United Kingdom · Payments & e-money
Crezco Limited
Crezco Limited is a private limited company registered in England and Wales, with its office in London. Since 28 January 2026 the Financial Conduct Authority (FCA) has authorised it as an electronic money institution. Before that it was authorised as a payment institution. MMC Ventures Limited holds more than 25% but not more than 50% of its shares, according to Companies House. The firm sells an embedded payments API to software platforms such as Xero and iplicit. Through it, UK businesses pay suppliers by open banking, in bulk, by card and abroad. Its international and foreign exchange payments are provided by The Currency Cloud Limited, which issues the e-money and safeguards the funds.
Licences and registrations
Held by Crezco Limited (LEI 254900RR8GEZCFQVD339). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 1027543 | United Kingdom | Active | 2026-01-28 | — |
|
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| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 925173 | United Kingdom | Cancelled - Authorised PI | — | Ended 2026-01-28 |
|
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- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- CRZCGB22XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of CRZCGB22 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2022-09-03
- Last updated
- 2022-09-03
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Venture-backed
Firm type
Payment infrastructure
Trades as Crezco
- Standing
- On 28 January 2026 the FCA authorised the firm as an electronic money institution (FRN 1027543). On the same date its earlier authorisation as a payment institution (FRN 925173) was cancelled. On 25 June 2026 the registered office moved from 192 Campden Hill Road to 123 Buckingham Palace Road, London.
- Ownership
- MMC Ventures Limited holds more than 25% but not more than 50% of the shares and voting rights, and founder Ralph Rogge is registered as having significant influence or control.
- Major shareholder
- MMC Ventures Limited
- Head office
- 123 Buckingham Palace Rd, SW1W 9SH London, United Kingdom
- Company register
- Companies House 11752182
- Incorporated
- 7 Jan 2019
- Founder
- Ralph Rogge
Online
- Websites & references
- crezco.com ↗
docs.crezco.com ↗ developer documentation
support.crezco.com ↗ help centre
app.crezco.com ↗ customer web application - Official social accounts
- LinkedIn ↗
Sources · 15 pages consulted
- crezco.com/terms-and-conditions
- crezco.com/about
- support.crezco.com/faqs
- find-and-update.company-information.service.gov.uk/company/11752182
- find-and-update.company-information.service.gov.uk/company/11752182/officers
- find-and-update.company-information.service.gov.uk/company/11752182/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/11752182/filing-history
- find-and-update.company-information.service.gov.uk/company/11752182/filing-history/MzQ4MjUxNDY2N2FkaXF6a2N4/document?format=pdf&download=0
- register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx
- lei.bloomberg.com/leis/view/254900RR8GEZCFQVD339
- xero.com/uk/accounting-software/bill-payments-faqs/
- financialit.net/news/fundraising-news/uk-sme-payments-fintech-crezco-raises-12m-announces-its-technology-
- thepaypers.com/fintech/news/crezco-raises-usd-12m-in-series-a-funding-and-partners-with-xero
- thepaypers.com/payments/news/iplicit-and-crezco-partner-to-launch-embedded-payments-for-uk-mid-market
- ffnews.com/news/free-b2b-payment-processor-crezco-announces-3m-seed-fundraise
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- The Currency Cloud Limited, United Kingdom provides the firm's foreign exchange services and issues the e-money for its international payments
The FCA authorises the firm as an electronic money institution (FRN 1027543), which covers its payment initiation, account information and e-money services in the UK. For cross-border and foreign exchange payments, The Currency Cloud Limited issues the e-money and provides the regulated payment services, under its own FCA authorisation as an electronic money institution (FRN 900199).
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 1027543 | In its own name | Active | crezco.com ↗ |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 925173 | In its own name | Withdrawn or expired | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm says it does not hold funds for domestic open banking payments. For UK bulk payments through a transit account, it says ClearBank Limited holds customer funds in safeguarded accounts. For cross-border payments, it says The Currency Cloud Limited holds them in safeguarding accounts at UK and EU banks.
- Safeguarding bank · Partner
- The Currency Cloud Limited United Kingdom
- Safeguarding bank · Partner
- ClearBank Limited United Kingdom
- Payment schemes and card networks
- Faster Payments Access not stated xero.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It provides an API through which accounting and other business software platforms embed supplier payments for UK businesses. These include open banking payments, bulk payments through a transit account, card-funded bill payments and international payments.
It serves UK businesses under its UK authorisation. Its international service pays suppliers abroad in their local currency through The Currency Cloud Limited.
- Sells to
- Platforms and marketplaces · Small businesses
- Serves customers in
- United Kingdom
- Latest funding round
- Series A · USD 12m Nov 2023Led by MMC Ventures, 13books Capital
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Ralph Rogge Chief Executive Officer and Director
- Executive
- Oliver Owen Whitmore Richards Director
- Executive
- Michael Barrett McFadgen Director
Recent events
Researched 29 Sep 2026 · Sources
-
Funding
The firm filed allotments of new shares at Companies House in December 2025 and in January, February, March, May and June 2026.
find-and-update.company-information.service.gov.uk ↗ -
Other
The accounting software firm iplicit announced a partnership with Crezco to launch embedded open banking payments, called iplicitPay.
thepaypers.com ↗ -
Licence
The FCA authorised the firm as an electronic money institution and cancelled its authorisation as a payment institution on 28 January 2026.
crezco.com ↗ -
Funding
The firm raised USD 12 million in a Series A round led by MMC Ventures and 13books Capital. It also began powering bill payments in Xero.
financialit.net ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- CRZCGB22XXX
- How the BIC breaks down
- CRZCBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900RR8GEZCFQVD339
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 1027543
- Licence no. · FCA-PSD
- 925173
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- 99cc62a09144
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 2 entries on 2 registers
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- Website (register)
- www.crezco.com ↗
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- 192 CAMPDEN HILL ROAD LONDOM W8 7TH UNITED KINGDOM
- Operational address
- 192 CAMPDEN HILL ROAD LONDON LONDON W8 7TH UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>CRZCGB22XXX</BICFI>
<LEI>254900RR8GEZCFQVD339</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>CRZCGB22XXX</BICFI>
<LEI>254900RR8GEZCFQVD339</LEI>
<Nm>CREZCO LIMITED</Nm>
<PstlAdr>
<Ctry>GB</Ctry>
<AdrLine>192 CAMPDEN HILL ROAD LONDOM W8 7TH</AdrLine>
</PstlAdr>
</FinInstnId>Swift’s two address fields do not agree on a town, so the full record gives the address as address lines only.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: crezco.com (official website).
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