Season’s greetings from Kriya Product Pulse! We figured it’s the perfect time of year to recap our product highlights from 2023. Read on for a peek at what we're working on for early 2024 too.

1) PayLater for B2B checkouts

Hot off the launch of Kriya PayLater in 2022, we shipped a number of improvements to make it a breeze for merchants to offer flexible payment terms in their eCommerce checkouts.

Hosted Payments Flow

💸  Take the low-code option. Now you can redirect buyers into a hosted checkout experience, rather than building directly to our API.

☑️  This means faster speed to market and less technical lift to be up and running. 

International instant decisioning

🌐  Now you can instantaneously offer credit at online checkout with equal ease to international and domestic buyers.

☑️  This means it’s now even easier to grow your business internationally with Kriya. Offer flexible payment terms to buyers in 45 countries via our eCommerce API.

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 Plug Kriya into your eCommerce platform

🔌  This year we released plugins for a range of leading eCommerce platforms

☑️  Remove the friction of a custom build and add Kriya to your online checkout faster with the following plugins.

• Magento
• WooCommerce
• BigCommerce
• Prestashop
• nopCommerce

2) Hello Merchant Portal!

Big news all round for Kriya merchants new and old. We launched Kriya Merchant Portal - simultaneously the platform for multichannel PayLater payments as well as an upgrade for our legacy Invoice Finance Portal.

Convert invoices to instant working capital

‍Pay as you go: No more subscription fees. Now you only pay when you finance an invoice.

Committed funding: Faster and guaranteed funding. Get up to 90% of your invoice amount advanced within 24 hours.

Access more funding: Go beyond your business credit limit. Tap into funding limits set against your entire buyer base.

Upgrade experience: Built on more modern technology, enjoy a faster, more reliable user experience.

3) A slicker way to do buyer authentication

Buyer authentication is vital to offering credit but it can add a ton of friction. So we combined credit risk, anti-fraud and ID checks into a single flow with automated instant decisions. There’s a ton of new capabilities we unlocked for our merchants:

Instant PayLater spending limits

⚡ Now you can get instant credit decisions and spending limits for buyers across eCommerce and offline orders.

☑️  Give real-time credit decisions to buyers to increase order conversion and basket size.

☑️  Get a risk decision and spending limit in under 30 seconds, and fraud checks in under 6 seconds.

☑️  Industry beating 91% acceptance rate for buyers.

Instant decisions boost your offline sales

⏩   Now instant decisioning available in Merchant Portal to empower Sales teams to close deals faster with embedded credit.

Why this is cool

• Enable your sales team to get real-time credit decisions while in conversation with prospects and customers.
• No need to wait on Finance teams to manually approve buyer credit.
• Sales can leverage pre-approved spending limits to create personalised offers for your prospect customers.

Plug and play buyer authentication

🌟  You can now authenticate and onboard buyers in a single flow. Available through our API or no-code Hosted Onboarding Flow.

☑️  This means you can consolidate credit checks (KYB), anti-fraud (director KYC) and automated spending limits into one simple flow.

Read more in our API docs

What’s next?

🔮  We’ve still got plenty instore for  Merchant Portal and Buyer Authentication

• Onboard international buyers from 45 countries for Merchant Portal orders.
• Bulk Orders via Merchant Portal.
• We’re updating our eCommerce API to automate the process for cancellations and refunds.

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Stay tuned for more details of our roadmap next month.

Wishing you a happy and relaxing festive break!