A foreign exchange FinTech has become the fastest company to secure an EU licence, AltFi reports.
In Brief:
Atlantic Money is an FX FinTech that offers cross-border transfers at a fixed fee.
It began its product rollout in the UK a week ago.
The firm now has licensing from the FCA and the NBB (National Bank of Belgium) - the NBB licence was achieved within a year.
What does this mean?
Atlantic Money is now able to operate across 30 EU and EEA member states. It aims to rival Wise and Revolut with its flat fee structure.
