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London fintech Kriya lands new finance facility to fund £1 billion business customer payments
London-based fintech Kriya says the new funding facility will allow it power over £1 billion B2B payments over the next 24 months
UK-based fintech Kriya has received a new GBP 50 million funding facility from Viola Group to enable it to power over GBP 1 billion of B2B payments by 2026.
Halfords Group PLC, the UK’s largest leading provider of motoring and cycling products and services has selected Kriya, the leading embedded finance provider, to power payments and credit for its trade account customers.
Kriya will help Halfords onboard and screen new buyers and offer payment options at checkout, automating existing credit processes.
The buy now pay later (BNPL) market has stuttered over the last 12 months with a combination of interest rate hikes impacting the cost of credit and the prospect of increased regulation leading to a sharp downgrade in the value of some of its largest players in the B2C space.
Coming directly after Santander announced its new platform, research published by Kriya, shows that the leaders of UK B2B firms do not plan to offer BNPL on their e-commerce sites for another 3.23 years, despite 92% of them having heard of the term Embedded Finance.
Research published for the first time today by Kriya, the new name for fintech platform MarketFinance, shows that the leaders of UK B2B firms do not plan to offer ‘buy now, pay later’ terms on their e-commerce sites for another 3.23 years, despite 92% of them having heard of the term Embedded Finance.
Alongside the rebrand, Kriya has appointed three new board members to help its growing pivot to B2B payments and embedded finance.
Riding the wave of technological change has been an exhilarating journey for accountants.
With over a million diamonds globally available from sellers all over the world, working with a customer to find the right item, such as an engagement ring, can be a huge challenge for retailers operating in the highly fragmented global jewelry market.
MarketFinance, the leading fintech credit and payments company, has secured a £30m credit facility from Viola, the Israeli technology investment group, to expand its B2B Pay Later embedded finance offering for SMEs.
MarketFinance, the leading fintech credit and payments company, has secured a £30m credit facility from Viola, the Israeli technology investment group, to expand its B2B Pay Later embedded finance offering for SMEs.
Firms have largely spent the emergency state funding provided during the pandemic, raising the prospect of rising distress as many battle against inflation and a deteriorating economy.
Money 20/20 is the largest gathering of financial institutions and Fintech businesses in Europe. Hot topics this year: innovation and partnerships.
Giles Andrews OBE is appointed Chairman of Kriya, with the aim to support growth ambitions and double lending to £2 billion.
Our recent survey of UK businesses reveals insights into their funding needs and wider concerns.
Kriya, the leading B2B PayLater payments solution, is now available on Stripe, a financial infrastructure platform for businesses.
Kriya raises new £50M funding facility with long-standing partner, Viola Credit, to accelerate enterprise growth.
Halfords, the UK’s leading provider of motoring and cycling products has chosen Kriya for their B2B digital payments and trade credit.
