Atlantic Money is disrupting cross-border transfers with a fixed £3/€3 fee model. We interviewed CEO Neeraj Baid to understand how they’re challenging Wise, PayPal, and others in the fintech arena.
1. Can you introduce yourself and Atlantic Money?
I’m Neeraj Baid, co-founder and CEO of Atlantic Money. We launched in 2020 to bring transparency and fairness to international transfers by charging a fixed fee, no matter the amount.
2. What inspired the creation of Atlantic Money?
After Robinhood, Patrick and I saw how expensive and opaque cross-border payments were. Percentage fees unfairly penalize large transfers. We decided to fix that.
3. How does the £3/€3 fixed-fee model work?
You pay a flat £3 or €3 per transfer. That’s it. No FX markup. This model benefits people transferring larger amounts significantly more than percentage-based pricing.
4. What services does Atlantic Money offer?
- Cross-border transfers in 10+ currencies
- Flat fee pricing
- Web and mobile apps
- Portals (app-less transfers)
- Real-time status tracking
5. Who are your main competitors?
Wise, Revolut, and PayPal. We differentiate by focusing on price and simplicity. Our model is often 80–90% cheaper for high-value transfers.
6. How does Atlantic Money compare to Wise?
Wise charges a percentage, which grows with the amount. Our £3/€3 fixed fee stays the same. We’re ideal for people sending over £1,000.
7. Tell us more about “Portals.”
Portals let customers send money without downloading the app. It’s convenient for users on shared or low-storage devices, and great for business integrations.
8. What are your transaction volumes to date?
We’ve crossed £400 million in total transfers since launch, showing strong demand for our model.
9. What is your regulatory status?
We’re regulated by the FCA in the UK and operate in Europe through a licensed partner in Belgium.
10. Tell us about your funding.
We raised a €3.5 million seed round led by Amplo and Ribbit Capital, with backing from founders of Wise and Plaid.
11. How big is your team?
We’re a lean team of around 15, focusing on tech, compliance, and support. We automate where possible and scale responsibly.
12. Who is your ideal customer?
Individuals transferring £1,000+—people buying property, sending salaries, or supporting family abroad.
13. How do you secure competitive FX rates?
We access institutional FX liquidity and pass the real mid-market rate directly to customers. No margin added.
14. What’s unique about your tech?
We built our own FX engine, routing logic, and compliance stack. Real-time updates are built-in with webhook architecture.
15. Any plans to support business transfers?
Yes, business transfers are in development. We’ve received strong interest from SMEs and freelancers.
16. What’s your onboarding process?
Fast and digital, using tools like Onfido. Most verifications are done in under five minutes.
17. What feedback has shaped your product?
Users want fewer features but better clarity and performance. That’s why we launched Portals and prioritized web support.
18. What KPIs do you track?
Customer retention, average transfer size, and NPS (>70). We also track cost per acquisition tightly.
19. How do you educate users?
We publish comparisons with Wise and PayPal and offer transparency on fees. We believe informed users choose us.
20. What’s next for Atlantic Money?
We’re adding more currencies, business transfers, and expanding Portals. Our goal is to make cross-border money movement invisible, fast, and fair.
Competitor Comparison
| Provider | Pricing Model | Target Market | Key Strength |
|---|---|---|---|
| Atlantic Money | Flat fee (£3/€3) | UK + EU | Transparent and cheapest for high-value transfers |
| Wise | 0.4% average | Global | Transparent rates, global coverage |
| Revolut | Tiered FX access | Retail banking + FX | Multi-product ecosystem |
| PayPal | High markup + fixed fees | Global | Convenience and reach |
Related Searches
- Atlantic Money vs Wise 2025
- Fixed fee money transfer
- Neeraj Baid fintech
- Low cost international transfer
- Send £10,000 to Europe
FAQ
- Is Atlantic Money regulated?
- Yes, by the FCA in the UK and licensed partners in Europe.
- Do you support business transfers?
- Not yet, but it’s coming soon.
- Are FX rates mid-market?
- Yes, with no added markup.
- How long do transfers take?
- Usually same-day or next business day.
