Kriya, a London, UK-based provider of a fintech platform providing access to B2B payments, received a $50M funding facility.
Viola Group provided the financing.
The company intends to use the funds to roll out embedded B2B Payments to UK and European mid-market and enterprise merchants to help them acquire and service business customers.
Led by CEO Anil Stocker, Kriya offers a fintech platform that allows business to provide access to B2B payments and credit through integrations and instant credit decisions. Founded in 2011 and now operating in the UK, Ireland, Spain, the Netherlands, Poland and Belgium, the company has helped businesses collect over £27 Billion in B2B payments, and advanced over £3.5 Billion worth of credit to suppliers and buyers.
Kriya has a wide-reaching network of strategic distribution partners including Barclays Bank, and is backed by an array of equity investors including Northzone, Barclays Bank and Mouro Capital (owned by Santander Bank).
Commenting on the news, Anil Stocker said: “We’re seeing big changes in how forward-looking merchants think about their B2B sales journeys from marketing to and on boarding new types of buyers through new channels, to smoothing the checkout process by offering different payment options and PayLater features that help their buyer’s cash flow.“
FinSMEs
31/01/2024