For too long, businesses have had to choose between scale and service. 

Larger banks offer low-cost capital but often lack speed and integration. Fintech lenders deliver agility and innovation – but are limited by balance sheet size and higher funding costs. 

Now, with Kriya joining Allica Bank, that trade-off disappears. We’re combining bank-grade funding capacity with fintech-grade experience, unlocking a new level of flexibility, scalability and innovation for growing businesses.

1. Access to scalable funding through Allica’s deposit base

As part of Allica, Kriya now lends from a fully licensed UK bank balance sheet. This means:

• Access to more funding, allowing Kriya to fund larger facilities across invoice finance and embedded PayLater where needed 
• The ability to support a wider range of businesses, from SMEs to more established mid-sized companies; as well as embedded finance via corporates and partners to their business buyers
• Funding for new products, watch this space as we develop new credit and payment options to keep business flowing 

Businesses can now access flexible, digital-first credit – at the scale of a bank, delivered like a fintech.

2. One relationship, many funding solutions

For most businesses, managing finance means juggling multiple lenders and systems. With Kriya and Allica together, that complexity disappears.

Our partnership now brings a connected suite of products under one relationship:

• PayLater and Invoice Finance available from Kriya
• Current accounts, overdrafts, growth loans, and asset finance from Allica 
• Future products we’ll develop together 

The result is a more holistic platform for you to manage working capital, payments, and banking – with consistent service, shared data, and smarter decisioning across every product.

3. A shared focus on innovation

Both Kriya and Allica are built on the same principle: modern technology should simplify finance, not complicate it. 

Together, we’re accelerating product development – combining Kriya’s embedded finance and digital onboarding capabilities with Allica’s regulated infrastructure and banking rails. 

That means faster rollouts of new lending products, payment tools, and business accounts, all built with integration at their core. The goal is simple: to help businesses trade, pay, and grow – through one intuitive platform.

4. Building for the future – and increasingly across borders

This partnership also opens the door to geographic expansion. With Allica’s regulatory foundation and Kriya’s embedded model, we can explore entry into European markets where SMEs face the same challenges around access to flexible, affordable working capital.

Long-term, we aim to build a cross-border platform that combines local presence with seamless digital delivery – offering businesses consistency, transparency, and control wherever they operate.

The best of both worlds 

Allica is not a traditional bank. It’s one of the UK’s fastest-growing fintech banks, built from the ground up with technology at its core – profitable within three years, digital-first in its delivery, and committed to the same SME market Kriya has served since 2011. 

By bringing together Allica’s capital strength and regulatory foundation with Kriya’s technology and product innovation, we’re creating something rare: a single financial platform that scales like a bank and moves like a fintech. 

For businesses, that means simpler relationships, bigger capacity, and smarter tools – all from a team that understands what it takes to grow.

Ready to scale your credit strategy? 

Speak to our team to explore how Kriya and Allica Bank can help your business go further.