Atlantic Cash set for launch in North America and Australia

Based by two early staff of Robinhood, Atlantic Cash moved out of stealth in March 2022 with a promise to tackle the likes of Clever with a less expensive providing for bigger worth transactions.

Atlantic Cash’s pitch is that the fastened proportion charges charged by Clever penalise prospects with progressive charges for prices that don’t exist. The corporate corrects the imbalance by providing the stay mid-market foreign money price and a flat fixed-fee of £3 for transfers as much as £1 million.

In Canada and Australia, the agency will function below its personal licence providing providers to people and companies. In the USA, Atlantic Cash is registered as a federal Cash Companies Enterprise with FinCEN and can provide its providers to companies below the sponsorship of a federally regulated US financial institution.

Co-founder and CEO Neeraj Baid feedback: “Working with the complete belief and confidence of our companions and regulators has all the time been central to our mission of serving prospects with dependable, safe fastened payment transfers. We’re excited to have gained these approvals so shortly, and are trying ahead to providing our providers in these new main areas.”

In 2022, Atlantic Cash obtained regulatory permission from the Monetary Conduct Authority and Belgium’s Nationwide Financial institution, enabling its fastened payment transfers throughout the UK and the EU.

Since then, the agency has facilitated over £300 million for companies and people, representing a 100% development in quantity previously 6 months.