How Crezco is Revolutionizing Business Bill Payments
For B2C platforms, integrating payment APIs is a necessity—especially for credit card transactions. But when it comes to handling invoices and recurring bills, most payment solutions fall short. Enter Crezco, a fintech startup designed to streamline account-to-account (A2A) payments for businesses.
The Problem with Traditional Payment APIs
Many payment APIs lack the flexibility to manage complex billing workflows, forcing businesses to invest time and resources in manual processes. Ralph Rogge, founder of Crezco and former YouLend executive, recognized this gap:
“Invoice payments remain a pain point for small businesses compared to seamless consumer card transactions. Companies should focus on growth—not payment logistics.”
How Crezco Solves the Challenge
Crezco’s platform offers:
- Direct A2A Payments: Eliminates intermediaries like card networks, reducing costs and delays.
- Automated Reconciliation: Syncs with accounting software (e.g., Xero) for real-time tracking.
- Recurring & Split Payments: Supports subscription models and multi-account distributions.
- Fraud Prevention: Leverages open banking data to analyze 10+ years of transaction history.
- Global Reach: Facilitates cross-border payments with instant notifications.
Competitive Edge in a Crowded Market
While compe*****s like Wise, Plaid, and Intuit dominate the space, Crezco differentiates itself through:
- Deep Fraud Analytics: Uses open banking insights for stronger risk assessment.
- Seamless Integrations: Partners with accounting platforms to embed payments effortlessly.
- Cost Efficiency: Avoids card network fees with A2A transactions.
Growth and Funding Momentum
Crezco recently secured $12M in Series A funding (total raised: $18M) from MMC Ventures and 13books. The capital will fuel:
- Product development for A2A payments
- Team expansion (25 → 45 employees)
- International payment rail integrations
Rogge highlights key industry tailwinds:
“Electronic invoicing, global accounting software adoption, and open banking trends are accelerating A2A payments.”
With 10,000+ active customers and a new partnership replacing Wise on Xero’s platform, Crezco is poised to redefine B2B payments—making them faster, cheaper, and more secure.
Image Credits: Crezco
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