{"id":851780,"date":"2026-03-26T14:50:17","date_gmt":"2026-03-26T14:50:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/851780\/"},"modified":"2026-03-26T14:50:17","modified_gmt":"2026-03-26T14:50:17","slug":"interview-belmoney-ceo-bruno-pedras-on-brexit-fintech-the-bridge-reversing-relocation-costs","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/851780\/","title":{"rendered":"Interview: Belmoney CEO Bruno Pedras on Brexit fintech – the bridge reversing relocation costs"},"content":{"rendered":"


\n The high-stakes compliance burden of Brexit is pushing smaller fintechs to the brink of forced market exit but Bruno Pedras of Belmoney has a solution; image credit: Ivan Marc\/shutterstock<\/p>\n

According to some estimates, around 46% of UK financial firms have opened costly EU offices to survive post-Brexit. They have incurred an initial investment of\u00a0over \u00a3350,000\u00a0just to replace lost market access. Bruno Pedras, CEO of Belmoney says that this high-stakes compliance burden is pushing smaller fintechs to the brink of forced market exit or insolvency due to crippling capital requirements. He does however have a solution for firms that never fully committed to the expensive option of relocation<\/p>\n

Bruno Pedras, CEO, Belmoney, speaks with RBI editor Douglas Blakey<\/p>\n

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\n Instead, he advocates a strategic, tech-enabled workaround that has saved some firms over \u00a3500,000 and in the process, bypassed a year of licensing bureaucracy.\n<\/p>\n

\n Pedras has helped UK fintechs seamlessly expand back into the European Single Market. Specifically, he advocates the development of Remittance-as-a-Service (RaaS) and explains how this innovation acts as a regulatory \u201cplug-and-play\u201d bridge to the EU.\n<\/p>\n

Founded in 2013, Belmoney was created with the mission to transform international money transfers. From day one, it positioned itself as an innovative alternative to traditional banks, combining speed, competitive rates and a strong customer-centric approach. Licensed as a payment institution by the National Bank of Belgium, it began operations under PSD1, operating with security, transparency and full compliance in the European market.<\/p>\n

In 2017, the firm established a solid presence in Belgium, Luxembourg and France and in 2019 obtained a PSD2 licence, expanding its operations across all of the EU. Today, it is active in over 130 countries.<\/p>\n

The Belmoney Remittance as a service offering, says Pedras, enables firms to expand their payment services across Europe without tackling the regulatory maze or challenging technical headaches.<\/p>\n

\u201cRaaS empowers financial companies to launch branded remittance solutions across all 30 EEA countries without the need for their own licence.<\/p>\n

Belmoney\u2019s complete solution provides the regulatory, technological and operational infrastructure for firms to operate in Europe quickly, securely and in full compliance. So our clients focus on the customer experience-we handle the backend.\u201d<\/p>\n

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