🏆 Deal of the Week · CW 30/2022
Atlantic Money raised USD 3 million in a Seed Round; valuation was not disclosed. The round drew participation from a notable mix of venture capital and angel investors across Europe and the United States. The deal was recognised as Deal of the Week for KW 30/2022.
Atlantic Money — key deal facts
| Company | Atlantic Money |
| Founded | 2021 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 3 Millions |
| Valuation | Valuation Remains Undisclosed |
| Round | Seed Round |
| Investors | Amplo (https://www.linkedin.com/company/amplovc/?lipi=urn%3Ali%3Apage%3Ad_flagship3_company_admin%3Bwtof1xeYRP6FhgpgU2u0yA%3D%3D) Nordstar (https://www.linkedin.com/company/nordstar/?lipi=urn%3Ali%3Apage%3Ad_flagship3_company_admin%3Bwtof1xeYRP6FhgpgU2u0yA%3D%3D) Martell Hardenberg (https://www.linkedin.com/in/ACoAAAdYMogBKF7BJ6R_W_LB-f6Uj-MoL73FFN4) Index Ventures (https://www.linkedin.com/company/index-ventures/) Ribbit Capital (https://www.linkedin.com/company/ribbit-capital/?lipi=urn%3Ali%3Apage%3Ad_flagship3_company_admin%3BgH1ds%2Fq8TsWJ%2F6AppiK2Dg%3D%3D) Kleiner Perkins. |
| Sectors | FinTech |
Who invested in Atlantic Money?
The Seed Round was backed by Amplo, Nordstar, Index Ventures, Ribbit Capital, and Kleiner Perkins, alongside angel investor Martell Hardenberg. The investor syndicate is particularly notable for combining specialist fintech funds — Ribbit Capital and Index Ventures — with early-stage generalist VCs and an individual operator-angel, reflecting broad conviction in the company's fee-disruption model at an early stage.
What does Atlantic Money do?
Atlantic Money is a London-headquartered fintech founded in 2021 that enables consumers to send money internationally at the live interbank exchange rate for a flat fee of £3 per transfer, with a maximum transfer size of £1 million. Its core product is the Atlantic Money App, which supports transfers across ten currencies including the US Dollar and the Euro. The company is authorised as a payment institution by the UK's Financial Conduct Authority and positions itself as a direct alternative to margin-based transfer services. Atlantic Money was subsequently acquired by Deel to strengthen that company's global payroll infrastructure.
Atlantic Money valuation & multiples
Frequently asked questions
How much did Atlantic Money raise in its Seed Round?
Atlantic Money raised USD 3 million in a Seed Round, recognised as Deal of the Week for KW 30/2022.
What is Atlantic Money's valuation?
Atlantic Money's valuation was not disclosed in connection with this Seed Round.
Who invested in Atlantic Money?
The Seed Round investors were Amplo, Nordstar, Index Ventures, Ribbit Capital, Kleiner Perkins, and angel investor Martell Hardenberg.
When was Atlantic Money founded and where is it based?
Atlantic Money was founded in 2021 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.