MMC leads $12 million Series A for Crezco

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23.11.23

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MMC leads $12 million Series A for Crezco

We’re delighted to have led the $12 million Series A round for Crezco alongside 13books Capital. Crezco is dedicated to simplifying the B2B payment process. The company leverages open banking to facilitate an account-to-account payments API, fundamentally altering how businesses manage their transactions. 

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Crezco was born to solve the SME payment problem, domestic and cross- border. Working with Xero has been a pleasure, they are equally focused on the user experience and this is just the start of our journey.There is so much more we can do together for the end users.

Ralph RoggeFounder and CEO, Crezco

Along with announcing the latest fundraise, Crezco also announced its partnership with Xero, the global small business platform with 3.7 million subscribers. It offers a simple and secure way to manage, approve and pay bills without leaving Xero, making Xero the first small business cloud accounting software in the UK to offer on-platform bill payments using open banking.

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The partnership between Xero and Crezco is a great opportunity for open banking to address SME payments in the UK and, over time, internationally. It’s a transformational moment for the company and we’re excited to be backing Ralph and the team at this critical point in their growth.

Oliver RichardsPartner, MMC

Read more on the story via FinTech Global.

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