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A

Amplo

Venture Capital

Portfolio

1

companies

By category

  • FinTech£5.9M

By location

  • London£5.9M

Portfolio companies

Atlantic Money

Atlantic Money

Atlantic Money provides low-cost international money transfers for retail customers.


Team

ST

Sheel Tyle

Founder and CEO


Recent investments

Seed
£2.5M

Amplo led the seed round as the cross-border money transfer provider opened its platform to all UK users.

"The previous generation of challengers like Revolut and Wise disrupted the banks, bringing better technology and lower fees. But they have since lost focus and abandoned the very product that made them great in a quest to build the next ‘super app’. We are disassembling this approach by being laser-focused on doing one thing better than anyone else – getting people’s money from one currency and country to another, as efficiently as possible. We are grateful to our current and new investors for their continued support and excited to provide our UK customers with a best-in-class customer experience and unmatched cost savings."
— Patrick Kavanagh, Co-Founder
Seed
$4.5M

The round was led by Amplo and Ribbit Capital to support the platform launch.

"Unlike our competitors, we are not subsidising costs associated with products and services that our customers have little interest in. It’s a simple pitch – with Atlantic Money all transfers up to £1,000,000 receive the live mid-market currency rate for a flat fixed-fee of £3, delivering savings of up to 99% versus all our competitors."
— Patrick Kavanagh, Co-Founder