2 years ago

Crezco Secures £9.6 Million to Revolutionize B2B Payments for SMEs

  • London-based fintech startup Crezco has raised £9.6 million in a funding round led by MMC Ventures and 13books Capital

  • The company offers account-to-account payment services and invoice processing through open banking, targeting business-to-business SMEs

  • Crezco will use the funding to expand its operations and extend its partnership with Xero, integrating its technology into Xero's platform to offer on-platform bill payments to customers in the UK.

      • ProblemTechnology

      "Small businesses struggle with manual bank transfers and paper invoices, making it difficult and time-consuming to manage payments."

      Solution

      "Crezco provides account-to-account (A2A) payment services and invoice processing through open banking, allowing businesses to automate payments and streamline their financial operations."

      Covered on