Bilderlings Pay
- Founded
- 2015-01-01 in United Kingdom (incorporated); Latvia (operational base)
- Headquarters
- United Kingdom (London)
Bilderlings Pay (trading as “Bilder”) is a UK-incorporated electronic money institution authorised by the Financial Conduct Authority (FCA). Founded in 2015, the company offers multi-currency accounts for individuals and businesses, cross-border payment services, prepaid cards with cashback, currency exchange, and savings products. Its platform supports transfers to more than 150 countries in 21 currencies, and the company reports having processed over 6.5 million payments and handled more than €6 billion in customer fund turnover, serving over 102,000 users. Bilderlings originally operated under a Latvian payment institution licence before transitioning to its UK FCA licence in 2016, consolidating European operations under a single regulatory framework. In 2025, the company posted a €3.7 million profit after a six-month audit, reinvesting it to increase share capital to €11.9 million in support of US expansion under a Money Services Business licence. The firm’s mobile-first approach integrates with Apple Pay and Google Pay, and its product suite includes a flexible API for payment integration and interest-bearing savings deposits in EUR and USD.
Detailed Review
Company History & Founding
Bilderlings Pay Limited was founded in 2015. The company began as a payment institution in Latvia, holding a licence from the Financial and Capital Market Commission. In September 2016, it obtained an electronic money institution licence from the UK Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 (FCA reference 900637). It subsequently withdrew its Latvian registration and merged European operations under the FCA licence, establishing support offices in Riga and Vilnius. In 2025, it reported a profit of €3.7 million and increased share capital to €11.9 million, partly to pursue a US Money Services Business licence.
Business Model & Products
Bilderlings generates revenue from transaction fees, currency exchange spreads, card programme fees, and savings product margins. Its core products include the Bilderlings Account – a multi-currency current account for individuals and businesses with international transfer and card issuance capabilities; the Bilderlings Business account with invoicing and payment processing; the Bilder App for iOS and Android offering account management, card controls, and Apple Pay/Google Pay integration; a Currency Exchange service with fees starting at 1.49 GBP per exchange; Savings Deposits in EUR and USD with annual interest up to 2.25%; a Card Programme with prepaid debit cards (virtual and physical) and guaranteed cashback; a Payment API for business integration supporting SEPA Instant, SWIFT, and real-time payments; and Money Transfer services executed in 21 currencies to over 150 countries.
Market Position & Metrics
Bilderlings serves over 102,000 registered users, has processed more than 6.5 million payments, and handled cumulative customer fund turnover exceeding €6 billion. Its target audience includes international businesses, freelance professionals, expatriates, and e-commerce merchants. The company competes with other multi-currency EMI providers and fintechs offering cross-border payment solutions, though specific competitors are not named in available sources.
Regulatory & Licensing
Bilderlings is authorised by the UK FCA as an electronic money institution (FRN 900637). It holds equivalent status in the EU via FCA passporting rights, having previously held a Latvian payment institution licence that is now withdrawn. The company is pursuing a US Money Services Business (MSB) licence to enter the American market.
Recent Developments
In February 2025, Aleksandrs Peškovs was appointed as Non-Executive Director and Chairman of the Board. During 2025, Bilderlings removed account opening fees for EU/UK businesses and all individuals, and announced plans to secure a US MSB licence, forming partnerships with corporate formation and business services providers. The 2025 annual report indicated continued platform development and international partnership expansion into 2026.
Key Products
Bilderlings Account
Multi-currency current account for individuals and businesses supporting international transfers, card issuance, and currency exchange.
Bilderlings Business
Dedicated business account with invoicing, payment processing, and multi-currency capabilities.
Bilder App
Mobile application for iOS and Android enabling account management, card controls, Apple Pay/Google Pay integration, and cashback tracking.
Currency Exchange
Buy/sell major currencies at competitive rates with a fee starting at 1.49 GBP per exchange.
Savings (Deposits)
Interest-bearing deposits in EUR and USD with terms up to 24 months; annual interest up to 2.25%.
Card Programme
Prepaid debit cards (virtual and physical) with guaranteed cashback on eligible transactions.
Payment API
Flexible API for business integration supporting SEPA Instant, SWIFT, and real-time payments without requiring deposits or rollover reserves.
Money Transfer
Cross-border payments executed in 21 currencies to more than 150 countries.
Key Persons
- Aleksandrs Peškovs
Non-Executive Director and Chairman of the Board