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Allica Bank acquires Kriya: Our announcement ->
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Give your buyers PayLater powers

Sign up more buyers and boost conversion across all your sales channels

Launched in 2012
£4bn+ credit advanced
Part of Allica Bank
Kriya offers Embedded PayLater, Invoice Finance and Working Capital Loans
PayLater by the numbers
Grow your sales with PayLater’s flexible payment options
82%

Of B2B buyers would pick a supplier because it offered 30, 60 or 90 day payment terms at checkout.

68%

Is the average increase in order size for businesses that have implemented Kriya’s PayLater

2X

Buyers are twice as likely to make a repeat purchase when flexible payment terms are offered

Success stories
Merchants who are making the most of embedded PayLater
8X growth in number of buyers

By offering diamond buyers Buy Now Pay Later at checkout, powered by Kriya – Nivoda's gross merchandising volume also increased by 5X.

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“Being able to offer credit has helped our customers manage their working capital and buy more. As a result, customers appreciate our service even more, as evidenced by higher repeat purchase and retention levels for customers that make use of Nivoda credit.”

Bas Lustenhouwer
CFO,
Nivoda
+136% Uplift in Average Order Volume

Through Kriya's Embedded PayLater, Halfords saw an increase in B2B purchase frequency and order size, both online and offline.

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“We work with sole traders, business customers and government entities. Kriya is the only supplier that could support all three. We expect our B2B revenues to increase as a result of providing Kriya’s flexible payment terms to our trade and business buyers.”

Stuart Zissman
Head of Financial Services,
Halfords
The full suite PayLater product
Scale with speed & security – PayLater is more than a checkout option
Merchant portal

Get insights and manage all your buyers and orders in one place

Reconciliation

Kriya syncs with ERPs & accounting software – get a consistent view of your sales

Collections

No chasing payments, we handle collections on your behalf.

Invoicing

Get insights and manage all your buyers and orders in one place

Use PayLater in 45 Countries
Accelerate export sales with instant, international buyer decisioning, in a range of currencies, across the globe.
Allica Bank acquires Kriya

As part of Allica Bank, the UK's fasest growing digital bank, Kriya gains access to scalable funding and a better cost of capital, enabling us to finance more businesses and larger facilities. Together, we aim to deploy £1 billion in working-capital finance over the next three years.

Allica Bank acquires Kriya

As of October 2025, Kriya is now owned by Allica Bank, the UK's fastest growing business bank. This means Kriya can access more funding and offer more products to businesses.

Over the next three years, together we aim to deploy £1 billion in funding to businesses across the UK and Europe.

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Book a call

Let your customers buy now and pay later

Sign up more buyers and boost conversion across all your sales channels.

What to expect from your enquiry
1
Consultation focused on your goals and funding requirements
2
Clear assessment of whether Kriya’s Embedded PayLater is a fit for your business
3
Key questions answered with a defined path to implementation

Prior to scheduling a call, if your enquiry is not a fit for Kriya, we may refer you to a trusted partner. You can unsubscribe at any point.

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We’ll use this information to get in touch with you about our own and selected partners’ products and services in accordance with our Privacy Policy. Where appropriate, we may securely share your details with one of our vetted partners to discuss suitable funding options. You can unsubscribe at any point. By submitting, you acknowledge we reserve the right to work with businesses that have been trading for a minimum of 12 months and have submitted at least one set of financial accounts.
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If we find good fit, we'll move fast to dig deeper and provide you with indicative terms and pricing.

Otherwise we'll refer you to a trusted partner, no strings attached.

In the meantime, visit our blog to learn how you can benefit from Kriya’s suite of products.

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