Company Research Report: Crezco Limited
Company Overview
Name, Mission of the Company
- Name: Crezco Limited
- Mission: To make payments easy, leveraging open banking to solve customer problems and enable seamless financial services.
Founding Information
- Founded: 2020
- Founders: Ralph and Igor
Key People in the Company
- No information is available.
Headquarters
- Headquartered: 192 Campden Hill Road, London, England, W8 7TH
Number of Employees
- No information is available.
Revenue of the Company
- No information is available.
What is the Company Known For
- Known For: Crezco is known for providing instant, cardless, and frictionless payments through open banking. It specializes in B2B payments like invoice reconciliation, international payments, and fraud protection.
Products
What Products Do They Offer
- Payments Solutions:
- Bulk Payments
- International Payments
- Remote Payroll
- Instant Payments
- Recurring Payments
- Invoicing
- Split Payments
- Sentinel (Fraud Detection System)
- API for Developers
High-Level Description of the Product
- Bulk Payments: Streamline payments to multiple recipients in one click.
- International Payments: Secure cross-border payments without high fees.
- Remote Payroll: Simplified payroll for global workforces.
- Instant Payments: Generate and share payment links for immediate transactions.
- Recurring Payments: Automate the collection of regular payments.
- Invoicing: Attach payment links to invoices for faster reconciliation.
- Split Payments: Divide payments among various accounts, ideal for marketplaces.
- Sentinel: Machine learning-based fraud detection system.
- API: High-level API for integrating payment solutions.
Key Features of Each of the Products
- Bulk Payments:
- Single payment authentication for multiple transactions
- Integration with CSV files from popular accounting software
- Permissions for staff to manage and process payments
- International Payments:
- Supports 37 currencies and payments to 180 countries
- Direct account-to-account transfers without the need for external wallets
- Competitive foreign exchange rates
- Remote Payroll:
- Supports payrolls in 100+ countries and 70+ currencies
- Easy import and management of payroll data
- Instant reconciliation and error-free processing
- Instant Payments:
- Payment link generation and sharing
- Instant settlement and notifications
- No card fees or chargebacks
- Recurring Payments:
- Setup for subscriptions and standing orders
- No expiration dates or chargebacks
- Simplified setup and management
- Invoicing:
- Direct integration with accounting software
- Automated payment links in invoices
- Faster payment processing and improved cashflow
- Split Payments:
- Payment splits among multiple accounts
- Ideal for multi-party transactions like marketplaces
- Sentinel:
- Utilizes machine learning for fraud detection
- No additional setup or costs
- Offers real-time transaction monitoring and protection
- High-level API:
- Comprehensive bank integration
- Supports both UK and EU banks
- Seamless end-user onboarding and advanced fraud protection
Recent Developments
What Are the Recent Developments in the Company
- No information is available.
What Are the New Products Launched
- No information is available.
What Are the New Features Added to the Existing Products
- No information is available.
Any New Partnerships etc.
- No information is available.
Conclusion
Crezco Limited is an innovative company leveraging open banking to provide seamless and efficient payment solutions to businesses. Their diverse portfolio of products, from bulk payments to advanced API integrations, positions them as a formidable player in the financial services industry. They are committed to enhancing user experience and delivering exceptional value through technology-driven solutions.
