# ALT21

ALT21 is an Asset Manager based in London, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** 45 Eagle Street, London, WC1R 4FS, United Kingdom
- **Assets under management:** Undisclosed
- **Website:** www.alt21.com
- **LinkedIn:** https://www.linkedin.com/company/alt21

## Regulatory record

- **Reports private funds:** No

## About

Move, protect and grow business money across currencies. FCA and MFSA regulated FX, forwards and hedging open an account in minutes.

## Sectors

- FinTech
- Enterprise Software

## Offices

- Dublin, Ireland
- Coimbra, Portugal
- Gżira, Malta

## People

- Prit — Founder & CEO
- Kate — Chief of Staff & European CEO
- Chris — Head of Sales
- India Mills — Strategic Clients
- Toby — CFO
- Richard — Chairman

## Questions

### How does ALT21 make money on foreign-exchange transactions?

ALT21 earns revenue through the spread on currency conversions and hedging instruments. Unlike many banks, the firm discloses the spread to the client before every trade — the all-in cost, including the rate and the margin, is shown prior to confirmation. This transparency is central to the platform’s pitch against embedded bank margins, which it argues can average 0.2–0.5% for small and medium enterprises. (per firm website, 2026)

### What hedging instruments does ALT21 offer, and who can access them?

The platform makes forward contracts, FX options, and target-rate orders available directly through self-service. These instruments have historically been restricted to clients of private banking or large corporate treasury desks. ALT21 targets mid-market businesses and finance teams that need to manage real FX exposure but previously had to call a broker to price a forward. Expert support is available for complex or oversized strategies. (per firm website, 2026)

### How is ALT21 regulated across the UK and Europe?

ALT21 is authorized and dual-regulated in the UK and Europe. The UK entity, Alt 21 Limited, is regulated by the Financial Conduct Authority under both MiFID and the Payment Services Directive, with FRN 783837. Its European operations are conducted through ALT21 Europe Limited, which is regulated by the Malta Financial Services Authority. (per firm website, 2026)

### Who runs investment decisions at ALT21?

ALT21 is not an investment manager; it is a financial platform provider. Product and business strategy are set by founder and CEO Prit. The board includes operators who scaled and exited firms such as Brandwatch, Global Shares, and GETCO. There is no external fund or portfolio — ALT21 builds and operates the treasury infrastructure that businesses use to manage FX exposure, payments, and cash. (per firm website, 2026)

### What is ALT21’s relationship with other fintech investors or platforms?

The firm raised $21 million in funding to accelerate platform development and enter the European market, but it does not disclose specific backers publicly. Chairman Richard is the former owner of Global Shares, which was acquired by JPMorgan in 2022, and board member Andy serves as an Industry Partner at Motive Partners and Chairman of Wilshire. These relationships anchor a governance layer with institutional fintech experience. (per firm website, 2026)

## Related profiles

- [Knot](https://altss.com/profile/knot)
- [StoreCash](https://altss.com/profile/storecash)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/alt21

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology