus all other money transfer providers on the market. Atlantic Money is the only international money transfer provider to offer the live exchange rate and a flat fixed fee of £3 for transfers all the way up to £1,000,000.

keywords:fintech, money transfer service, remittance, startup