Crezco
Payments made easy for SMEs
- 21-100 employees
- Fintech
- B2B
- Payments
- Financial Services
- Kensington, London, UK
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Company mission
To be creative, think intelligently, work as a team and employ the best technology to reduce trade frictions and help companies grow.
Our take
Open banking FinTech Crezco wants to make invoice payments as convenient and cheap as B2C card payments. Compared to typical software companies, FinTech hasn’t historically scaled at zero marginal cost, and platforms that process bills and invoices such as APIs don't have all the features required to support a company's payments workflow. Open banking solves this paradox.
Crezco provides accounting and payroll platforms that embed payments, allowing account-to-account bill collection without intermediaries taking a fee. It uses open banking rails across the UK and international markets to implement B2B payments such as invoices, making them as convenient as B2C card payments. This is all without the costs collected by companies like Visa and MasterCard.
Crezco is integrated into accountancy platforms Xero and QuickBooks as well as other leading B2B platforms for invoice payments. There is stiff competition in the payments industry from the likes of GoCardless and Stripe. Looking ahead the company plans to further expand its services to bring more value to its customers.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- You will receive equity in the business
- We support hybrid and remote working
- We will provide private health insurance
- You will receive 25 days of holiday plus bank holidays a year
- In addition to our team socials & meals, we do annual off-sites to build camaraderie!
- We offer pension contributions
- We offer a cycle to work scheme
Company values
- Customer Centric
- Collaborative
- Human
- Innovative
- Outcome Driven
Funding (2 rounds)
Nov 2023
$12m
SERIES A
Sep 2021
$3.9m
ANGEL
Total funding: $15.9m
This company has top investors
Leadership
Ralph Rogge
(CEO & Founder)Previously COO of YouLend with experience in finance at Allianz and Rogge Global Partners.