In a bold move to redefine the remittance space, RemitJunction, an FCA-regulated remittance company headquartered in the UK, has launched its flagship Remittance-as-a-Service (RaaS) solution—aimed at enabling businesses to seamlessly launch or scale cross-border money transfer services without the usual infrastructural or regulatory bottlenecks.
Traditionally, launching a licensed remittance service from the UK has required substantial investment, time, and expertise—ranging from software development and regulatory licensing to compliance, security, and payout partnerships. For most businesses, these complexities delay go-to-market timelines and stifle growth.
RemitJunction’s new platform eliminates those hurdles.
By offering a turnkey solution that’s modular, secure, and highly adaptable, RemitJunction enables businesses to quickly integrate remittance capabilities tailored to their brand—without building infrastructure from scratch.
“Adding a remittance service that helps people speedily move money from the UK is not a day’s work. But it doesn’t have to take months or years,” the company states.
Built for Speed, Compliance, and Scale
The core infrastructure of RemitJunction’s RaaS platform supports:
- Customisable front-end interfaces that match the user experience and branding of client companies
- Direct backend access to a robust network of international payout partners—cutting out middlemen and FX markups
- Built-in compliance and regulatory tools, simplifying what is traditionally a legally complex process
- Seamless scalability for fintechs, banks, microfinance institutions, and remittance agents
With this setup, businesses can go to market in record time, confidently serve diaspora users, and offer competitive fees and speed.
Backed by Industry Experience
RemitJunction’s platform is built on more than a decade of experience from its parent company, FinCode, which has deep roots in financial technology and cross-border payments. This foundational expertise has been critical in shaping the platform to meet the evolving needs of the global remittance ecosystem.
A Platform for Businesses and Affiliates
While the platform is designed with enterprises and financial institutions in mind, RemitJunction also operates an affiliate model. This program enables individuals—particularly those with a significant social or business network—to offer money transfer services underpinned by RemitJunction’s infrastructure.
“We are actively seeking partners, agents, and affiliates who possess the customer base to drive transaction volumes,” said Lloyd Adiele, Founder of RemitJunction.
“Our focus is on helping these partners seamlessly integrate remittance services into their existing operations, providing them with a powerful infrastructure to serve their customer base and expand their reach. We are excited about the potential for high transaction volumes as more MSBs choose RemitJunction as a faster and more cost-effective route to market.”
A Timely Launch Amid Rising Demand
The launch comes at a time when demand for reliable, fast, and low-cost remittance services is surging—particularly among diaspora communities supporting family and investment needs back home.
With regulators tightening scrutiny and the market calling for innovation, RemitJunction’s RaaS model arrives at a critical juncture—one that could reshape how remittance services are built, deployed, and scaled globally.
