Am I eligible to use Kriya PayLater?

We offer our services to limited companies, limited liability partnerships, limited partnerships and sole traders. To be considered, your business must have been trading for a minimum of three months.

Does using Kriya PayLater affect my credit score?

To assess your eligibility for using Kriya PayLater, a soft credit search is performed against your business, or if you're a sole trader or partnership – you as an individual. A soft credit check will not impact your credit rating. If you are eligible, the first time you make a purchase with Kriya PayLater, a hard search will be made. This will only happen the first time you use the service. This search will appear on your credit report. Multiple hard searches in a short period of time may affect your credit score.

How does the payments process work?

Choosing to pay using Kriya PayLater means you can defer paying for goods and services until a later date. The way this works is that the cost of your order is covered upfront by Kriya, and you have extended payment terms to repay the balance. The terms available to you will depend on what the merchant you are purchasing from has decided to offer. All merchants that offer Kriya PayLater are provided a separate bank account specifically for PayLater orders. Once payment for your order is due, you'll be required to pay the balance into this bank account. The details will be on the invoice from the merchant you have purchased from. In order to pay back the amounts you owe, you will need to make payments directly to Kriya, via this bank account. Any payments made directly to the merchant will not count towards reducing the amounts you owe. Paying the merchant directly could mean delays in reinstating your spending limit.

What does it cost to use Kriya PayLater?

Choosing to pay with Kriya PayLater is free. There are no transaction fees involved and no interest charged. However, if you are overdue in paying your invoice, you may be subject to a late payment charges. Late payments can negatively impact your Kriya PayLater spending limit.

Buy what you need today Pay for it later

Kriya gives buyers the flexibility to choose when they pay for business purchases

FAQs

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Launch

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Why pay with Kriya?

Pay later

Get the goods you need now but defer payment and keep your cash flow running smoothly.

Up to £125,000 instant credit

Get an instant spending limit for business purchases.

Flexible terms everywhere

Pay with Kriya online, plus in-store and over the phone (at participating retailers).

No fees

No interest and no transaction fees.

How Kriya works

Try our Interactive Product Tour

Launch

A brand you can trust

A really smart product

A really smart product with good technology and a great support team. We're looking forward to long and prosperous relationship!

Fraser

Top top players

I can honestly say that dealing with the people at Kriya has been a pleasurable experience.Rahul and Annie especially are knowledgeable, helpful and a great asset to the company.Any issues or questions are swiftly dealt with. Keep up the good work ;)

Greg Houlton

Spot on

Spot on, can't really fault the service or the product. My main point of contact, Craig Flyger, was very helpful!

Freddie

Amazing Team

Amazing team to work with, in particular Rahul. Such a pleasure to work with and is always so helpful. Very professional and very efficient. If I ever have a problem he is always happy to help and gets back to me straight away. I look forward to working with him more in the future. The Kriya team are all amazing and great to work with!

Courtney Newman

Really amazing people to work with!

Really amazing people to work with! They always get it done and keep accommodating to exactly what our business needs at the time. Really appreciate the length and efforts they go above and beyond for us!

Kaycie Weiss

£

28

B+

B2B Payments processed

4

M+

B2B transactions processed

45

+

Countries and growing

12

+

Years and counting

Partnering with the best

FAQ

Where is Kriya based?

Kriya Finance Limited,
48-50 Scrutton Street,
London,
EC2A 4XQ

https://www.kriya.co/

Who is Kriya?

Kriya is a leading provider of business payments. We specialise in providing flexible payment terms so business buyers can purchase what they need up front and pay later.

We were established in 2011, and have processed over £28 billion in payments. We’re privileged to be backed by Barclays Bank, Santander Innoventures and British Business Bank.

Kriya Finance Limited is supervised by the Financial Conduct Authority for anti-money laundering purposes (FCA reference no: 750199). We are a limited company registered in England and Wales (No. 07330525)

How quickly can I get funded?

An indicative offer within 24 hours and onboarding within a week. Once your facility is live, approved invoices are funded within 24 hours.

What's the difference between a working capital loan and a business loan?

A working capital loan covers short-term needs such as stock, materials or payroll, and is usually repaid within a year or two. A business loan is a lump sum for a larger, longer-lived purchase, repaid over a term matched to what you have bought. If you are not sure, tell us what the money is for and we will suggest the structure.

Does it only work at online checkout?

No. Payment links, co-branded cards and point-of-sale integrations cover offline and field sales, and most merchants run more than one format.

Do I need to apply separately to UKEF?

No. Exporters apply through a participating lender rather than to UKEF directly. We arrange the government guarantee after credit assessment, and ask you for a small set of export declarations at the end.

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