Crezco is a B2B payments API leveraging open banking to bypass the card schemes, such as Visa and Mastercard. We make bank transfers as convenient as card payments but without the fees.
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How did you come up with the idea for the company?
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Going to work every day, I would buy coffees in the morning via contactless card payments. It was a seamless checkout experience, but later in the day, I would have to pay invoices as a business owner, which was slow and full of pain points.
I wanted to make B2B payments as convenient as B2C payments, but without the costs. The introduction of PSD2 and open banking was the technological innovation we were waiting for.
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How has the company evolved during the pandemic?
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It hasn鈥檛 affected us much. We were very much in the R&D phase at the start of the pandemic.
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What can we hope to see from Crezco in the future?
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We believe open banking has years of technological improvements ahead. Each year it will reach new markets and offer new features. Crezco will leverage these developments to offer businesses clear value-add, saving time and money. In the short run, we are focusing on FX payments to complement our free domestic payment solution.
