Atlantic Xchange

What Atlantic Xchange does

Atlantic Xchange LLC is a US-based, privately held money transmitter and foreign currency exchange provider founded in 2016 in Dearborn, Michigan. The company operates two licensed retail branches — its headquarters at 5846 Schaefer Rd in Dearborn, MI and a Chicago branch at 2551 W Devon Ave — and holds money transmitter licenses in nine US states (MI, IL, NJ, TX, VA, MD, FL, NY, GA) under NMLS ID #1544045, with compliance programs covering COPPA and GLBA. Its product portfolio centers on person-to-person remittance, business-to-business and business-to-person transfers, SEPA transfers to European bank accounts, and foreign currency exchange spanning common to exotic currencies, supported by delivery methods including cash pickup, cash to account, cash to wallet, cash to mobile, and MPESA.

The business extends its geographic reach through an agent and partner network of banks, exchange houses, vetted retailers, and post offices that the company reports as covering 200,000+ locations across 96 countries, with stated focus on diaspora corridors in MENA, Africa, the Indian Subcontinent, and LATAM. Revenue is generated from transaction fees on money transfers and spreads on foreign currency exchange, with the company promoting the lowest fees and best exchange rates relative to peers and banks. A mobile application for iOS and Android is under development to add a self-serve digital channel alongside the existing branch-led and partner-led distribution. Atlantic Xchange is founder-led by Ghayath Habbab, has 11-50 employees, has not disclosed any external funding, acquisitions, or material management changes.

Name

Atlantic Xchange

Legal name

Atlantic Xchange LLC

Website

https://atlanticxchange.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Atlantic Xchange is a Dearborn, Michigan-based licensed money transmitter and foreign currency exchange provider serving individual consumers, travelers, and diaspora communities across MENA, Africa, the Indian Subcontinent, and LATAM through two US branches and a 96-country partner agent network.

Ownership category

akta.pro rank

Product category

Remittance and Currency Exchange Services

akta.pro primary industry

International Bill Pay & Cross-Border Airtime/Top-Up (FSAGAKAM)

akta.pro secondary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Money transfer services
• Foreign currency exchange
• Remittance services
• Cash pickup transfers
• Bill payment services

Headquarters

HQ city

Dearborn

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Money Transfer Fees: The company charges fees for money transfer services, emphasizing the lowest fees compared to other money transfer services. Transaction fees are collected at the point of transfer initiation at their physical locations.
2. Currency Exchange Spread: Atlantic Xchange buys and sells foreign currencies with competitive rates and lowest possible fees, generating revenue through the spread between buy and sell rates.
3. Cash Pickup and Delivery Services: Services include cash pickups, cash to account, cash to wallet, cash to mobile, and MPESA transfers, with fees associated with delivery type and destination.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Atlantic Xchange is a licensed money transmitter and foreign currency exchange provider that offers person-to-person and business-to-business money transfer services through cash pickup, cash to account, cash to wallet, cash to mobile, and MPESA delivery methods. The company also provides foreign currency exchange (common to exotic currencies), bill payments, and money orders through its physical branches in Michigan and Illinois and an extensive global partner network of banks, exchange houses, retailers, and post offices across 96 countries.

Product overview

Atlantic Xchange is a licensed money transmitter and foreign currency exchange provider offering a unified platform of financial remittance services. The core product portfolio includes money transfer services (person-to-person, business-to-business/person, and SEPA transfers) with multiple delivery methods such as cash pickup, cash to account, cash to wallet, cash to mobile, and MPESA. Complementary services include foreign currency exchange (from common to exotic currencies), bill payments, and money orders. A mobile application for iOS and Android is under development to expand digital access to all services. The company operates through physical branch locations in Michigan and Illinois, with a global network spanning over 200,000 locations across 96 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Money Transfer Services Licensed cross-border money transfer services including person-to-person remittances, business-to-business and business-to-person transfers, and SEPA transfers to European bank accounts. Supports multiple recipient delivery methods such as cash pickup, cash to account, cash to wallet, cash to mobile, and MPESA. Targets individual consumers and businesses transferring funds domestically and internationally.
• Foreign Currency Exchange Buy or sell foreign currencies ranging from common to exotic denominations with competitive exchange rates and low fees. Available at Atlantic Xchange branch locations in Dearborn, MI and Chicago, IL, serving individual consumers, travelers, and others needing physical currency exchange.
• Bill Payments Pay bills through Atlantic Xchange physical branch locations as part of the company's one-stop financial services offering for individual consumers and small businesses.
• Money Orders Purchase money orders at Atlantic Xchange branch locations, offered as part of the company's one-stop financial services for individual consumers.

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• BankscoreChannel Partner/ Reseller/ DistributorAtlantic Xchange is partnered with banks as part of their combined global network for money transfer and payment services. The bank partnerships enable customers to access Atlantic Xchange services through bank branches, extending the company's reach to over 200,000 locations across 96 countries.
• Exchange HousescoreChannel Partner/ Reseller/ DistributorPartnership with currency exchange houses to provide foreign currency exchange services and money transfer capabilities across the global network of over 200,000 locations in 96 countries.
• Vetted RetailerscoreChannel Partner/ Reseller/ DistributorAtlantic Xchange partners with vetted retailers as part of their agent network, enabling cash pickups and money transfer services at retail locations across 96 countries.
• Post OfficescoreChannel Partner/ Reseller/ DistributorPartnership with post offices to extend money transfer and payment service accessibility, leveraging post office infrastructure for broader geographic coverage in 96 countries.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• MoneyGram: Public US-headquartered money transfer operator with global agent and digital channels serving similar remittance and FX customers as Atlantic Xchange.
• Western Union: Global leader in cross-border P2P money transfer and FX with a 200+ country agent network, directly comparable to Atlantic Xchange's remittance and currency exchange model but at vastly larger scale.
• Xoom (a PayPal service): PayPal-owned digital remittance service offering P2P international transfers with cash pickup and bank deposit options, a competitive digital alternative for Atlantic Xchange's customers.

Direct peers

• Remitly: Digital-first cross-border remittance company focused on diaspora corridors with multi-delivery options (bank, cash pickup, mobile wallet), the closest digital-native comparable to Atlantic Xchange's P2P transfer business.
• Small World Money Transfer: Boutique remittance player focused on underserved corridors with a multi-country agent network, a peer in size and corridor specialization to Atlantic Xchange.
• WorldRemit: Mobile-based international money transfer company with mobile wallet, bank deposit, and cash pickup delivery options serving diaspora senders in similar corridors.
• Sigue Money Transfer: US-based licensed money transmitter operating agent branches across multiple states, a similarly sized brick-and-mortar remittance competitor to Atlantic Xchange in the US.
• Ria Money Transfer: Global remittance network (part of Euronet) with extensive agent footprint and competitive pricing, overlapping with Atlantic Xchange's branch- and agent-driven distribution model.
• Travelex Currency Services: Global foreign currency exchange specialist with retail branches and competitive FX rates, directly comparable to Atlantic Xchange's FX exchange service for travelers and consumers.
• Wise (TransferWise): Cross-border payments and multi-currency platform offering P2P, B2B, and SEPA transfers with transparent FX pricing, similar in cross-border rails and FX emphasis to Atlantic Xchange.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/atlanticxchange
• Facebookfacebook.com/atlanticxchange

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atlantic Xchange