Crezco, a London, UK-based fintech company that uses open banking to make B2B invoice payments easy and secure, has secured $12m in Series A funding.
The round was led by MMC Ventures and 13Books Capital.
The company intends to use the funds to expand operations and its business reach.
Led by Ralph Rogge, Founder and CEO, Crezco makes domestic and international invoice payments easy, instant and secure for SMEs by leveraging open banking. Crezco has partnered with cloud-based accounting platform Xero and its solution will allow small businesses to securely manage, approve and pay their bills without leaving Xero’s platform.
Eligible UK Xero customers can register for the bill payments beta now, with the new feature being made available on 27 November 2023.
FinSMEs
23/11/2023