Crezco raises $12m for B2B invoicing platform


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Crezco announces its achievement of reaching a major business milestone by securing funding and integrating its technology into the small business platform Xero.

The company has secured $12m for further growth purposes with its recent agreement with Xero. The agreement also initiated a technology partnership to integrate bill payment features.

Under Crezco’s account-to-account payments API, Xero will offer cloud-based on-platform bill payments to its clients using open banking.

The solution will allow it to manage, approve, and pay its bills securely using Xero’s platform. Crezco will use open banking to use account-to-account (A2A) payments to make this successful.

Furthermore, the agreement between Xero and Crezco is an opportunity for open banking to address SME payments successfully.

Read More: Crezco raises $12m for B2B invoicing platform

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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