Crezco
Crezco is a London-based FCA-authorised fintech that provides an embedded Open Banking payments API, enabling accounting platforms such as Xero, QuickBooks, Sage, and iplicit to embed account-to-account bill payments, payroll, and receivables into their products for UK SMB and mid-market customers.
- Company typePrivate
- Founded2020
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Crezco does
Crezco Limited is a London-based fintech founded in 2020 that provides embedded payment infrastructure for accounting and business software platforms. Its core offering is an Open Banking-backed Payables API that lets partners embed account-to-account bill payments, payroll, expense disbursement, and receivables into their own products without obtaining their own payment licences. The platform connects to 99% of UK banks via Yapily and TrueLayer, routes bulk and international payments through regulated transit accounts at ClearBank, and uses Currency Cloud for FX and e-money issuance.
Crezco is authorised by the UK Financial Conduct Authority as an Electronic Money Institution (FRN 1027543) and registered with the Information Commissioner's Office (ZA782880), enabling it to provide Payment Initiation Services and Account Information Services to platforms as a regulated vendor. Its product surface includes Bill Payments, Payroll, Expenses, Accounts Payable, Accounts Receivable with Payment Links, International Payments (35+ currencies, 100+ countries), Card Payments for AP, and a Managed Bulk Payments flow for banks that do not support bulk PIS. Native integrations span Xero, QuickBooks, Sage, Quickfile, iplicit, and several smaller UK accounting and vertical SaaS platforms.
The company monetises through tiered monthly subscriptions (Send Plus, Premium, high-volume tiers of £50-£75/month+VAT, Collect Plus for unlimited receivables) and per-transaction fees, with platform partners retaining control over customer-facing pricing. End customers are primarily UK small businesses and mid-market companies using accounting software, served both directly via crezco.com and indirectly through platform partners.
Crezco firmographics
Firmographics- Name
- Crezco
- Legal name
- Crezco Limited
- Website
- https://crezco.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Crezco is a London-based FCA-authorised fintech that provides an embedded Open Banking payments API, enabling accounting platforms such as Xero, QuickBooks, Sage, and iplicit to embed account-to-account bill payments, payroll, and receivables into their products for UK SMB and mid-market customers.
- Ownership category
- akta.pro rank
Crezco industry classification
Industry- Product category
- Embedded Payments Infrastructure
- NAICS
- Credit Intermediation and Related Activities (522), Depository Credit Intermediation (5221)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industry
- Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)
Keywords
Where Crezco is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Crezco business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Subscription Plans: Tiered subscription model based on monthly bill volume. Send Plus Plan for less than 250 bills, Premium Plan for 250-500 bills, with fixed pricing for higher volumes. Annual billing offers 15% discount.
- Payment Processing Fees: Transaction-based fees for processing payments through the platform. Platform partners control and set payment fees for their customers.
- International Payment Services: Fees for international payments including currency exchange services, with competitive pricing for settling payments to over 100 countries in over 35 currencies.
- Collect Plus Plan: Subscription plan for businesses receiving unlimited payments, enabling multiple-use payment links and advanced receivables features.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Send Plus Plan - For businesses sending less than 250 bills per month |
| Subscription | Monthly | Premium Plan - For businesses sending 250 to 500 bills per month |
| Unit Pricing | Monthly | High Volume Tiers - For businesses sending 501+ bills per month |
| Subscription | Monthly | Collect Plus Plan - For businesses receiving unlimited payments |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels4 records
Crezco product offering
Product offeringCore offering
Crezco provides an embedded payments platform that enables software platforms — primarily UK accounting applications — to integrate account-to-account payment capabilities (bill payments, payroll, expenses, and payment links) directly into their products via API. Built on Open Banking infrastructure, Crezco connects to 99% of UK banks and supports domestic and international payments in 35+ currencies to 100+ countries, allowing platforms to offer payments under Crezco's FCA Authorised Electronic Money Institution licence without obtaining their own.
Product overview
Crezco offers an embedded payments platform focused on accounts payable and receivable automation. The core offering includes Bill Payments, Payroll, and Expenses products that enable platforms to automate payables via open banking and card payments. For receivables, the Payment Links product allows businesses to collect payments through shareable links and QR codes. International Payments extends global coverage to over 100 countries. The company provides both a direct-use platform and an API (Embedded/API) for platforms wanting to embed payment functionality. All products leverage Open Banking technology for secure, real-time account-to-account transactions.
Differentiator
Problem solved
Functional benefit
Products and services
- Bill Payments Enables platforms to pay suppliers via real-time and scheduled bank transfers or credit card payments. Automates approvals, reduces errors, and reconciles invoices with support for domestic and international suppliers, single and bulk payments. For accounting software platforms and the SMB and mid-market businesses using them.
- Payroll Allows users to automate payroll processing by importing payroll information from accounting software and paying employees in bulk from their bank with single authentication. Targeted at accounting platforms and SMB/mid-market businesses processing employee payments.
- Expenses Enables platforms to automate expense payment workflows, allowing users to process expense-related payments efficiently. For accounting platforms embedding expenses workflows for SMB and mid-market end customers.
- Accounts Receivable Payment link solution for receiving money straight to accounts instantly. Works with all major UK and EU banks, supports automatic reconciliation, advanced fraud protection, single payments, and standing orders. For businesses and platforms collecting payments from customers.
- Accounts Payable Bulk payment solution for paying all pending bills in one click. Supports importing bills from accounting software and processing pay runs with single bank authentication. For SMB and mid-market businesses running accounts payable workflows.
- International Payments Enables paying or receiving international payments directly to and from existing bank accounts without requiring an e-wallet or virtual IBAN. Supports settling payments to over 100 countries in over 35 currencies. For businesses with cross-border supplier or customer payment needs.
