Atlantic Xchange
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.
- Company typePrivate
- Founded2016
- HeadquartersDearborn, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
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.
Atlantic Xchange firmographics
Firmographics- 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
Atlantic Xchange industry classification
Industry- 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
Where Atlantic Xchange is headquartered
LocationHeadquarters
- HQ city
- Dearborn
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Atlantic Xchange business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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.
- 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
Atlantic Xchange product offering
Product offeringCore 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.
Companies that use Atlantic Xchange
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Atlantic Xchange technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Atlantic Xchange partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- BankscoreAtlantic 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 HousescorePartnership 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 RetailerscoreAtlantic 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 OfficescorePartnership 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
Atlantic Xchange competitors and assessment
Company assessmentBroad 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
Atlantic Xchange social profiles
Digital presenceAtlantic Xchange compliance and trust
Trust signalCompliance6 records
Atlantic Xchange financial estimates
Financial estimateRevenue estimate
Valuation estimate
Atlantic Xchange leadership team
Management profileNumber of profiles
Profiles1 record
Atlantic Xchange funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Atlantic Xchange M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Atlantic Xchange
What does Atlantic Xchange do?
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.
Is Atlantic Xchange a public or private company?
Atlantic Xchange is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Atlantic Xchange founded?
Atlantic Xchange was founded in 2016. It employs 11 to 50 people.
Where is Atlantic Xchange based?
Atlantic Xchange is headquartered in Dearborn, United States, in the North America region.
How does Atlantic Xchange make money?
Three revenue lines are on record. Money Transfer Fees are the primary driver. The others are currency Exchange Spread and cash Pickup and Delivery Services.
Who are Atlantic Xchange's main competitors?
Broad incumbents on record are MoneyGram, Western Union and Xoom (a PayPal service). Direct peers are Remitly, Small World Money Transfer, WorldRemit, Sigue Money Transfer, Ria Money Transfer, Travelex Currency Services and Wise (TransferWise).
Does Atlantic Xchange have an API?
No public API is recorded for Atlantic Xchange.
What industry is Atlantic Xchange in?
Atlantic Xchange's product category is Remittance and Currency Exchange Services. Its primary akta.pro industry code is FSAGAKAM, International Bill Pay & Cross-Border Airtime/Top-Up, with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms.