Named Best Real-Time Payments Solution for Business
Leading business-to-business payments provider Crezco has been named Best Real-Time Payments Solution for Business at the 2022 PayTech awards.
Now in its fifth year, the awards recognise excellence and innovation in the use of IT in the finance and payments industry worldwide. Crezco aims to bring the convenience of business-to-consumer payments to the B2B space, providing free payments that settle instantly and integrating with the likes of Xero and QuickBooks to enable automatic reconciliation.
The win highlights how the company’s efforts are helping businesses to fast-track payments and move away from the burden of manually processed invoices, which the company estimates to account for 90% of all invoicing.
Ralph Rogge, co-founder and CEO of Crezco, said “Since launching in 2020 we have seen increasing demand for our solutions and support, highlighting the need for businesses to facilitate fast payments and automated reconciliation. This award win underlines that our customers and the market are responding to our approach, and we are delighted to be recognised by our peers for the work we have done to date. With the potential B2B payments space dwarfing that of consumers, we are well placed to grow significantly over the coming months and years.”
Crezco previously raised £3 million in a seed funding round, which is being used to continue the company’s international expansion and add to its product range.