- Embedded/API
Quantifiable outcome
- 5+ hours saved per week for accounting/bookkeeping firms processing bill payments
- +1 more outcomes
Companies that use Crezco
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Crezco technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature7 records
Crezco partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- iplicitcoreiplicit partnered with Crezco to launch iplicitPay, the first mid-market accounting platform in the UK to embed complete accounts payable workflows with integrated payments. The feature enables bulk payments, scheduled payments, approval delegation, real-time transaction tracking, and automated reconciliation.
- XerocoreCrezco integrated its open banking API into Xero's platform, allowing UK small businesses to pay bills directly within the accounting software. The integration enables seamless cash flow management and automated reconciliation.
- QuickBookscoreIntegration with QuickBooks enabling businesses to add Crezco payment links directly to invoices with automatic reconciliation upon payment.
- SagecoreSage integration allowing Crezco users to process payments on Sage invoices. Integration requires reconfiguration every 90 days for optimal performance.
- ClearBankcoreClearBank provides e-money issuance and safeguarding services for Crezco's managed bulk payments and domestic payment wallet products. ClearBank is FCA authorized (FRN: 754568).
- Currency CloudcoreCurrency Cloud provides foreign exchange services and e-money issuance for Crezco's international payment products. Registered in England (No. 06323311), FCA authorized (FRN: 900199).
- YapilycoreOpen banking connectivity provider enabling Crezco to connect to UK banks via secure APIs.
- TrueLayercoreOpen banking connectivity provider enabling Crezco to connect to UK banks via secure APIs.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Crezco competitors and assessment
Company assessmentDirect peers
- Telleroo: UK-based B2B bill payment platform specifically built for accountants and SMBs, enabling bulk payments directly from accounting workflows. Direct overlap with Crezco's UK SMB accounts-payable use case and target audience.
- TrueLayer: Open Banking platform providing PIS/AIS APIs that Crezco also uses via Yapily. Competes with Crezco at the integration layer by offering payment initiation directly to platforms, while also serving as upstream infrastructure for Crezco.
- Modulr: UK-based FCA-authorised EMI providing embedded payments infrastructure (Payments-as-a-Service) for platforms and fintechs. Closest direct comparable to Crezco in the B2B embedded payments API space, with a similar regulatory model and partner-led distribution strategy.
- Yapily: Open Banking aggregator providing account-to-account payment initiation across European banks. Directly comparable infrastructure layer to Crezco's underlying connectivity, and a current Crezco vendor as well as a potential competitor for platform integrations.
- Currencycloud: FCA-authorised EMI providing FX and cross-border payments infrastructure to fintechs and platforms. Currently a partner of Crezco for international payments, but also a potential competitor in the embedded cross-border payments layer.
Emerging players
- Banked: Open Banking-based account-to-account payment platform offering payment links and pay-by-bank solutions. Comparable to Crezco in leveraging A2A rails for consumer and business payment flows.
- Token.io: Open Banking payment initiation provider enabling banks, merchants and platforms to initiate account-to-account payments. Overlaps with Crezco's underlying payment infrastructure and embedded payments thesis.
Broad incumbents
- GoCardless: UK-headquartered B2B payment infrastructure provider focused on direct debit and recurring payments for SMBs. Adjacent competitor in the UK SMB payment processing space, with broader product breadth and an established brand among accountants and SMBs.
- Stripe: Global payment infrastructure leader offering embedded payments capabilities through Stripe Connect and Stripe Treasury. A much larger incumbent that, with sufficient focus on the accounting/SaaS platform niche, could directly challenge Crezco's distribution.
- Wise: Global multi-currency cross-border payments platform at significantly larger scale. Operates in the same cross-border, multi-currency space as Crezco's international payments product, but with proprietary wallets/IBAN infrastructure and global licensing footprint.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Crezco social profiles
Digital presenceCrezco compliance and trust
Trust signalCompliance3 records
Crezco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crezco leadership team
Management profileNumber of profiles
Profiles2 records
Crezco funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crezco M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Crezco
What does Crezco do?
Crezco provides an embedded payments platform that enables software platforms — primarily UK accounting applications — to integrate account-to-account payment capabilities (bill payments, payroll, expenses, and payment links) directly into their products via API. Built on Open Banking infrastructure, Crezco connects to 99% of UK banks and supports domestic and international payments in 35+ currencies to 100+ countries, allowing platforms to offer payments under Crezco's FCA Authorised Electronic Money Institution licence without obtaining their own.
Is Crezco a public or private company?
Crezco is a private company. It is classified as venture growth investor backed and is currently operating.
When was Crezco founded?
Crezco was founded in 2020. It employs 11 to 50 people.
Where is Crezco based?
Crezco is headquartered in London, United Kingdom, in the Europe region.
How does Crezco make money?
Four revenue lines are on record. Subscription Plans are the primary driver. The others are payment Processing Fees, international Payment Services and collect Plus Plan.
Who are Crezco's main competitors?
Direct peers on record are Telleroo, TrueLayer, Modulr, Yapily and Currencycloud. Emerging players are Banked and Token.io. Broad incumbents are GoCardless, Stripe and Wise.
Does Crezco have an API?
Yes. Crezco provides a Payables API that enables platforms to embed payment functionality directly into their products. The API supports payment initiation services (PIS), open banking connections, and account-to-account (A2A) transactions for accounts payable workflows. Developers can access sandbox environments, customisable webhooks, fast information, and premium support. The API is documented at docs.crezco.com with version v2025-01-31. Developer documentation is at docs.crezco.com/reference/welcome.
What industry is Crezco in?
Crezco's product category is Embedded Payments Infrastructure. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of THALAHAE, Cross-Border Payments & FX (multi-currency wallets, DCC, remittance). Its NAICS code is 522 and its SIC code is 6199.