Open an Account at Bilderlings Pay

Bilderlings Pay is a British fintech platform launched in December 2015 as part of Bilderlings GroupSIA. The founders are Latvian entrepreneurs Dennis Polakovs and Andreja Zakharovs, later with the participation of Aleksandrs Peshkovs in the management of the company. Since its launch, Bilderlings Pay quickly received the status of an electronic payment institution regulated by the Financial Conduct Authority (FCA) in the UK (license since May 2018).

Since 2016, the company launched the first version of its BilderPay service for online acquiring. In 2017, it officially became a member of SEPA and SWIFT, which allowed it to process international transfers in euros and other major currencies.

Bilderlings Services and Offers

Bilder offers a wide range of financial products for both businesses and individuals:

• Multi-currency accounts with a personal IBAN in the UK (GB-IBAN), supporting more than 30 currencies, including EUR, USD, GBP, CAD, JPY, etc.
• Internet banking with a user-friendly interface and a mobile application that supports payment templates, FaceID/TouchID and two-step authentication.
• SEPA and SWIFT, as well as Open Banking and TARGET-2 transfers.
• Issuing Mastercard (virtual and plastic) - business cards, integration with Apple Pay and Google Pay, with cashback and expense analytics.
• Payments and acquiring (merchant accounts) - quick launch in the e-commerce sector, including high-risk industries (games, forex, crypto), with individual limits and transparent reporting.
• Cryptoprocessing and escrow accounts — support for cryptocurrency transactions and secure storage of customer funds.
• Open Banking — the ability to accept instant payments from customers in Europe without chargebacks.

The service is also focused on companies with large turnovers: customer funds over €250 million are protected, and customer turnover in 2024 amounted to about €6 billion, and Klang's own turnover amounted to €17 million — this confirms the scale and reliability of the service.

Partners and clients

Bilder cooperates with the largest payment systems Visa and Mastercard, and is also integrated into the SEPA, SWIFT and Open Banking ecosystem. Partners are represented in more than 1,500 companies, including media buyers, fintech projects, e-commerce, logistics, crypto business and other industries.

Among its clients are enterprises from more than 180 countries, including industries with a high level of regulation. The company is actively expanding its markets: in 2024, it received financial regulation in the United States and entered the American market with its platform line.

Pros and cons of Bilderlings

Advantages:

• FCA license, strict regulatory framework and security of client funds (segregated accounts).
• Multicurrency, cross-currency transfers and personal IBAN.
• Fast account opening (for business clients - up to 1 day, for international companies ≈1 week).
• Support for complex businesses: mass payouts, crypto, high-risk verticals.
• User interface with Open Banking, spending analytics and mobile verification.

Limitations and disadvantages:

• A more complex and expensive opening procedure compared to TransferWise, Revolut, Monzo, etc.
• For international companies: high initial payments (from €1,000 for a documentary review and at least €100 per month) and additional substance and KYC requirements.
• Several jurisdictional restrictions (do not serve companies from a number of countries, such as North Korea, Iran, Zimbabwe, etc.).
• May require an interview and additional documentation, in particular when working with high-risk industries.

If you plan to open an account with Bilderlings, IT‑OFFSHORE will provide you with full support at all stages - from choosing the appropriate account type to successfully passing verification and launching the payment infrastructure. We will help you prepare documents, go through compliance procedures, establish contact with the service managers and ensure compliance with all regulatory requirements. With IT‑OFFSHORE you will receive a reliable, secure and fully operational payment solution via Bilder – with legal and technical support.