In a groundbreaking move, London-based fintech marvel Kriya has successfully secured a whopping £50 million funding facility, setting the stage for a transformative journey in the world of B2B payments.
The financial backing, generously provided by Viola Group, is poised to catapult Kriya into the forefront of the industry, enabling the company to unveil a cutting-edge embedded B2B payments solution for mid-market and enterprise merchants across the UK and Europe.
Helmed by the visionary CEO Anil Stocker, Kriya has stood as a beacon of innovation since its inception in 2011. Now operational in the UK, Ireland, Spain, the Netherlands, Poland, and Belgium, the company has amassed an impressive track record, facilitating businesses in collecting over £27 billion in B2B payments and advancing over £3.5 billion in credit to suppliers and buyers.
At the heart of Kriya’s success lies its fintech platform, a game-changer that seamlessly integrates B2B payments and credit. Boasting a network of strategic distribution partners, including the financial juggernaut Barclays Bank, Kriya has firmly established itself as a force to be reckoned with in the fintech landscape.
The company’s lineup of equity investors, featuring heavyweights like Northzone, Barclays Bank, and Mouro Capital (Santander Bank’s brainchild), underscores the industry’s vote of confidence in Kriya’s groundbreaking approach.
Anil Stocker, the driving force behind Kriya, expressed his enthusiasm about the recent funding coup, stating, “We’re witnessing a paradigm shift in how forward-thinking merchants approach their B2B sales journeys.
From redefining marketing strategies to onboarding new buyer profiles through diverse channels to simplifying the checkout process with innovative payment options and PayLater features, our focus is on enhancing our buyer’s cash flow.”
The infusion of £50 million in funding is set to propel Kriya into a realm where possibilities are limitless. The company’s vision goes beyond merely facilitating transactions; it aspires to revolutionize the very core of B2B interactions.
The funds will be instrumental in amplifying Kriya’s reach and impact, empowering merchants to navigate the evolving landscape with agility and confidence.
Kriya Funding, as it stands, symbolizes not just a financial boost but a testament to the industry’s recognition of Kriya’s potential to redefine the fintech game.
This injection of capital sets the stage for a new era in B2B payments, where Kriya is at the helm, steering innovation, and transforming possibilities into realities. Brace yourselves for the fintech revolution—Kriya style.