British PayTech Atlantic Money (website) continues its European expansion. After launching in Germany at the end of August 2022, the startup is also active in Austria today. The FinTech startup from London offers international money transfers and wants to challenge competitors like Revolut, Wise, or PayPal with its flat fee of €3.
Following its expansion into Germany, announced at the end of August 2022, Atlantic Money is launching in Austria, marking the next step in its EU expansion.
Founder duo Neeraj Baid and Patrick Kavanagh worked at US online broker Robinhood in its early years. For their own startup, however, the founders describe cryptocurrencies as not a use case for now. After all, they are not currently able to map transfers at their cost of three euros.