Deel acquires Atlantic Money to strengthen payment infrastructure

By Gloria Methri

Atlantic Money, a FinTech startup specialising in international money transfers, has been acquired by Deel, the global payroll and HR platform. The acquisition aligns Atlantic Money’s innovative approach to financial services with Deel’s mission to simplify global business operations, including secure and seamless international payments.

Since its inception, Atlantic Money has aimed to deliver affordable money transfer solutions for individuals and companies. In just two years, the company has facilitated the transfer of over half a billion pounds for more than 10,000 global customers, saving them millions in fees compared to other market players.

Atlantic Money’s journey, marked by rapid growth and innovation, now enters a new chapter under Deel’s ownership. This collaboration will enable the integration of Atlantic Money’s cost-efficient financial services with Deel’s comprehensive platform, enhancing the financial ecosystem for businesses operating globally.

Through this partnership, Atlantic Money’s team will work alongside Deel’s experts to share insights and develop advanced technologies. Together, they aim to benefit companies managing international workforces by improving global payment solutions. For Atlantic Money’s existing customers, all accounts, transfers, and security measures will remain unaffected by the transition.

Deel’s broader mission to make managing a global business as seamless as running a local one now includes leveraging Atlantic Money’s expertise in international money transfers. The combined efforts of both companies are set to drive innovation and simplify financial operations for global businesses.

Atlantic Money’s Co-founder and CEO, Neeraj Baid, expressed enthusiasm for this next phase, highlighting the potential for the teams to create impactful solutions together.