New Kriya research shows high levels of awareness of Embedded Finance among UK B2B SMEs. But with implementation intent being 3 years on average, this means thousands of UK firms are leaving money on the table.
Embedded Finance for business is an emerging trend which has been proposed as a solution to some of the challenges facing businesses today. When asked whether they've heard of the term Embedded Finance and if they were aware of what it means, vast majority responded yes.
It takes much less time than expected
95% of B2B e-commerce firms that have not yet adopted Embedded Finance are planning to do so in the next 5 years. On average they expect to roll out B2B Embedded Finance in just over 3 years. However, with Kriya implementation takes only 4 weeks, from the first discovery call to deployment. That's over 3 years of missed revenue!
What this data shows us that there's a massive untapped potential in Embedded Finance, of which UK SMEs are aware, but are not taking advantage of.
Read the full report
Fill out the form below to access the full report. In it we examine top business concerns plaguing SMEs, benefits and expectations for Embedded Finance, what makes a good partner and more!
New Kriya research finds that UK B2B firms with e-commerce operations do not plan to offer ‘buy now, pay later’ terms to their customers for another 3 years, despite 92% knowing what Embedded Finance is, and how it helps accelerate their revenues with more sales and 5x higher order values.
Chancellor Kwasi Kwarteng has unveiled a mini Budget (fiscal event, if you like) as the UK faces the prospect of a recession. He outlined three key steps: the energy price guarantee, equivalent support for businesses and an energy markets financing scheme delivered by the Bank of England.