Adrian JohnsonTLDR: Kriya FinTech, a player in the B2B fintech sector, has secured a £50m ($66m) debt facility from long-standing partner Viola Credit. The funding will be used to expand Kriya’s payment processing services and support merchants across multiple currencies and 45 different markets. Kriya’s payment solutions, such as PayNow and PayLater, aim to streamline the B2B payment process, attract and retain business customers, and aid merchants in managing their cash flow more effectively.
Kriya FinTech, a prominent player in the B2B fintech sector, has secured a substantial £50m debt facility from Viola Credit, a long-standing debt partner of the company. The funding will be instrumental in doubling down on Kriya’s existing services and scaling the volume of payments processed. The company aims to expand its support to merchants in multiple currencies across 45 different markets, including facilitating transactions in major currencies such as GBP, USD, and EUR. The primary focus of Kriya’s service is to enhance the check-out experience for B2B retailers and marketplaces. Flexible payment terms, such as 30 or 60 days and split payments over several months, help attract and retain business customers and ultimately foster larger sales volumes. The recent funding will enable Kriya to further streamline the B2B payment process and aid merchants in managing their cash flow more effectively.
