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Neeraj Baid

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Neeraj Baid
Born (1995-11-27) November 27, 1995 (age 29)
Toronto, Canada
Education
Known for
SpouseShiho Baid (m. 2022)

Neeraj Baid is an Indian-Canadian entrepreneur and co-founder of the international money transfer service Atlantic Money.

Education and early life

Baid was born on November 27, 1995, in Toronto, Canada, later moving to the San Francisco Bay Area where he grew up.

In 2013, Baid graduated from The Harker School. While a junior at the school, he and Neel Bhoopalam founded the school’s TEDxHarkerSchool conference. In 2016, Baid graduated from the University of California, Berkeley, earning a B.S. in electrical engineering and computer science.

Career

Robinhood

In 2015, Baid joined Robinhood Markets as an engineering intern, later commencing full-time employment while completing his degree at Berkeley. Until 2020, Baid worked at Robinhood as an engineer and product manager and was responsible for launching Robinhood for Web, Robinhood Crypto, notably the addition of Dogecoin, and expanding to the UK, which included the company’s UK subsidiary receiving an FCA license to offer investments in 2019.

Atlantic Money

In 2020, Baid co-founded Atlantic Money with Patrick Kavanagh, another former Robinhood employee. Baid initially served as the company’s co-CEO, later transitioning to sole CEO following Kavanagh’s departure in 2023.

In 2022, Atlantic Money launched its services, providing international money transfers across 33 countries through its FCA-licensed subsidiary in the United Kingdom and NBB-licensed subsidiary in Belgium. The company charges a flat fee of £3 per transfer for amounts up to £1,000,000 and operates without adding a foreign exchange markup.

In March 2022, Baid together with Kavanagh raised $7.5 million in seed funding for the venture from backers including Index Ventures, Ribbit Capital, Kleiner Perkins, and the founders of Robinhood, Vlad Tenev and Baiju Bhatt.

In November 2024, Baid completed the sale of the Atlantic Money group to Deel, Inc.

Recognition

In 2024, Baid was included on the Forbes 30 Under 30, in the finance category.

References

  1. "Atlantic Money". Index Ventures. Retrieved 2024-12-13.
  2. ^ "Neeraj Baid". Forbes. Retrieved 2024-12-13.
  3. "Banking could face major job losses, Atlantic Money to challenge SWIFT, US regulatory approval for OakNorth". 11:FS. 2024-09-02. Retrieved 2024-12-13.
  4. "Students Cement their Harker Histories at Brick Ceremony". Harker News - The Harker School. 2013-06-24. Retrieved 2024-12-13.
  5. "TEDxHarkerSchool | TED". www.ted.com. Retrieved 2024-12-13.
  6. "TEDx Harker School Brings Inspiring Entrepreneurs to All-Student Audience". Harker News - The Harker School. 2011-11-01. Retrieved 2024-12-13.
  7. "Neeraj Baid". mind Fintech (in French). Retrieved 2024-12-13.
  8. "Neeraj Baid - Co Founder at Atlantic Money". THE ORG. Retrieved 2024-12-13.
  9. "Neeraj Baid & Patrick Kavanagh, Co-Founders at Atlantic Money". TechRound. 2022-08-02. Retrieved 2024-12-13.
  10. "What are stablecoins good for, other than enabling speculation?". American Banker. 2024-01-12. Retrieved 2024-12-13.
  11. "Ex-Robinhood employees launch money transfer fintech Atlantic Money". The Block. Retrieved 2024-12-13.
  12. "Robinhood U.K. Ltd". register.fca.org.uk. Retrieved 2024-12-13.
  13. Hogg, Ryan (October 21, 2024). "Robinhood launches margin trading in the U.K." Fortune Europe. Retrieved 2024-12-13.
  14. Asgari, Nikou; Smith, Ian (2024-10-04). "Robinhood to launch margin trading in UK expansion drive". Financial Times. Retrieved 2024-12-13.
  15. Dillet, Romain (2022-03-09). "Atlantic Money wants to challenge Wise with even cheaper international money transfers". TechCrunch. Retrieved 2024-12-13.
  16. "Atlantic Money introduces 'Portals,' challenging SWIFT". www.qorusglobal.com. Retrieved 2024-12-13.
  17. Bleach, Tom (2022-12-02). "Atlantic Money Launches Flat Fee Transfers in France, Italy and Spain". The Fintech Times. Retrieved 2024-12-13.
  18. Reynolds, John (2024-02-06). "Money transfer app Atlantic Money launches in US and Australia but admits user numbers are not "headline-grabbing"". Tech.eu. Retrieved 2024-12-13.
  19. "Atlantic Money Ltd". register.fca.org.uk. Retrieved 2024-12-13.
  20. "Etablissements de paiement agréés en Belgique". nbb.be. Retrieved 2024-12-13.
  21. O'Brien, Amy (March 9, 2022). "Meet the ex-Robinhood employees who are now taking on Wise". Sifted. Retrieved 2024-12-13.
  22. Conchie, Charlie (2022-03-09). "Money transfer fintech launches in London to take on Wise and PayPal". City AM. Retrieved 2024-12-13.
  23. Burroughs, Callum (25 April 2022). "Atlantic Money, a fintech founded by Robinhood alumni, aims to dominate the foreign exchange industry by undercutting the likes of Wise and Revolut". Business Insider. Retrieved 2024-12-13.
  24. "Atlantic Money is Joining Deel". Retrieved 2024-12-13.
  25. "Forbes 30 Under 30 2024: Finance". Forbes. Retrieved 2024-12-13.
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