# Atlantic Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/atlantic-money

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.atlantic.money
- Total disclosed funding: $12M
- Latest round: Seed (Jul 21, 2022)
- Investors on record: 9

## About

Founded in 2020 and based in London, UK, by Neeraj Baid and Patrick Kavanagh, Atlantic Money Ltd is a technology-based finance company offering a platform to transfer money. In March 2022, Atlantic Money Ltd raised USD 4.5 million in seed funding co-led by returning investors Amplo and Ribbit Capital, with participation from other returning investors Kleiner Perkins, Index Ventures, Elefund, and Day One Ventures. The company team consists of the fintech companies that include Amazon, Robinhood, Wise, and many others.


The company offers a financial application that is designed in such a way so that it connects the customers directly to an institutional-grade currency transfer solution without any middlemen allowing them to send money abroad. The firm also provides financial commitments abroad like mortgages, investments, or tuition fees, enabling clients to get a good foreign exchange rate. Apart from all these firm allows its customers to send money from the UK in GBP into 9 currencies including USD, EUR, AUD, CAD, SEK, NOK, DKK, PLN, and CZK.


The company earns its revenue by charging a fixed fee of EURO 3 for sending all the up to EURO 1,000,000.

## Funding rounds

- Seed, Jul 21, 2022, $3M — Amplo, Nordstar
- Seed, Mar 9, 2022, $4.5M — Index Ventures, Kleiner Perkins, Ribbit Capital, Susa Ventures, Elefund, Amplo, Day One Ventures, 20VC
- Seed, Jun 1, 2021, $5M — Index Ventures, Kleiner Perkins, Ribbit Capital, Elefund, Amplo, Day One Ventures

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Seed
- Elefund (https://capitalatlas.ai/funds/elefund) — Seed
- Amplo (https://capitalatlas.ai/funds/amplo) — Seed
- Day One Ventures (https://capitalatlas.ai/funds/day-one-ventures) — Seed
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed
- 20VC (https://capitalatlas.ai/funds/20vc) — Seed
- Nordstar (https://capitalatlas.ai/funds/nordstar) — Seed