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Atlantic Money appoints Calum McWhir as COO

Atlantic Money COO
Image credit: Atlantic Money

Money transfer platform Atlantic Money has appointed its chief compliance officer and former Revolut manager Calum McWhir as chief operating officer (COO).

Documents submitted to Companies House show that Atlantic Money appointed McWhir as COO on the 1 October.

Before working at the London fintech, McWhir worked in compliance for Nude, Robinhood, Octopus Wealth and Freetrade.

Atlantic Money emerged from stealth in March and launched its service in the UK in July with an additional £2.5m in funding.

The platform lets customers send up to £1m abroad with no FX markup and a flat fee of £3.

Speaking on the launch, Patrick Kavanagh, co-founder, Atlantic Money said: “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’.”

Kavanagh and co-founder Neeraj Baid, both US expats, created Atlantic Money after paying hundreds of dollars in fees when sending money back home.

Atlantic Money was granted its Financial Conduct Authority (FCA) licence in June. A month later the fintech startup gained its payments licence in Europe, which means it can provide its service in the region.