# Crezco

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crezco

- Industry: Software
- Headquarters: London, UK
- Website: www.crezco.com
- Total disclosed funding: $4M
- Latest round: Seed (Sep 26, 2021)
- Investors on record: 1

## About

Crezco Ltd., based in the UK, is a software platform specializing in embedded payments APIs that enable seamless, secure account-to-account payment solutions for businesses across various sectors.Crezco Ltd. was founded in 2020 in London, UK, to provide advanced payment solutions tailored for businesses. The company was co-founded by Igor Pikovsky and Ralph Rogge, who has prior experience in the technology sector. In September 2021, Crezco raised GBP 2.94 million in a Seed round from new investor UFP Fintech, along with contributions from individual investors, which supports their total amount raised of GBP 9.60 million and a current valuation of GBP 10.865 million.Crezco provides an embedded payments API that facilitates fast, secure, and account-to-account payments for businesses. Their core offerings include bulk payment capabilities for settling pending invoices, international payment transfers without hidden fees, and payroll solutions that enable companies to pay their global workforce efficiently. The API allows businesses to generate payment links for immediate transactions, streamline invoicing directly from accounting software, and split payments across multiple accounts, making it particularly beneficial for marketplaces. Crezco serves a diverse clientele, including businesses in sectors such as accounting, education, and charity, primarily targeting markets in the UK and the European Union.Crezco generates revenue through transaction fees associated with its payment services, focusing on B2B and direct-to-consumer models. Businesses utilizing their API can integrate payment functionalities seamlessly into their existing systems, enhancing transaction efficiency. The pricing structure typically involves businesses paying a nominal fee per transaction, applicable for domestic and international payments, as well as any bulk payment features. The company's pricing plans are designed to offer value, particularly for recurring payments and invoicing solutions, ensuring that clients can manage their payment processes with minimal friction. Flagship services revolve around their advanced fraud protection and seamless integration, essential for maintaining client trust and satisfaction within the payments ecosystem.In September 2021, Crezco Ltd. raised GBP 2.94 million in Seed funding to enhance its growth strategy. The funding will be utilized to expand the team, continue international expansion, and develop additional value-added products that complement their free payment solution for domestic payments. The company plans to target new markets, focusing on broader engagement within the European Union and possibly exploring opportunities in other regions by 2023.

## Funding rounds

- Seed, Sep 26, 2021, $4M — SystemaNova

## Investors

- SystemaNova (https://capitalatlas.ai/funds/systemanova) — Seed