Crezco vs Finexer

Crezco provides an API and financial products that let platforms embed payments for small and medium-sized businesses. Its bill payment service supports real-time and scheduled bank transfers, card payments, domestic and international suppliers, and single or bulk payments. Platforms can embed payables while retaining control of the user experience and payment fees. Crezco also describes real-time international payouts to more than 180 countries in more than 36 currencies. Listed accounting integrations include Xero, QuickBooks, Quickfile, Sage, SIF Health, MazApp, Duport and Haibooks. Outstanding bills imported from Xero can go back up to the previous 365 days. The service is available through web and API, with payment webhooks and instant settlement; bank authentication uses a redirect. Plans include Collect Plus at £10/ month, Send Plus at £20/ month and Premium at £27/ month. There is no free plan. Crezco lists a 30-day trial, and says Send Plus and Premium subscribers get a one-month free trial.

Finexer is a B2B open banking platform for businesses that need bank data, payment initiation or bank-based identity checks in their own services. Its data service provides real-time account details, balances, transaction history, merchant and category data, and income and expense information. Payment options include instant account-to-account payments, payment links, QR code payments, batch payments and automated receipts. Bank-based identity verification can support customer KYC and AML processes. Connection methods include an Open Banking API, dashboard, hosted consent pages and consent links. Developer tools include a REST-based API, webhooks, documentation, sandbox accounts and developer support; sandbox accounts that replicate production functionality are free. Its supported-bank directory names UK institutions including Barclays, HSBC, Lloyds, Monzo, NatWest, Starling and Wise. Instant Payments are available only to UK businesses and currently support GBP only. Finexer says sensitive data is encrypted with AES-256 in an isolated data store and approved accounts require two-factor authentication. It states it is Cyber Essentials certified and ICO registered, and that Finexer Ltd is FCA-authorised under the Payment Services Regulations 2017. Pricing is on request.