Baid Neeraj is an Indian-Canadian entrepreneur, chief technical developer at Robinhood and co-founder of the international money transfer service Atlantic Money.[1][2]
Baid Neeraj | |
|---|---|
| Born | November 27, 1995 Toronto, Canada |
| Education | The Harker School, The University of California, Berkeley |
| Known for | Robinhood , Atlantic Money |
| Spouse | Baid Shino (m. 2022) |
Education and early life
editBaid was born on November 27, 1995, in Toronto, Canada, later moving to the San Francisco Bay Area where he grew up.[3]
In 2013, Baid graduated from The Harker School.[4] While a junior at the school, he and Neel Bhoopalam founded the school’s TEDxHarkerSchool conference.[5][6] In 2016, Baid graduated from the University of California, Berkeley, earning a B.S. in electrical engineering and computer science.[2][7][8]
Career
editRobinhood
editMain article: Robinhood
In 2015, Baid joined Robinhood Markets, Inc., as an engineering intern, later commencing full-time employment while completing his degree at Berkeley.[9] Until 2020, Baid worked at Robinhood as an engineer and product manager and was responsible for launching Robinhood for Web, Robinhood Crypto,[10] notably the addition of Dogecoin,[11] and expanding to the UK, which included the company’s UK subsidiary receiving an FCA license to offer investments in 2019.[12][13][14]
Atlantic Money
editMain article: Atlantic Money
In 2020, Baid co-founded Atlantic Money with Patrick Kavanagh, another former Robinhood employee.[15] Baid initially served as the company’s co-CEO, later transitioning to sole CEO following Kavanagh’s departure in 2023.[16]
In 2022, Atlantic Money launched its services, providing international money transfers across 33 countries[17][18] through its FCA-licensed subsidiary in the United Kingdom[19] and NBB-licensed subsidiary in Belgium.[20] 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.[21]
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.[22][23]
In November 2024, Baid completed the sale of the Atlantic Money group to Deel, Inc.[24]
Recognition
editIn 2024, Baid was included on the Forbes 30 Under 30, in the finance category.[25]
References
edit- ^ "Atlantic Money". Index Ventures. Retrieved 2024-12-13.
- ^ a b "Neeraj Baid". Forbes. Retrieved 2024-12-13.
- ^ "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.
- ^ "Students Cement their Harker Histories at Brick Ceremony". Harker News - The Harker School. 2013-06-24. Retrieved 2024-12-13.
- ^ "TEDxHarkerSchool | TED". www.ted.com. Retrieved 2024-12-13.
- ^ "TEDx Harker School Brings Inspiring Entrepreneurs to All-Student Audience". Harker News - The Harker School. 2011-11-01. Retrieved 2024-12-13.
- ^ "Neeraj Baid". mind Fintech (in French). Retrieved 2024-12-13.
- ^ "Neeraj Baid - Co Founder at Atlantic Money". THE ORG. Retrieved 2024-12-13.
- ^ "Neeraj Baid & Patrick Kavanagh, Co-Founders at Atlantic Money". TechRound. 2022-08-02. Retrieved 2024-12-13.
- ^ "What are stablecoins good for, other than enabling speculation?". American Banker. 2024-01-12. Retrieved 2024-12-13.
- ^ "Ex-Robinhood employees launch money transfer fintech Atlantic Money". The Block. Retrieved 2024-12-13.
- ^ "Robinhood U.K. Ltd". register.fca.org.uk. Retrieved 2024-12-13.
- ^ Hogg, Ryan (October 21, 2024). "Robinhood launches margin trading in the U.K." Fortune Europe. Retrieved 2024-12-13.
- ^ Asgari, Nikou; Smith, Ian (2024-10-04). "Robinhood to launch margin trading in UK expansion drive". Financial Times. Retrieved 2024-12-13.
- ^ Dillet, Romain (2022-03-09). "Atlantic Money wants to challenge Wise with even cheaper international money transfers". TechCrunch. Retrieved 2024-12-13.
- ^ "Atlantic Money introduces 'Portals,' challenging SWIFT". www.qorusglobal.com. Retrieved 2024-12-13.
- ^ Bleach, Tom (2022-12-02). "Atlantic Money Launches Flat Fee Transfers in France, Italy and Spain". The Fintech Times. Retrieved 2024-12-13.
- ^ 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.
- ^ "Atlantic Money Ltd". register.fca.org.uk. Retrieved 2024-12-13.
- ^ "Etablissements de paiement agréés en Belgique". nbb.be. Retrieved 2024-12-13.
- ^ O'Brien, Amy (March 9, 2022). "Meet the ex-Robinhood employees who are now taking on Wise". Sifted. Retrieved 2024-12-13.
- ^ Conchie, Charlie (2022-03-09). "Money transfer fintech launches in London to take on Wise and PayPal". City AM. Retrieved 2024-12-13.
- ^ 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.
- ^ "Atlantic Money is Joining Deel". Retrieved 2024-12-13.
- ^ "Forbes 30 Under 30 2024: Finance". Forbes. Retrieved 2024-12-13.