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Crescent
Crescent is a fintech/business banking platform offering high-yield checking accounts, modern business payments, and treasury/money market investment products. It serves companies, startups, and nonprofits looking to earn competitive yield on cash while maintaining FDIC-insured protection and streamlined payment operations.
Distributed
Description
Crescent provides business banking services including high-yield checking accounts (up to 3.00% APY), with funds protected through access to millions in FDIC insurance via partner banks. Its modern business payments suite supports Real-Time Payments (RTP), same-day ACH, wire, and check payments, along with spend controls, scheduled and recurring payments, real-time payment tracking, unlimited account numbers, and precision reconciliation. The platform also offers accounting integrations for real-time bookkeeping sync, and allows clients to invest in Treasury Bills and Money Markets through a brokerage relationship with BNY Mellon Pershing, with advisory services provided by Atomic Invest LLC. Crescent emphasizes layered security including role-based permissions, multi-factor authentication, positive pay for checks, and dedicated 24/7 support. Its clients include startups, nonprofits, and commercial businesses seeking an alternative to traditional bank offerings, as evidenced by testimonials from organizations like Fulton Education Foundation, Tribe 9 Foods, Telra Institute, Dataflik, Ripcord, and Billy.Grant Funding
VC Funding
None
2022
$0
$5M