For over a decade, Kriya has helped businesses access credit when and where they need it – from embedded PayLater to digital invoice finance and business loans. Our mission remains simple: to make business payments flow brilliantly.

Now, we begin a new chapter. Kriya has been acquired by Allica Bank, the UK’s fastest-growing fintech bank for businesses. Together, we’re building a stronger platform that unites Kriya’s digital credit expertise with Allica’s bank-grade capital, infrastructure, and shared commitment to helping businesses thrive across the UK and beyond.

Two companies, one aligned mission

Since launching in 2011, Kriya has processed over £4 billion in SME finance across 301,882 transactions, helping thousands of businesses grow by digitising payment terms and delivering flexible funding solutions.

Since 2020, Allica Bank has lent over £3.5 billion to established UK firms, focusing on businesses with 5–250 employees – a segment representing a third of the UK economy yet long underserved by traditional banks.

What unites us goes beyond products:

• Credit that supports the real economy, at the right price point
• Relationship-led banking that doesn’t vanish behind portals 
• Technology that works for businesses, not against them 

Now, that vision can be delivered more powerfully as one. Watch Anil Stocker, Kriya CEO and Co-founder speaking with Richard Davies, Allica Bank CEO here:

What this means for Kriya customers

Kriya will continue to operate under its own brand with the same leadership and product focus. Your experience stays the same – but the possibilities expand.

1. More funding, to help more businesses
   As part of Allica, Kriya gains access to scalable funding, enabling us to finance more businesses and larger facilities competitively. Jointly, we aim to deploy £1 billion in working-capital finance over the next three years.
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2. Integrated lending, stronger relationships
   Kriya’s PayLater and invoice finance products now sit alongside Allica’s overdrafts and growth loans – uniting short- and long-term funding under one roof. SMEs gain a single, trusted partner for all lending needs.
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3. Product innovation and expansion
   Together, we’ll co-develop new lending and payment products, from cards to advanced embedded-finance tools, while using Allica’s banking licence to expand across Europe.
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4. Shared culture, shared values
   Both teams believe in moving fast, learning constantly, and delivering value without excuses. At Kriya, our values – #MakeItHappen, #1Team1Dream, #AlwaysBeLearning – resonate deeply with Allica’s proactive, SME-focused culture.

Why now?

SME finance is at a crossroads. Bank lending to small and mid-sized businesses has fallen to its lowest level since 2019. Access to affordable overdrafts and working capital has become slower, less flexible, and harder to navigate.

At the same time, the expectations of SMEs have shifted. They want speed, transparency, and integrations – whether applying for a loan, offering credit to buyers, or managing payments across channels.

By joining Allica, Kriya combines fintech agility with a bank’s scalability and reach – delivering the end-to-end working-capital products businesses have long needed.

What’s next?

Kriya’s mission remains the same, but our platform grows stronger. Our customers will see faster product evolution, deeper funding capacity, and more choice. For Allica, it marks a first step into embedded finance and invoice finance – broadening support for the businesses it was built to serve. 

For businesses, it means payments, credit, and banking – finally working as one.

Want to learn what this means for your business?

Talk to our team about how Kriya, from Allica Bank, can help you grow.