Crezco secures £9.6m Series A funding from MMC Ventures and 13books Capital to support growth
The Series A round was backed by MMC Ventures and 13books Capital to support the company as it integrates its payment technology with Xero.
Crezco is a financial technology company that utilises open banking to streamline business to business invoice and bill payments. Based in London, the firm aims to replace manual bank transfers with more convenient digital payment solutions.
London based fintech company Crezco has secured £9.6m in Series A funding to support its ongoing expansion. The investment round was backed by MMC Ventures and 13books Capital. The capital follows a significant technology partnership with accounting platform Xero, which has integrated Crezco to offer on platform bill payments via open banking for its British subscribers. The funding will enable the company to capitalise on growing demand for digital B2B payment solutions as small businesses move away from traditional manual transfer methods.
Investor perspective
"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 Richards
General Partner, MMC Ventures
